Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it possible to create a mortgage by mere delivery or deposit of title deeds?

April 26, 2017create Deeds DELIVERY deposit Mere mortgage possible title

0

Posted

Is it possible to create a mortgage by mere delivery or deposit of title deeds?

1 Answer

0

Posted

It is possible to create a mortgage by mere deposit of the title deeds. However such deposit must be backed with an intention to secure the debt with the said property. Such a mortgage need not be written and registered. It is an oral transaction.