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Examination of Deeds, Auditing
Examination of Deeds
Make Sure that the mortgage is in the name shown in the advance records;
That there is a document of title to the property within mortgage and that the society's lawyers have been satisfied as to the borrower's title;
The amount of the advance like stated in the mortgage deed is not less than which shown on the advance records;
The mortgage deed is stamped, correctly signed, witnessed and is prima facie in order;
The property is sufficiently insured, the premium is paid up to date and the society's interest as mortgage is endorsed in the insurance policy.
Posted Date: 1/28/2013 3:08:15 AM | Location : United States
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