Euitable Mortgage

sanjay singh thakur (Querist) 07 March 2009 This query is : Resolved
Dear All
Please provide me valuable information as to whether such Title Deed whose Title Holder is not alive can be given for Equitable Mortgage by making all the legal heirs as Guarantors to the bank or not and secondly whether there is any provision in law for the same.

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V.V.RAMDAS (Expert) 07 March 2009
Dear Sanjay
yes all the legal heirs can give the title deeds(original)for EquitableMorgage as Guarantors to the Bank after providing the legal heir certificate to the Bank obtaining from the competant authority .Please go through the T.P.Act for provision of Law.