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suraj   09 June 2015

Enforceabily of third party mortgage

Does personal guarantee of third party mortgagor is mandatory?


Learning

 3 Replies

Ajit Singh Cheema (practising Advocate)     10 June 2015

No its not mandatory.

Dr J C Vashista (Advocate)     10 June 2015

What do you mean by a "third party mortagagor"?

Ajit Singh Cheema (practising Advocate)     10 June 2015

A raises loan against property from Bank B , the loan is srecured against the property of C , who mortgages his property.

Here C shall be a third party Mortgagor.


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