Procedure and risks of a compulsory mortgage entry by the Tax Office or Social Insurance Institution

A compulsory mortgage is the state's battering ram for collecting debts. If a seller is behind on taxes or contributions, the Tax Office and Social Insurance Institution burden their house so that no one sells it quietly. Buying such a property is a walk through a minefield, yet it can be a chance to secure a massive discount. In such crisis transactions, transparency is key. Direct talks with the owner facilitate quick agreements on the safe repayment of their official debt using funds from your loan.