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Chetan (Advocate)     18 December 2008

Equitable Mortgage

1) What is meant by Equitable Mortgage

2) How to made / and how to register ;

    in whose favour it can be made

3) Any format pls provide

REgards

 



Learning

 1 Replies

mahendra rai jain (advocate)     19 December 2008

A mortgage is the transfer of an interest in property (or in law the equivalent - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is lender's security for a debt. It is a transfer of an interest in land (or the equivalent), from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.


for more detail about mortgage just visit the link below..


https://en.wikipedia.org/wiki/Mortgage


 


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