Negotiable Instruments: Exhaustive Coverage by Adv Roma Bhagat. Register Now!
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saurabh (Student)     26 April 2010

Simple mortgage against Undivided property of an Individual

Can an undivided property of an individual be mortgaged in any bank? If it is possible, please quote the law.



 2 Replies

bhagwat patil (Property due diligence 9422773303)     26 April 2010

NOC of other holders is needed.

pranjal Dongaonkar (Practice)     15 September 2010

If X, Y & Z are the joint-owners and X wants to obtain loan over the said property then X will be the Borrower & X, Y & Z all becomes Mortgagors.

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