Enforceabily of third party mortgage


Does personal guarantee of third party mortgagor is mandatory?
 
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practising Advocate

No its not mandatory.

 
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Lawyer

What do you mean by a "third party mortagagor"?

 
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practising Advocate

A raises loan against property from Bank B , the loan is srecured against the property of C , who mortgages his property.

Here C shall be a third party Mortgagor.

 
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