A mortgage is a loan secured by real property through the use of a mortgage note and granting of a mortgage. It involves the transfer of an interest in a specifically identified immovable property from the mortgagor to the mortgagee for the purpose of securing repayment of a loan. There are different types of mortgages that vary based on factors like possession and title transfer of the mortgaged property.
NEGOTIABLE INSTRUMENTS ACT, 1881
STRUCTURE
1.0 Objectives
1.1 Introduction
1.2 Meaning of Negotiable Instruments
1.3 Characteristics of a negotiable instrument
1.4 Presumptions as to negotiable instrument
1.5 Types of negotiable Instrument
1.5.1 Promissory notes
1.5.2 Bill of exchange
1.5.3 Cheques
1.5.4 Hundis
1.6 Parties to negotiable instruments
1.6.1 Parties to Bill of Exchange
1.6.2 Parties to a Promissory Note
1.6.3 Parties to a Cheque
1.7 Negotiation
1.7.1 Modes of negotiation
1.8 Assignment
1.8.1 Negotiation and Assignment Distinguished
1.8.2 Importance of delivery in negotiation
1.9 Endorsement
1.10 Instruments without Consideration
1.11 Holder in Due Course
Contract of agency, features of agency and termination agencyFAST NUCES
The presentation is abut the contract of agency. it contains the essentials features required for a agency. Moreover, it also includes the purpose of agency and kinds of agent. further, it is also providing termination of agency.
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
NEGOTIABLE INSTRUMENTS ACT, 1881
STRUCTURE
1.0 Objectives
1.1 Introduction
1.2 Meaning of Negotiable Instruments
1.3 Characteristics of a negotiable instrument
1.4 Presumptions as to negotiable instrument
1.5 Types of negotiable Instrument
1.5.1 Promissory notes
1.5.2 Bill of exchange
1.5.3 Cheques
1.5.4 Hundis
1.6 Parties to negotiable instruments
1.6.1 Parties to Bill of Exchange
1.6.2 Parties to a Promissory Note
1.6.3 Parties to a Cheque
1.7 Negotiation
1.7.1 Modes of negotiation
1.8 Assignment
1.8.1 Negotiation and Assignment Distinguished
1.8.2 Importance of delivery in negotiation
1.9 Endorsement
1.10 Instruments without Consideration
1.11 Holder in Due Course
Contract of agency, features of agency and termination agencyFAST NUCES
The presentation is abut the contract of agency. it contains the essentials features required for a agency. Moreover, it also includes the purpose of agency and kinds of agent. further, it is also providing termination of agency.
These slides will give overview of the Debt Recovery Tribunal and its Working of the Tribunal. Further it will help in understanding the requirements for filing an application under the Act.
Here is a brief overview of the Arbitration Act with a simple and easy to understand language. Very useful for beginners who are finding difficulty in learning alternative methods of dispute resolution.
the present power point presentation deals with the subject transfer of property act section 41 which talks about ostensible ownership. The ppt will be very helpful in understanding the topic and covers the relevant case laws for the same in a summarized way in 8 slides.
he Specific Relief Act, 1963 is an Act of the Parliament of India which provides remedies for persons whose civil or contractual rights have been violated. It replaced an earlier Act of 1877. The following kinds of remedies may be granted by a court under the provisions of the Specific Relief Act:
Recovery of possession of property
Specific performance of contracts
Rectification of instruments
Rescission of contracts
Cancellation of Instruments
Declaratory decrees
Injunction
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
This is a Presentation that seeks to educate & inform the reader about the basics of Power Of Attorney. Along with
a brief explaination about the concept it also elucidates on the need, types, validity and the precautions to be followed while making a POA. It is of special importance to NRIs since it gives them an understanding of this crucial issue. We hope it would help all overseas citizens to take better decisions while handling legal issues.
Mortgage Banking Seminar is part of the continuing series of training presentations for the Financial Services Industry. Check out our other presentations in this series and contact Saunders Learning Group if you have training needs. We can help, we have been doing training in the financial services industry for 30 years.
