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Mortgage, what is mortgage explained in simple and easy way, Advocate Sowjanya
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It is a transfer of an interest in specific immovable property.
It creates right in rem.
Mortgage comes into existence by act of parties.
In mortgage debt is necessary.
Mortgage may be enforce against subsequent transferee.
(That is, the bonafide purchaser for value with or without notice).
Where the value of the property mortgage is Rs 100/- or upwards (except deposit of documents of title deeds) requires registration.
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