why 13yr legal search report is required in mortgage

AnswerBot
1y

A 13-year legal search report is required in mortgage to ensure the property's legal status and minimize risks.

  • A 13-year legal search report provides a comprehensive overview of the property's legal h...read more

Manas Ranjan Panda
10mo
As per the section 65 of Limitation Act, a person has a period of 12 years to claim his possession over the scheduled land in question, which is also known as Doctrine of Adverse Possession. Hence, th...read more
Anonymous
2y

There is a need for a legal search report of 13 years. It shows that if the property is mortgaged somewhere or not, we get to know how the property has come to the current user.

Misti Bhattacharya
4y

Because we give different amounts of money given them by their property or whatever he or she mortgage for that moneys,13th legal research help us to know that person froud or honest as well as his or...read more

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