Legal Question in Real Estate Law in
Case A firm has margaged 4 property to a bank and equitable mortgage transation has been done for 4 properties. Now firm wants to release one property out of the four properties. So as per EQ. Mortgage Transaction bank should release one property or not?
Asked on 10/10/10, 4:21 am
1 Answer from Attorneys
Vishwa Arya
Arya & Co.
yes, the bank cannot hold one property if you are making prorata payment
Answered on 10/10/10, 4:50 am
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