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Sanjay Wathare   19 September 2018

EQUITABLE MORTGAGE

I have liquidated housing loan in 2018 taken from SBI in 2006. Equitable Mortgage was created and charge created at City Survey office. I have letter addressed to city survey office from SBI for vacating charge. City survey office is asking for intimation registration of EM. Please guide


 1 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     19 September 2018

An equitable mortgage in which the lender is secured by taking possession of all the original title documents of the property that serves as security for the mortgage. It gives the mortgagee the right to foreclose on the property, sell it, or appoint a receiver in case of nonpayment.


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