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Can a Second Mortgage Be Created on an Already Mortgaged Property in Kolkata?

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(@sonu nigam)
Joined: 2 hours ago
[#5421]

I wish to take an additional loan from a second lender by mortgaging the same property that is already mortgaged to my primary bank. Can a second or subsequent mortgage be legally created on a property that already has a prior mortgage and what are the risks and priority issues between the two lenders, specifically for a property situated in Behala, Kolkata?


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