Best Mortgage Lawyers in Israel

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ISMAIL & Co. Law Firm
Jerusalem, Israel

Founded in 1976
50 people in their team
Hebrew (modern)
English
High-standard legal representation has been the hallmark of our firm since it was founded in 1976 by attorney Yosef Ismail in Jerusalem. During our 50 years of activity, we have provided professional and personal legal advice in the following areas: Real estate: second-hand apartment...
Barnea Law Firm
Tel Aviv, Israel

Founded in 2003
200 people in their team
Hebrew (modern)
English
Arabic
Our firm has an exceptional reputation for cross-border activity, with 70% of our legal work having an international dimension. We represent both foreign clients coming to do business in Israel and Israeli clients doing business overseas.Barnea Jaffa Lande is a leading commercial law firm in...
Eli Druker Attorney At Law
Netanya, Israel

1 people in their team
English
Eli Druker Attorney At Law is a Netanya-based practice focused on personal injury, labor law, real estate and corporate registration matters. The firm concentrates on traffic accidents, workplace injuries, medical negligence and insurance claims, combining practical courtroom experience with...
Dnhirs Co., a law firm
Jerusalem, Israel

English
Danhirsh & Co. is a boutique corporate law firm in Israel, offering a comprehensive "one-stop shop" approach that combines extensive national and international resources with personalized, dedicated professional care. This unique model enables the firm to provide a service range, capacity, and...

Founded in 2000
50 people in their team
Hebrew (modern)
English
Arabic
Wise people choose a family lawyer, like a doctor, once and for life. After all, this person will become your reliable companion in the world of complex legal nuances and will help you avoid any problems with the law. The Patkin and Partners law office is the best solution in choosing such a...
Amit, Pollak, Matalon & Co.
Jerusalem, Israel

Founded in 1956
120 people in their team
English
Amit, Pollak, Matalon & Co. is a leading Israeli law firm known for sophisticated counsel across corporate, technology, disputes, real estate and intellectual property matters. Founded in 1956 by Adv. Nahum Amit, the firm advises Israeli and international clients from offices in Tel Aviv and...

Founded in 1928
500 people in their team
Hebrew (modern)
English
Arabic
EBN - Erdinast, Ben Nathan, Toledano is a premier full-service law firm and one of Israel’s most prominent and fastest growing law firms with over 160 lawyers across multiple practice areas and disciplines.Our first-class pedigree, international training and hands on experience regularly earns...
Mor & Co.   Law Firm & Notary
Jerusalem, Israel

Founded in 2011
50 people in their team
Hebrew (modern)
English
Arabic
We specialize in the fields of civil and administrative law and provide comprehensive legal consulting and support services. The range of legal services we offer includes managing negotiations, drawing up agreements and managing lawsuits in all courts in Israel. All of this is offered under...
Lawyer Yaakov Shnitman
Haifa, Israel

Founded in 2000
50 people in their team
Hebrew (modern)
English
Arabic
Law Office and Notary of Yaakov ShnitmanLawyer Yaakov Shnitman, who heads the legal office of lawyers and notaries, has been considered one of the leading experts in the field of labor law in Israel for more than two decades.The team of highly qualified specialists of the legal office “Yaakov...
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About Mortgage Law in Israel:

Mortgage law in Israel regulates the borrowing of money to purchase real estate and other properties. It involves an agreement between a borrower and a lender, where the property is used as collateral for the loan. If the borrower fails to repay the loan, the lender can foreclose on the property to recover the debt.

Why You May Need a Lawyer:

You may need a lawyer for various reasons related to mortgages in Israel, such as reviewing or drafting mortgage agreements, negotiating with lenders, resolving disputes, and handling foreclosure proceedings. A lawyer can help protect your rights and ensure that your interests are represented in legal matters related to mortgages.

Local Laws Overview:

In Israel, mortgage law is governed by various statutes and regulations, including the Land Law, the Mortgage Law, and the Land Registration Law. These laws outline the rights and obligations of borrowers and lenders, the procedures for registering mortgages, and the legal remedies available in case of default.

Frequently Asked Questions:

1. What is the usual term for a mortgage in Israel?

Typically, mortgages in Israel have a term of 20-30 years, but shorter or longer terms are also possible depending on the agreement between the borrower and lender.

2. What is the difference between a fixed-rate and adjustable-rate mortgage?

A fixed-rate mortgage has a set interest rate for the entire term of the loan, whereas an adjustable-rate mortgage has an interest rate that can change periodically based on market conditions.

3. Can a foreigner get a mortgage in Israel?

Yes, foreigners can qualify for a mortgage in Israel, but the requirements may vary depending on the lender and the borrower's residency status.

4. What is mortgage insurance, and is it required in Israel?

Mortgage insurance is not mandatory in Israel, but some lenders may require it to protect against default or other risks associated with the mortgage.

5. Can I refinance my mortgage in Israel?

Yes, borrowers can refinance their mortgages in Israel to take advantage of lower interest rates, extend the loan term, or make other changes to the loan agreement.

6. What are the consequences of defaulting on a mortgage in Israel?

If a borrower defaults on a mortgage in Israel, the lender can foreclose on the property, sell it, and use the proceeds to recover the outstanding debt. The borrower may also face legal action and damage to their credit rating.

7. How can I negotiate better mortgage terms with my lender?

You can negotiate better mortgage terms with your lender by comparing offers from different lenders, improving your credit score, making a higher down payment, and seeking assistance from a mortgage broker or lawyer.

8. Can a mortgage be transferred to another person in Israel?

Yes, a mortgage can be transferred to another person in Israel through a process known as an assumption. This requires the approval of the lender and the new borrower meeting the lender's qualification criteria.

9. Are there any government programs or incentives for first-time homebuyers in Israel?

Yes, the Israeli government offers various programs and incentives to first-time homebuyers, such as subsidized mortgage rates, tax benefits, and grants. These programs can help make homeownership more affordable for eligible buyers.

10. How can a lawyer help me with a mortgage in Israel?

A lawyer can help you understand your rights and obligations under the mortgage agreement, review and negotiate the terms of the contract, represent you in legal disputes with the lender, and guide you through foreclosure proceedings if necessary.

Additional Resources:

For more information on mortgages in Israel, you can consult the Bank of Israel, the Ministry of Housing and Construction, or the Association of Mortgage Lenders in Israel. These resources can provide valuable insights and guidance on mortgage-related issues.

Next Steps:

If you need legal assistance with a mortgage in Israel, it is advisable to consult with a qualified lawyer who specializes in real estate law. The lawyer can review your mortgage agreement, advise you on your rights and options, and represent you in any legal proceedings related to the mortgage.

Lawzana helps you find the best lawyers and law firms in Israel through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Israel - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.