Mortgage

Mortgage Law
Mortgage is a form of collateral, guaranteeing the lender a refund of borrowed funds. The owner of the property can use the mortgaged property. If the borrower does not fulfill the obligations, the credit institution uses the pledged property to cover the debt.

The Federal Law "On Mortgage (Pledge of Real Estate) regulates grounds for the appearance of a mortgage and its settlement; obligations secured by a mortgage; mortgage requirement; general rules for concluding a mortgage agreement; Ensuring the security of property pledged under a mortgage agreement; state registration of a mortgage and etc.

Right of ownership
The right of ownership and the other rights of estate to the immovables, the restriction of these rights, their arising, transfer and cessation shall be liable to the state registration in the Unified State Register, effected by the institutions of justice. Subject to the registration is be:
 * the right of ownership
 * the right of economic management
 * the right of operative management
 * the right of the inherited life possession
 * the right of the permanent use
 * the mortgage
 * the servitudes
 * and also the other rights in the cases, stipulated by the present Code and by the other laws.

Concept of property
By force of the law, the creditor by the obligation, guaranteed against by the pledge, has the right of priority before the other creditors of the person, to whom the property belongs, in the case of the debtor's non-discharge of this obligation, to be satisfied from the cost of the pledged property after the deductions, established by the law.

The pledge of the land plots, the enterprises, the buildings, the structures, the flats and of the other immovable property (the mortgage) shall be regulated by the Law on the Mortgage. The general rules on the pledge, contained in the present Code, shall be applied to the mortgage in the cases, for which no other rules have been laid down by the present Code or by the Law on the Mortgage. Ownership of mortgage by foreigners is subjected to obtaining a certificate of ownership.

Source
THE CIVIL CODE OF THE RUSSIAN FEDERATION, Article 131,132, 143, 275, 338-358