0
The legal mortgage in land registry transfers the estate or interest in land or other property for securing the repayment of debt.Since the legal title can only be transferred once by the current owner(mortgagor) to a mortgagee,it follows that only the first mortgage can hold this distinct status.A legal mortgage is therefore a document in which the direct conveyance of title is involved subject to the repayment of a debt.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What are the legal rights of a cosigner on a mortgage?
legal rights of cosigner on mortgage
Why do banks prefer legal mortgage to equitable mortgage?
Equitable mortgages are legal.
What is a puisne mortgage?
A legal mortgage of unregistered land in which the mortgagee does not keep the title deeds of the land as security.
Is it legal to transfer your mortgage to your family member?
It depends, and if ever it is possible the family member that you would transfer your mortgage to, would be liable for the repayment of the debt of your mortgage.
What is the legal age to sign a mortgage loan in Tennessee?
The legal age to sign any contract is 18.
What are the legal rights of a cosigner on a mortgage?
legal rights of cosigner on mortgage
Why do banks prefer legal mortgage to equitable mortgage?
Equitable mortgages are legal.
What is the Legal framework for mortgage in Nigeria?
what is the legal frame work for mortgage of land in nigeria
Legal age to sign mortgage documents in Michigan?
In Michigan, the legal age to sign mortgage documents is 18 years old. Minors are not legally able to enter into a mortgage contract on their own. Any individual under the age of 18 would need a legal guardian or parent to co-sign the mortgage with them.
If the deed of the house is in your husbands and your name and you are paying the original owners mortgage what are your legal rights to the home?
You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.
What do you mean by deed of priority from legal angle?
mortgage
What is a puisne mortgage?
A legal mortgage of unregistered land in which the mortgagee does not keep the title deeds of the land as security.
Is it legal to transfer your mortgage to your family member?
It depends, and if ever it is possible the family member that you would transfer your mortgage to, would be liable for the repayment of the debt of your mortgage.
What is the difference between a legal charge and a mortgage?
A mortgage is a loan secured by real property.A legal charge in some jurisdictions is the right a lender has to take that property if the loan is not paid back.
What is the legal age to sign a mortgage loan in Tennessee?
The legal age to sign any contract is 18.
What is a mortgage assigned?
A mortgage assignment is a legal document whereby a lender transfers all its rights under a note and mortgage to another lender. The property owner continues to make their payments to the new owner of that mortgage.
Can an attorney a deed?
Can an attorney sign a mortgage deed/legal charge?