Here is a brief overview of the Arbitration Act with a simple and easy to understand language. Very useful for beginners who are finding difficulty in learning alternative methods of dispute resolution.
the present power point presentation deals with the subject transfer of property act section 41 which talks about ostensible ownership. The ppt will be very helpful in understanding the topic and covers the relevant case laws for the same in a summarized way in 8 slides.
he Specific Relief Act, 1963 is an Act of the Parliament of India which provides remedies for persons whose civil or contractual rights have been violated. It replaced an earlier Act of 1877. The following kinds of remedies may be granted by a court under the provisions of the Specific Relief Act:
Recovery of possession of property
Specific performance of contracts
Rectification of instruments
Rescission of contracts
Cancellation of Instruments
Declaratory decrees
Injunction
,
modes of charging
,
modes of charging security
,
different modes of creating charge
,
essentials of pledge
,
documents required for pledge
,
liquid asset
,
different forms of liquid assets
,
supplies of liquid assets
,
demand of assets
elationship between banker and customer
,
definition of a banker and customer
,
definition of banking
,
general relationship between banker and customer
,
relationship as debtor and creditor
,
special relationship: banker as trustee
,
pawner and pawnee
,
bailer and bailment relationship
,
mortgager and mortgagee relationship
,
executer
,
attorney
,
guarantor
,
duties of a customer
,
rights and duties of the banker towards the custom
,
rights of a banker
,
garnishee order
This is a Presentation that seeks to educate & inform the reader about the basics of Power Of Attorney. Along with
a brief explaination about the concept it also elucidates on the need, types, validity and the precautions to be followed while making a POA. It is of special importance to NRIs since it gives them an understanding of this crucial issue. We hope it would help all overseas citizens to take better decisions while handling legal issues.
Mortgage Banking Seminar is part of the continuing series of training presentations for the Financial Services Industry. Check out our other presentations in this series and contact Saunders Learning Group if you have training needs. We can help, we have been doing training in the financial services industry for 30 years.
Mortgage Basics provides information about mortgage products and programs that will help real estate agents realize success. Topics include:
- when you need to ask for more time to close,
- property types and characteristics that might be more difficult to sell (and how to sell them),
- how to use various products/programs to help increase a buyer's purchasing power.
ABOUT A SALE DEED
Sale Deed is also known as conveyance deed. This is the document by which the seller transfers his right to the purchaser, who, in turn, acquires an absolute ownership of the property. This document is executed subsequent to the execution of the sale agreement and after compliance of various terms and conditions detailed in the sale agreement.
For More......:
http://advocateselvakumar.com/
What is the real cost of a mortgage? Should you be paying off your mortgage as fast as possible? If so, what is the safest way to do it? We show our clients how to lower their mortgage interest payments and total cost while maintaining access to their equity, without any changes to their current spending habits.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
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Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Mortgage
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
A. Lakshminarayanan
Advocate
Altacit Global
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
2. Introduction
CHENNAI
A mortgage is a loan secured by real
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 property through the use of a
mortgage note which evidences the
BANGALORE
Suite 920, Level 9,
Raheja Towers,
existence of the loan and the
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
encumbrance of that realty through
the granting of a mortgage which
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
secures the loan. However, the word
mortgage alone, in everyday usage, is
EMAIL
most often used to mean mortgage
loan.
info@altacit.com
WEBSITE
www.altacit.com
3. Death Contract
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
The word mortgage is a French Law
BANGALORE
Suite 920, Level 9,
Raheja Towers,
term meaning "death contract",
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
meaning that the pledge ends (dies)
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
when either the obligation is fulfilled
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 or the property is taken through
foreclosure.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
4. Definition
CHENNAI
3rd Floor, ‘Creative Enclave’,
Sec. 58 of the Transfer of Property Act, 1882 defines mortgage
148-150, Luz Church Road,
Mylapore, as -
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 A mortgage is the transfer of an interest in specific
BANGALORE
Suite 920, Level 9,
immoveable property for the purpose of securing the payment
Raheja Towers,
26-27, M G Road, of money advanced or to be advanced by way of loan, an
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 existing or future debt, or the performance of an engagement
COIMBATORE which may give rise to a pecuniary liability.
