What is difference between mortgage deed and sale deed?

880 votes

No they are not the same. Mortgage deed is executed when you are obtaining a loan against a immovable property. There you are not transferring absolute tiltle n ownership of the property.
Whereas in a sale deed you are transferring your entire right, title, interest n ownership over the immovable property to the purchaser absolutely for a valid consideration.

Advocate Pradeep Kumar Bharadwaj LawRato

847 votes

The main difference is that the Sale Deed transfers the legal title of property from one person to another in case of a sale. ... In law, conveyance is the transfer of legal title of property from one person to another. It may also refer to the granting of an encumbrance such as a mortgage or a lien.

Advocate Bathe Gowda K V LawRato

849 votes

Both are different,

The sale Deed is absolute transfer of right for a Valid Consideration. Once the Sale is concluded the Vendor lose his complete right, title over the said property. The purchaser will stands in the vendor shoe and enjoye the complete right over the property.

In mortgage all rights title will be with the seller only. Only the symbolic possession is hand overing for a certain period / temporary period.only for any security deposit. It is in the form of hypothete of property for a certain period only. .

Advocate M Lakshmikanth Arya LawRato

414 votes

Sale is the exchange of money for ownership in a property. Mortgage is the exchange of an immovable interest as security for a loan or a debt or liability.

Advocate Chikirsha Mohanty LawRato