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what is equitable mortgage


what is equitable mortgage
 
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Hi

Thank you for asking this question

An Equitable Mortgage- 1. It is an agreement  signed between Lender and Borrower

                                       2. Title Deed & Property Documents  deposited with Lender.

                                       3. Stamp Duty is Low.

                                       4. After Payment of Dues Lender hands over all property docum-                                               ents to Borrower and gives "NO" dues Certificate.

                                       5. Process is simple  without hassles.

                                       6.  Risk is higher.Chances of multiple mortgages.Seller may sell

                                            the property w/o Buyer knowing about Mortgage Loan.

Hope this will help you

Best regards

Akshay Gupta

 
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