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But the problem is that the management company is not a mortgagee of the property. Original mortgagee a bank that issued the mortgage loan. In the state registration of the mortgage, the bank must necessarily be made in the Unified State Register of Real Estate Rights and Transactions (EGRP). But what happens next is almost impossible to understand. Its lien on cox cable macon ga the property the bank does not transfer to anyone, since the transfer, in fact, no one. The riverhead building supply question of who forms the mortgage collateral and a coating formed by the management company gets, the Law "On Mortgage Securities", and Mortgage Law do not provide an answer. As a result, the bank seemed to evaporate, the mortgage cover somehow turns out to be the management company, but trust no one has yet established. Management Company, the rights which the mortgage collateral is not identified, began selling mortgage participation certificates evidencing the share of their respective owners in common ownership on this cover. Buyers certificates are the founders of asset management mortgage. Who in this design belonged to a lien on the property, the law still failed to mention. As a result, second change in the law of mortgages has become a norm in which the pledgee are the owners of mortgage participation certificates. The corresponding entry is made in the Unified State Register, and the names of the owners of the securities are not listed in the Unified State Register, and are determined on the basis of a special registry and custody accounts.

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