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balasubramanyam (practice)     22 April 2021

about morgage

can the mortgagee transfer the mortgage to 3rd person for consideration without the consent of mortgagor


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 3 Replies

SHIRISH PAWAR, 7738990900 (Advocate)     22 April 2021

Hello,

No, the mortgagor cannot transfer the mortgaged property to a third person. The mortgagor can realise the property for recovery of his dues. After default in repayment mortgagor has forclosure right. 

Sankaranarayanan (Advocate)     22 April 2021

No is the answer i do endorse experts reply.

Pradipta Nath (Advocate)     22 April 2021

Need to go through the covenants and conditions you entered with the lender Company.


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