After the judgment of Mona Zaki in the crisis of the engineers ’apartment .. What does the mortgage mean?
The North Giza Court of First Instance in Egypt issued a judicial ruling obligating the artist Mona Zaki by paying an amount of 3 million and 630 thousand pounds, against the backdrop of a legal dispute that arose after selling a residential apartment in the Mohandessin area, later it was found that it falls within a property mortgaged for a bank. /> After completing the deal, the buyer was surprised by official warnings issued by a bank, stating that there was an intention to reserve the apartment due to the real estate debt. EGP, within the total debt of approximately 29 million pounds related to the property as a whole." target ="_Blank"> Real estate on the sold unit, considering that this is an explicit violation of the terms of the contract and directly damage to it, and in his claim he called for financial compensation for the damage to him, whether financially or morally. On the sale of a unit that falls within a mortgaged property, without disclosing this legal status, and the court considered this a fundamental violation of the terms of the contract that requires compensation. The loan. Consequently, the mortgage restricts the freedom to act in the property unless the debt is settled.
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