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Grundschuldteil

English translation: mortgage amount

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Grundschuldteil
English translation:mortgage amount
Entered by: Kim Metzger

08:48 Oct 14, 2001
German to English translations [PRO]
Bus/Financial
German term or phrase: Grundschuldteil
I am translating Grundschuld as mortgage. But what is a Grundschuldteil?
Es gilt als vereinbart, daß wir nachrangige Grundschuldteile, die den Gesamtbetrag der Ihnen zur Verfügung gestellten Darlehen übersteigen, für Sie treuhänderisch halten. Auf Ihren Wunsch hin werden wir entsprechende Grundschuldteile unserer Wahl an Sie abtreten oder Löschungsbewilligung erteilen, so daß Ihnen daraus keine Ansprüche aus Überbesicherung entstehen, die gegen uns geltend gemacht werden könnten.
Kim Metzger
Mexico
Local time: 08:29
mortage
Explanation:
It is regarded as contractual that we hold subordinated mortgage amounts that exceed the total loan amounts available to you as fiduciary... This is a bit rough b/c I am rushing. I would be pleased to proof your translation for you if you wish. Just e-mail.
Selected response from:

Deb Phillips (X)
Grading comment
Many thanks to Debbie for this one and the voluntary proofreading that is saving my neck.
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +3mortgage amounts
Ralf Lemster
4individual/separate mortgage
gangels (X)
4access collateral in form of mortages
Thijs van Dorssen
4land charge
Beth Kantus
4mortage
Deb Phillips (X)
4subordinated mortgage components
Alexander Schleber (X)
5 -2first mortgage
Sven Petersson


  

Answers


18 mins   confidence: Answerer confidence 5/5 peer agreement (net): -2
first mortgage


Explanation:
Has the highest priority in case of default.


    My geriatric brain.
Sven Petersson
Sweden
Local time: 16:29
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in pair: 1641

Peer comments on this answer (and responses from the answerer)
disagree  Ralf Lemster: The text refers to *nachrangige* Grundschuldteile
6 mins
disagree  Trudy Peters: A "nachrangiger Grundschuldteil", for instance, wouldn't be a first mortgage
7 mins
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21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
individual/separate mortgage


Explanation:
I guess one could also say "mortgage tranche", like the term is used in the issuance of debentures.

gangels (X)
Local time: 08:29
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in pair: 5559
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21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
access collateral in form of mortages


Explanation:
short and simple, maybe even correct.

Have you got Löschungsbewilligungen already?

Bye



Thijs van Dorssen
Local time: 16:29
PRO pts in pair: 39
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30 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +3
mortgage amounts


Explanation:
My best guess is that this does not refer to individual mortgages (which are registered separately), but simply any amounts exceeding the level of collateral required at each point. It would be impractical to change the mortgage with every fluctuation in the actual amount drawn on the loan; to avoid excess collateralisation (which could, in turn, result in claims for damages).

Why don't you re-designate the question under "Law"? I guess you will get some more info from the experts in legalese...

Ralf Lemster
Germany
Local time: 16:29
Native speaker of: German
PRO pts in pair: 2684

Peer comments on this answer (and responses from the answerer)
agree  Andy Lemminger: that's it
1 hr
agree  Beate Lutzebaeck
4 hrs
agree  Hans-Henning Judek
8 hrs
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34 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
land charge


Explanation:
Grundschuld land charge, charge on land (or real property) (without personal liability)
Die Grundschuld belastet ein Grundstück in der Weise, daß dieses für die Barzahlung einer bestimmten Geldsumme haftet. Sie unterscheidet sich von der Hypothek dadurch, daß sie zu ihrem Bestand eine Forderung nicht voraussetzt. Es gibt Brief- und Buchgrundschuld.
A Grundschuld creates a charge on real property for the payment of a definite sum of money. It differs from a mortgage in that it may exist without an underlying personal debt. The charge may be certificated or non-certificated.
HTH!

Beth Kantus
United States
Local time: 10:29
Native speaker of: English
PRO pts in pair: 924
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45 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
mortage


Explanation:
It is regarded as contractual that we hold subordinated mortgage amounts that exceed the total loan amounts available to you as fiduciary... This is a bit rough b/c I am rushing. I would be pleased to proof your translation for you if you wish. Just e-mail.


    Reference: http://studium.jura.uni-hamburg.de/materialien/aufgaben/mori...
Deb Phillips (X)
PRO pts in pair: 77
Grading comment
Many thanks to Debbie for this one and the voluntary proofreading that is saving my neck.
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
subordinated mortgage components


Explanation:
mortgage = Hypothek, Pfandverschreibung = im Grundbuch eingetragenes, durch eine Zahlung erworbenes Recht an einem Grubndstück in Form einer Forderung auf regelmäßige Zinszahlungen

So, the mortage that is part of the land registry entry could be composed of a peimùary mortgage, parts of which may have been given as collateral to someone else (or in return for a financial consideration), creating a subordinated mortgage.

Wahrig, Deutsches Wörterbuich
E. Le Docte, Judicial Dictuiionarty in 4 Languages.



Alexander Schleber (X)
Belgium
Local time: 16:29
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in pair: 2426
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