Claims secured by a mortgage on an uncompleted property as part of the mortgage coverage of mortgage bonds

Kozlovsky Mikhail Sergeevich

The article is devoted to the question of the legal nature of the mortgage of an uncompleted real estate object that secures the claims included in the mortgage coverage of mortgage bonds, as well as in general the possibility of including such claims in the mortgage coverage. At the same time, mortgage bonds are an attractive investment tool due to high reliability of such securities. This makes them a potentially effective way for commercial banks to attract financing for mortgage lending as the cost of such financing is quite low. In turn, this can play a positive role in solving the problem of housing security in Russia due to the cost reduction of mortgage loans. While the inclusion of claims secured by the real estate the construction of which has not been completed in the mortgage coverage will give banks additional opportunities to issue mortgage bonds, allowing them to form mortgage coverage at a lower cost.

Keywords:mortgage bonds, mortgage coverage, mortgage of an incomplete real estate object, mortgage securities, residential real estate.