After 14 to 18 years and the decision on acceptance of the inheritance and, accordingly, obligations for the payment of the loan, the heir will be considered together with the guardians. And it's perfectly legal, but completely unfair. Very often potential borrowers are lured by the fact that promise to provide consumer loans or cash loans within 15 minutes at the time of treatment, and from the potential borrower in obtaining such loans will not need to provide any documents other than passports. Unfortunately, justice is not a legal concept that what is called "the matter will not sew." Another example is when a borrower cannot demand cancellation of the contract, although such a desire it occurs and relates to floating interest rates. In the most positive of intentions they are trying to buy on credit, the maximum available for housing, choosing a more prestigious area.
Because of problems with re-registration of mortgage, you will need to obtain the consent of the Bank, your Bank is unlikely to agree to repay such a large loan on your own risk, not having the right collateral. As a result, the client might get the feeling that he cheated, but it will not be so. During these six months, we can all think carefully and make the final decision, is it advantageous to accept the inheritance with all debts or to abandon it and focus on paying their own loans.
However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan. You can, for example, can I refinancing your loan. In addition, the real estate that will serve as collateral, should not be prescribed to minors. In General, termination of contract by the borrower, the procedure is quite complicated, the success of such initiatives rarely end. Moreover, you can cancel the contract before receiving the money. Of course, it all seems quite logical – they don't have enough money, so they try to get loans. It's a dark, gangster and totally unfair scheme. Actually the problem is only in that the borrower did not pay attention on such an important point or didn't understand it. Additionally, if the dawn of the Russian lending financial institution demanded payment of the potential borrower even when obtaining commercial loans initial contributions, to date, this nuance will be relevant only when taking out a mortgage and car loan, and even then not in all cases.