Equitable mortgage


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EQUITABLE MORTGAGE, Eng. law. The deposit of title-deeds, by the owner of an estate, with a person from whom he has borrowed money, with an accompanying agreement to execute a regular mortgage, or by the mere deposit, without even any verbal agreement respecting a regular security. 2 Pow. on Mort. 49 to 61; 1 Mad. Ch. Pr. 537; 4 Madd. R. 249; 1 Bro. C. C. 269; 12 Ves. 197; 3 Younge & J. 150; 1 Rus. R. 141.
     2. In Pennsylvania, there is no such thing as an equitable mortgage. 3 P. S. R; 233; 3 Penna. R. 239; 17 S. & R. 70; 1 Penna. R. 447.

References in periodicals archive ?
Auction are invited for Sell of properties Equitable mortgage of plot and house thereupon bearing plot no.
However, the law enumerates several instances when a contract, purporting to be, and in fact styled as, an absolute sale, is presumed to be an equitable mortgage, thus:
ICBA has long disputed the legality of the disparate-impact theory and will work with Congress to advance legislation to ensure federal laws truly support fair and equitable mortgage lending.
Bruce Calabrese, president of Equitable Mortgage in Columbus, Ohio, says the hefty new premiums make "FHA too restrictive and unattractive" for most refinancers in his area, even with slightly higher loan ceilings.
The buyers' lender could not seek an equitable mortgage against a residential seller who wrongly remained the record owner after closing, according to the Appellate Division of the New York Supreme Court.
Auction are invited for Sell of properties Equitable mortgage of house property admeasuring 8 marlas on 8/100 share of total area 60 kanal 0 marlas in khewat no 1026 khatouni no 1797, khasra no 1925(60-0) situated at mohalla hargobind nagar, near mohall sarangpura muktsar (built up area 2275 sq ft) in name of sh.
The issue is secured by first pari passu charge on movable and immovable assets by way of equitable mortgage of immovable properties and hypothecation of movable assets with a 25% margin.
Auction are invited for Sell of properties Equitable mortgage of all piece and parcel of plot measuring 18-1/2 marlas i.
This includes, inter alia, a first exclusive charge over dividend receivables from two IPPs and the assignment of the same in favor of the agent bank, and a first equitable mortgage over land and building of CSPL with a 20% margin.
Auction are invited for Sell of properties Equitable mortgage of house constructed in plot measuring 163 yards comprised in khewat/ khata no 132/249-250 khasra no 1018/809 (2-0), 1020/826 (3-3), 1021/827 (2- 0), 979/846 (2-0), 824/2 (4-5), 858 min (3-3), 859/2 (3-2), 845(6-5) situated at dhakansu kalan, tehsil rajpura as per registered sale deed no.
Auction are invited for Sell of properties All the part & parcel of equitable mortgage of property situated at plot no.
Auction are invited for Sell of properties Equitable mortgage of plot / land measuring 0 kanal 15/8 marlas (50 sq yds ), details as below- 1.