PURUSHOTTAM MITTAL
PURUSHOTTAM MITTAL
49 Years Exp
Mortgage Deed (Show More)
East Delhi , Anandvas Shakurpur
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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 : PURUSHOTTAM MITTAL
Law Firm Name : PURUSHOTTAM MITTAL
Country : India
City : East Delhi
State : DELHI
Practicing Since: 1976
About Your Firm : I am doing practice since 1976 and on Panel of several Banks including State Bank of India, Bank of Baroda, Canara Bank etc., and submitted more than 5000 Title Investigation Reports etc. to these Banks.
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