Foreclosure Deed

Foreclosure Deed Template for Singapore

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Key Requirements PROMPT example:

"I need a Foreclosure Deed for a commercial property in Singapore's Central Business District, where the mortgagor has defaulted on a S$5.2M loan, with court proceedings completed in January 2025 and multiple existing tenant leases that need to be addressed."

Document background

The Foreclosure Deed is essential in Singapore's property financing ecosystem when a mortgagor defaults on their loan obligations. This document is created after obtaining a court order for foreclosure and serves as the official instrument transferring property ownership. It must include specific details about the original mortgage, the default events, court proceedings, and property descriptions. The deed becomes a crucial element in the chain of title and must be properly registered with Singapore authorities to be legally effective.

Suggested Sections

1. Parties: Identification of mortgagee and mortgagor

2. Background: Details of original mortgage, default events, and foreclosure proceedings

3. Definitions: Key terms used in the deed

4. Property Description: Detailed legal description of the foreclosed property

5. Foreclosure Declaration: Formal declaration of foreclosure and transfer of title

6. Execution: Signing requirements and witness attestation

Optional Sections

1. Third Party Rights: Section detailing rights and interests of additional lienholders or interested parties in the property

2. Redemption Rights: Section specifying special terms regarding mortgagor's right of redemption when non-standard provisions apply

Suggested Schedules

1. Schedule 1 - Property Details: Detailed property description including lot number, bouNDAries, and floor plans

2. Schedule 2 - Original Mortgage Documents: Copies of original mortgage agreement and related documents

3. Schedule 3 - Court Orders: Copies of relevant court orders and judgments

4. Appendix A - Default Notices: Copies of all default notices and communications

5. Appendix B - Title Search Results: Current title search showing encumbrances and interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking
Real Estate
Legal Services
Financial Services

Relevant Teams

Legal
Risk Management
Mortgage Operations
Compliance
Property Management

Relevant Roles

Legal Counsel
Mortgage Officer
Property Manager
Risk Manager
Compliance Officer

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Let's create your Foreclosure Deed

Authors

Alex Denne

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