Execution:Executive Deeds execution Issued By Dubai Courts>Pledged Money Sale (execution) Request
| Execution:Executive Deeds execution Issued By Dubai Courts |
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An application submitted by the pawnee to be permitted to sell the pledged object, to apply it towards the debt not paid by the debtor on maturity date, secured by pledge, after seven days from the da ... (Read More) |
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Term and Condition |
1.The pleaded mortgage should be as securityagainst a commercial debt. According to arcticle No 172/164 of Commercial Law.
2.The date of loan payment should be due. Elapse of seven days from the date of serving notice to the debtor.
1.The pleaded mortgage should be as securityagainst a commercial debt. According to arcticle No 172/164 of Commercial Law.
2.The date of loan payment should be due. Elapse of seven days from the date of serving notice to the debtor.
3.Determining the assets to be sold if the mortgage is on several assets.
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Required Documents |
1.personal ID of applicant and capacity of applicant ( National ID Card).
2.Mortgage contract of sujectect for sale.
1.personal ID of applicant and capacity of applicant ( National ID Card).
2.Mortgage contract of sujectect for sale.
3.Proof showing default of payment.
4.Legal notice urging the payment and 7 days had passed over serving the notice.
5.Valuation certificate of Items meant to sale.
6.Report of fines for the vehicles.
7.An undertaking that the vehicle is free from all restrictions.
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Delivery Channels |
1.Over the counter
2.Web
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