About this document
Understanding Purchase Money Mortgages by Gaurav Goyal is a document available to read on EtoBox.
The document discusses various types of mortgages under Indian law: 1. Simple mortgage where the mortgagor retains possession but is personally liable for repayment. If they default, the mortgagee can sell the property. 2. Mortgage by conditional sale where possession transfers to the mortgagee, but the mortgagor can redeem the property by a certain date. If they fail to pay, the mortgagee must foreclose through the courts. 3. Usufructuary mortgage where the mortgagor transfers possession and profits f
- Author
- Gaurav Goyal
- Language
- EN