SHAFAQNA – The Grand Ayatollah Khamenei answered a question about re-mortgaging the mortgaged property.
Question: Can the owner who has mortgaged his property, re-mortgage the same property to the second person to cover his debts before the property is released from the first mortgage?
The Grand Ayatollah Khamenei: Until the previous (first) mortgage is not released, the second mortgage without the permission from the first person who mortgaged the property is considered as unauthorized dealing, and (the re-mortgage) depends only on the permission of the first person who mortgaged the property.
Source: PERSIAN SHAFAQNA
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