ILC law Ventures

 Sonu Singh

 10 Years Exp

 Mortgage Deed (Show More)

 East Delhi , Bankner

 View Answers by this Partner (0)

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Overview

A mortgage deed is a document that gives a lender (also known as a mortgagee) the legal right and interest in a property. A mortgage allows a borrower (also known as a mortgagor) to pledge his home or any such property as security for a loan; the mortgage deed represents the lender's ownership in the property.

A simple mortgage gives two-fold rights to a mortgagee: i) a covenant on the part of the mortgagor to pay the debt; and ii) the right granted to the mortgagee to realise his dues from and out of the property mortgaged to him. These rights also gives the mortgagee the power to proceed in the Court should the mortgagor be in breach of any of the two rights granted to the mortgagee. In a simple mortgage, the security is two-fold: one is the property and the other is the personal obligation.


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Name : Sonu Singh

Law Firm Name : ILC law Ventures

Country : India

City : East Delhi

State : DELHI

Practicing Since: 2015

About Your Firm : We are reputed law firm working last 3 years all over Delhi.

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 Legal & Drafting

  Power of Attorneys ( Revoke/cancel Power of Attorney )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
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  Registration Assistance ( Agriculture Land )
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  Procure Revenue Documents ( Certified copy of registered documents )
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 NRI Services

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