Admit Sign Mortgage Deed For Free

In case of a registered mortgage, it is necessary to take the approval of the sub-registrar to finalize the agreement. You need to pay the stamp duty to get your mortgage registered. Registered mortgages are a safer option than simple mortgages as they offer a full-proof document of your transaction with the lender.

A simple mortgage is a system wherein the borrower gives his/her property to the lender to get a loan. Both the parties sign the agreement for the transaction. In a simple mortgage arrangement, the borrower gives rights to sell the property to the lender in case he/she fails to repay the loan.

Simple Mortgage: In a simple mortgage, the mortgagor retains the possession of the property with himself, covenants personally to pay the mortgage money, and agrees that in default of payment the mortgagee shall have the right of realising the debt by causing the property to be sold under an order of court.

If the mortgage has been declared illegal for being unregistered and the mortgagee has been in possession of that land for more than 12 years then after 12 years, the mortgage becomes valid.

(1961 MPLJ 1225) that the unregistered mortgage deed was not admissible in evidence and, therefore, it cannot be said that Dashrath Lal Jain had...principal money secured is one hundred rupees or upwards, a mortgage, other than a mortgage by deposit of title-deeds, can be effected only by a registered instrument.

[________] and lying bearing and situate at ____________________ within the city/village limits of [______] registration sub-district [______] and district [_______] (hereinafter referred to as the ?Mortgaged Premises?) and described in the Schedule hereunder written as a security for repayment and payment of the said ...

To be validly executed as a deed, each individual must sign the document in the physical presence of a witness. The witness must be an independent person such as a friend, neighbour or work colleague. They cannot be a relative, nor be another party to the deed.