The external bank takes too long for deletion documents

Hello everyone,

I'm a bit frustrated. I bought a house, already live in it, and am not allowed to pay for it. What sounds great at first is now turning bad. Because provision interest will soon be due in a significant amount.

The problem is that there is still land on the property, and the registered external banks are delaying the issuance of the release documents by repeatedly making mistakes. Now the institutions are passing the buck to each other. My notary is very diligent in trying to get these documents in the correct form. The whole carousel is now starting over for the second time. I find this unacceptable and wonder if I can charge the damage to the institutions involved. Does anyone know about this and can maybe help?

Best regards
Sebi

Hello, only a specialist lawyer. Alternatively, you can contact the Bank Ombudsman, who will initially refer you to the complaint departments of the banks.

Who is passing the buck to whom? There is only one bank that can issue a false deletion authorization.

How high are the BHZ, how high is your loan interest rate and how large is the loan volume?

I have an idea how you can get out of this without any costs anyway. Then you don’t need a lawyer for that.

The external institutes that still have rights to the property are passing the buck to each other. ;)

Unfortunately, I don’t know what BHZ means.

The interest rate is 1.3%, the volume is 350K€.

What idea do you have?

BHZ = standby interest

And that’s where my idea comes in. Do you have 1.3% p.a. (just like your loan) or the unfortunately still common 3% p.a. or 0.25% p.m.?

0.25% per month, that is 3% annually, is charged for the [Bereitstellungszinsen].