Contrato de Arras al comprar casa - No pierdas el pago a cuenta si el BANCO no te da la HIPOTECA

You will sign an EARNEST MONEY AGREEMENT when you buy a house, a flat, or an apartment. You should know that there are penal deposits, penal deposits, and confirmatory deposits, and that if you need a mortgage to buy, it is essential that you sign the correct earnest money contract. Typically, you will be offered a penal deposit contract subject to Article 1454 of the Civil Code, which stipulates that if you ultimately fail to buy or back out, you will lose the money you paid on account, and if the seller defaults, they must return double the amount. This doesn't solve the problem of what happens if, as is most common, you don't have the money to pay for the house you bought in cash and need a mortgage to buy the home. If the bank later doesn't grant you the mortgage, you risk losing the deposit you paid on account of the home. We explain everything you need to know so you can obtain an earnest money contract that protects you from these circumstances, which you can't always control. We'll tell you how long the earnest money contract lasts, who keeps the money from the earnest money contract, who pays the earnest money contract, the buyer or the seller, and we suggest some sample clauses to include in the earnest money contract so you don't lose money if the bank doesn't give you the mortgage you need to buy. Best regards, and thank you for your time. YOU MAY ALSO BE INTERESTED IN: Earnest Money Contract Template - The 10 Details It Must Contain -    • 🏠✅ Comprar Casa - 10 Cosas que debe conten...   New Mortgage Law - YOUR RIGHTS -    • Nueva Ley Hipotecaria | Hipoteca | Prestam...   The Bank's Obligations in Mortgages -    • HIPOTECA | Obligaciones del Banco | Presta...   Mortgage Cancellation -    • Cancelacion de Hipoteca| Como cancelar hip...   CHAPTERS: 0:00 The Earnest Money Contract for the Purchase of a Home 2:10 Types of Earnest Money Contracts 2:53 The Down Payment or Payment on Account of the Price 3:50 Penal Deposit (Article 1454 of the Civil Code) 7:32 Confirmatory Deposit 8:32 Penal Deposit 9:23 Denial or Non-Granting of a Mortgage by the Bank 11:24 The solution to avoid losing the deposit money you paid if the Bank doesn't grant you the mortgage Contact: [email protected] Barcelona Lawyer - Barcelona Lawyer Barcelona Lawyers - Barcelona Lawyers Online Lawyers - Online Lawyers YouTube Lawyers - YouTube Lawyers ** SUBSCRIBE ** If you have legal questions or want to understand current news and topics from a legal perspective. Accessible language to understand the principles and rules of commercial law, civil law, criminal law, labor law, etc. ** ASK YOUR QUESTIONS AND SUGGESTIONS ** Leave a comment if you have any questions about this video or if you want to make a suggestion for future videos. ** FOLLOW RUAIX ON SOCIAL NETWORKS **   / jsruaix     / josep.serraruaix     / ruaixlegaltv