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
The transferor is called a mortgagor, the transferee a
mortgagee; the principal money and interest of which
payment is secured for the time being are called the
mortgage-money, and the instrument (if any) by which the
transfer is effected is called a mortgage-deed.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
5. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Essentials of a Mortgage
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
6. Transfer of Interest
CHENNAI
3rd Floor, ‘Creative Enclave’,
The first thing to note is that a mortgage is a transfer of
148-150, Luz Church Road,
Mylapore, interest in the specific immovable property. The mortgagor as
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 an owner of the property possesses all the interests in it, and
BANGALORE when he mortgages the property to secure a loan, he only
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
parts with a part of the interest in that property in favour of
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
the mortgagee. After mortgage, the interest of the mortgagor
COIMBATORE
is reduced by the interest which has been transferred to the
BB1, Park Avenue,
# 48, Race Course Road, mortgagee. His ownership has become less for the time being
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 by the interest which he has parted with in favour of the
mortgagee. If the mortgagor transfers this property, the
transferee gets it subject to the right of the mortgagee to
recover from it what is due to him i.e., the principal plus
interest.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
7. Specific Immovable Property
CHENNAI
3rd Floor, ‘Creative Enclave’,
The second point is that the property must be
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
specifically mentioned in the mortgage deed. Where,
for instance, the mortgagor stated “all of my
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers, property” in the mortgage deed, it was held by the
Court that this was not a mortgage. The reason why
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE the immovable property must be distinctly and
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
specifically mentioned in the mortgage deed is that,
Tel: +91 - 422 – 6552921
in case the mortgagor fails to repay the loan the
Court is in a position to grant a decree for the sale of
any particular property on a suit by the mortgagee.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
8. To Secure the Payment of a Loan
CHENNAI
3rd Floor, ‘Creative Enclave’,
Another characteristic of a mortgage is that the
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
transaction is for the purpose of securing the payment
Tel: +91 - 44 - 2498 4821
of a loan or the performance of an obligation which
BANGALORE
Suite 920, Level 9,
Raheja Towers,
may give rise to pecuniary liability. It may be for the
26-27, M G Road,
Bangalore - 560 001. purpose of obtaining a loan, or if a loan has already
Tel: +91 - 80 - 6546 2400
COIMBATORE
been granted to secure the repayment of such loan.
BB1, Park Avenue,
# 48, Race Course Road, There is thus a debt and the relationship between the
mortgagor and the mortgagee is that of debtor and
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
creditor.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
9. Types of Mortgages
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
• Simple Mortgage
Mylapore,
• Mortgage by Conditional Sale
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
• Usufructuary Mortgage
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
• English Mortgage
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 • Mortgage by deposit of title of deeds
• Anomalous mortgage
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
10. Simple Mortgage
CHENNAI
In a Simple mortgage, the possession
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 of the mortgaged property is not
transferred from mortgagor to the
BANGALORE
Suite 920, Level 9,
Raheja Towers,
mortgagee.
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
If the mortgagor fails to repay the loan,
the mortgagee has the right to sell the
Tel: +91 - 422 – 6552921
property and recover the loan from the
sale amount.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
11. Mortgage by Conditional Sale
CHENNAI
3rd Floor, ‘Creative Enclave’,
Under such Mortgage, the mortgagor apparently
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
sells the property of the mortgagee on certain
conditions –
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
•On failure to repay the mortgage money before a
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400 certain date the sale shall become absolute, or
COIMBATORE
BB1, Park Avenue, •On condition that on such repayment of mortgage
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
money the sale shall become invalid, or
•On condition that on such repayment the
mortgagee shall retransfer the property.
In such case, the mortgagee is a "mortgagee by
EMAIL
conditional sale".
info@altacit.com
WEBSITE
www.altacit.com
12. Usufructuary Mortgage
CHENNAI
3rd Floor, ‘Creative Enclave’,
In a usufructuary Mortgage, the
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
possession of the mortgaged property
is transferred to the mortgagee. The
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
mortgagee receives the income from
the property (rent, profit, interest, etc)
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
until the repayment of the loan. The
title deeds remain with the owner.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
13. English Mortgage
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
In an English Mortgage –
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 • The mortgagor binds himself to repay the
BANGALORE
Suite 920, Level 9,
Raheja Towers,
borrowed money on a certain date.
• The mortgagor transfers the property
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
absolutely to the mortgagee.
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 • But such transfer is subject to the
condition that the mortgagee will
retransfer the property on repayment
before the agreed date.
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
14. Mortgage by deposit of title of deeds
CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
In such mortgage, the mortgagor
BANGALORE
Suite 920, Level 9,
Raheja Towers,
delivers the title document of the
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
property to the mortgagee with an
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
intention to create a security thereon.
Coimbatore - 641018.
Tel: +91 - 422 – 6552921 Such mortgage is valid in towns of
Kolkatta, Mumbai and any other town
as the State Government may notify by
EMAIL
publication in Official Gazatte.
info@altacit.com
WEBSITE
www.altacit.com
15. Anomalous mortgage
CHENNAI
Anomalous mortgage is a combination
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821 of different types of mortgages. A
mortgage which does not fall strictly
BANGALORE
Suite 920, Level 9,
Raheja Towers,
into any of the above mortgages is an
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
anomalous mortgage.
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
16. CHENNAI
3rd Floor, ‘Creative Enclave’,
148-150, Luz Church Road,
Mylapore,
Chennai - 600 004.
Tel: +91 - 44 - 2498 4821
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 6546 2400
COIMBATORE
BB1, Park Avenue,
# 48, Race Course Road,
Coimbatore - 641018.
Tel: +91 - 422 – 6552921
EMAIL
info@altacit.com
WEBSITE
www.altacit.com