REPEAL ART. 28 MORTGAGE LAW

On September 3, one of the legal articles considered the most unfair in the real estate market disappeared: Article 28 of the Mortgage Law. For many years it has made it difficult for non-direct heirs (e.g. siblings) to sell a house until two years after the owner's death.

For practical purposes, the sale was registered in the Land Registry, but there remained a preventive notation that it was subject to the clause in article 28. After two years it was already known that the property was free. Banks also had a lot of difficulty granting mortgages on properties in this situation.

This rule, favorable for the real estate market, also has retroactive effect for houses that were within that period of two years. They are totally liberated. As of September 3, the Land Registry automatically eliminates this clause, so neither buyer nor seller must do anything.

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