Legal implications on conditional sale of mortgage property
12-Aug-2023 (In Property Law)
Sir I did a registered mortgage by conditional sale to a person in 2006.according to deed if mortgagor donot pay the loan in specified duration (4 years) the deed convert in absolute sale and I(mortgagee) will be the owner of property and get possession of property. the person (mortgagor) didn't pay the debt amount after and before the specific time duration 11/10/2010.after date I request him many times to give money and return his lone.but he refused all time.in 2012 April i need to money urgent so I sale to mortgage property to a person (A) by registered sale deed.person A get possession and mutation in his name in govt record. person A paying property tax since 2012 to till now.now the son of mortgagor come to me and said I will give your amount and return my land otherwise I will go to court and case against you.sir I want to know can the person who purchased land to me in 2012 face any problem and can court reject sale deed of person A.
What is the difference between sale and gift?
In a sale agreement, the property is transferred in exchange of something else, such as money or another item. In a gift deed, the property is transferred only.
Is sale deed and mortgage deed same?
The Sale Deed is the main difference. It transfers legal title to property from one party to another when a sale occurs. ... The transfer of title to property is known as conveyance in law. It can also be used to describe the grant of an encumbrance, such as a loan or lien. 22-Dec-2018
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Charges are a form of security placed on property as a way to pay off a debt. 01-Jan-2023
What is the difference between English mortgage and mortgage by conditional sale?
The English mortgage is the one that is final from the start. However, a conditional mortgage is not. 08-Dec-2022
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