Upgrad LLM

mortgage


Will the right of redemption exist even after the sale of the mortgaged property. Could anyone provide case laws

 
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Advocate 98410 53790

How is it possible?

 
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Advocate,

'R' Mortgages property to 'E': 
After some time

'R' sells the property to 'B'-------Possible

Now Sale by "R"  to 'B' is subject to Mortgage

Hence redemption by 'B' from 'E' --Possible and right is transferred by 'R' to 'B' by Sale.

Right of redemption exists but with purchaser of property.

 
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