Abhishek Narayan Kundgolkar

 Abhishek Narayan Kundgolkar

 19 Years Exp

 Mortgage Deed (Show More)

 Belgaum , Belgaum Camp

 View Answers by this Partner (1)

 Profile Views : 8611

Information

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 : Abhishek Narayan Kundgolkar

Law Firm Name : Abhishek Narayan Kundgolkar

Country : India

City : Belgaum

State : KARNATAKA

Practicing Since: 2006

About Your Firm : I am an Independent lawyer. Working another law firm. Myself have independent briefs. Also conduct property search for leading banks.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Sachin P. Bichu Maharastra
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Subject :  Property Fraud
Question :  I purchased 3 non-NA plots from a seller on the condition that he will NA those plots in next 3 months. After 3 months, he started making reasons that the land has some problems. He asked us to wait for some time. Now Its been 7 years and he is giving me the same reason. I requested him to at least pay the money back but he is unnecessarily delaying that for the past 1 year. The seller is neither interested in giving me the plots nor the money back. How can I file a case against that fraudulent seller? Or what could be the best way to recover my money?

Answer by Abhishek Narayan Kundgolkar :  It is not mentioned under what deed you have purchased the said non NA plots. Because on the said deed only your claim will rest. Further there is already a delay of well over 7 years. My opinion will be only after verifying further contents of the deed and document executed between you and that person.