22-Sep-2022 09:09 PM
Sir, in lecture 57 you had taught the concept of Second and subsequent Mortgage. Will a bank usually allow the second and subsequent mortgages to other banks? Sir my second doubt connecting to the previous question is, won't the 1st Bank hold with themselves until the loans have been repaid, the Title Deeds of the particular property of a company in which the 1st charge has been made? If so the Bank holds the Title Deeds, why would it hand over those Title Deeds to another bank in the second and subsequent mortgages? Without the Title Deeds will those subsequent banks give loans to Companies?