Sunday 3 February 2019

EQUITABLE MORTGAGE (EQM)

Mortgage by deposit of Original title deeds, with the intention to create equitable mortgage. In some states it is required to be registered with the sub registrar and in some states it is not. To prove the intention an attendance register is maintained at the bank which should be signed by the owner of the property himself.

In case of NRI's the power of attorney holder who is the close relative of the NRI can create mortgage on behalf of the NRI. Bank may accept power of attorney executed before the Indian Embassy official.

6 comments:

  1. Life insurance for elderly parents has become an important part of securing your family’s future and taking care of your elderly parents at the same time. Life insurance for your elderly parents

    ReplyDelete
  2. Hi there, I read your blogs on a regular basis. Your humoristic style is witty, keep it up! Thank You for Providing Such a Unique and valuable information, If you are looking for the best residential bridging loans, then visit Tiger Financial Ltd.I enjoyed this blog post.

    ReplyDelete
  3. This is a great experience of why the financial market monetarists how to get money back after being scammed online have it right. Inflation is not a useful measure to guide financial policy. Thanks for sharing,

    ReplyDelete
  4. The UK’s private debt remains high by historical and international standards and a significant concern. The rise in high cost household debt is putting increased financial burden on the poorest people. helpwithdebtguide.co.uk

    ReplyDelete
  5. Great to know this information, its really very useful for us to know about public case investment.

    India's top stock broker
    India stock brokers

    ReplyDelete