Can an undivided property of an individual be mortgaged in any bank? If it is possible, please quote the law.
Thanks
saurabh (Student) 26 April 2010
Can an undivided property of an individual be mortgaged in any bank? If it is possible, please quote the law.
Thanks
bhagwat patil (Property due diligence 9422773303) 26 April 2010
NOC of other holders is needed.
pranjal Dongaonkar (Practice) 15 September 2010
If X, Y & Z are the joint-owners and X wants to obtain loan over the said property then X will be the Borrower & X, Y & Z all becomes Mortgagors.
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