86+ Lawyers are online 
Is power of sale to mortgagee legal and valid?
22-Jan-2023 (In Property Law)
Is power of sale to a mortgagee without court intervention, legal and valid in a mortgage contract ?
If your mortgage deeds says about transfer of property in case of non payment of mortgage money, after stipulated period Mortgagor can insist the Mortgagee to execute sale deed by sending notice with RPAD.
Helpful?
18+
18+
Adv. Santhana Lakshmi
Chennai | 25+ Answers
CONTACT NOW
In sarfase act the banks and financial institutions themselves or through their authorised person appointment by the reserve bank are entitled to bring the properties of the mortgagor in auction which the properties are secured for bank loan, on obtaining permission from magistrate of concern jurisdiction
Helpful?
15+
15+
Adv. B.A.Zahirudeen
Mayiladuthurai | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
