Arora legal experts
Advocate Payal Arora
12 Years Exp
Mortgage Deed (Show More)
Mumbai , Liberty Garden
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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 : Advocate Payal Arora
Law Firm Name : Arora legal experts
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 2013
About Your Firm : We provide civil and criminal law solutions.
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