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mortgage
#1
A mortgage is the transfer of interest in specific immovable property , for the purpose of securing the payment of money advanced or to be advanced by way of loan, existing or future debt or the performance of an engagement which may give rise to a pecuniary liability.

the transferor is called mortgagor and the transferee a mortgagee the principal money and interest of which payment is secured is called mortgagor money and the instrument by which the transfer is effected is called the 'mortgage deed '

mortgage of land- various type
six different type of mortgages.
1. simple mortgage
2. mortgage by conditional sale
3. usufructuary mortgage
4. english mortgage
5. mortgage by deposit of title deeds (equitable mortgage)
6. anomalous mortgage
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