Thread: Pfandanpassung
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Old 02.08.2020, 11:58
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Re: Pfandanpassung

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Consequently, the customer is not only liable towards the bank, but also towards SIX SIS.
No. SIX SIS is just the place where the security is stored. This in itself gives SIS no claim on the property.

In case of a classic, physical Papier-Schuldbrief who ever had the Schuldbrief in its actual possession, or more correct the person which can present it, had the claim.

In case of the new digital Register-Schuldbrief the person which is noted in the land register has the claim. This is normally the bank which gave you the mortgage.

Only one person can have the Schuldbrief. But this person can freely transfer it to an other person. In case of the Papier-Schuldbrief no one really knows who has the Schuldbrief. Some times they got lost, destroyed in a fire, or torn and shredded by an unknowing party. All which gave rise to various legal and administrative issues as a Schuldbrief can only be dissolved by following a very specific procedure which involves the land registry. In case of the digital Version a quick glance in the building register shows who has currently the claim of the Schuldbrief. As said that is not SIX where it is stored but the bank, insurance, investment company, home owner etc.
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