Notice of a mortgage foreclosure procedure pending on the property
1. Does your national system admit such restriction?
This land register system envisages this kind of notice or includes the possibility of registering a notice as such.
2. In your system, once registered this restriction, does it block or freeze subsequent registrations (mostly the ones promoted by the owner of the property) until being removed?
Once registered this restriction, it implies a warning to third parties, the effect is to block or freeze subsequent registrations.
When the property is subject to foreclosure and someone tries to buy such property, the court will dismiss proposal for registration since there is notice of foreclosure on that property
3. In your system, in principle, will the registration of this restriction be temporary (under a deadline) or indefinitely (it will be in force until being removed)?
In this system the duration of the registration of this restriction will be indefinite (until removed or deleted).
4. Indicate the national legal sources about this judicial restriction
Enforcement Act.
5. Please, give us an idea about the characteristics of the registration of this restriction in your system
Not answered