Property document pledging

vignesh k (Querist) 12 July 2012 This query is : Resolved

Dear sir,

can you describe in simple words and can i grant him loan or not and what type of memorandum should be prepared and were it should be stamped please let me know waiting for your great reply

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Trivedi Advocate (Expert) 12 July 2012
Dear Vignesh,

A mortgage is the pledging of a property to a lender as a security for a mortgage loan. Hence, security for the home loan is normally provided through the deposit of title deeds.The title should be clear and marketable. It should be stamped.

Devajyoti Barman (Expert) 12 July 2012
Please engage a local advocate.

ashutosh mishra (Expert) 12 July 2012
open several threads and get confused.

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