mortgage redemption
john k
(Querist) 27 August 2014
This query is : Open
Sir, we are in a process of redeeming our house which was mortgaged for several years without any documentation done from either side neither any land docs submitted to mortgagee. The mortgagee sold it to third party saying that my father sold it him, now whatever the circumstances are, both the mortgagee and the 3rd party buyer are willing to compromise with a certain amount of which we also agreed. Sir now what i'd like to know is should i mention both the parties (mortgagee, buyer) or only the mortgagee in the compromise document. What should i do. Would be grateful...!