‘Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.’
‘That is reading a lot into it, applying to the mortgagee for the mortgagee's consideration.’
‘On the one hand there is the question of ensuring security against third parties, such as purchasers, creditors, mortgagees, and landlords who may seek to take possession of the property.’
‘The mortgagor sought payment of the surplus from the mortgagee's solicitors who held the funds in trust.’
‘Hong Kong banks can begin repossession proceedings if a mortgagee fails to make loan repayments for three consecutive months.’
‘The trial of this consolidated lien action dealt only with the issue of priority between the lien claimants and the mortgagee.’
‘After the remedial work was finished, the buildings were sold by the mortgagee, Bank of Montreal.’
‘Under the mortgage, the mortgagee is entitled to recover her legal fees as between solicitor and client.’
‘The mortgage gives the mortgagee, of course, that equitable interest in the property as well.’
‘Would the same apply to a mortgagee if the mortgage contained a covenant restricting the use of the land?’
‘The equity is perhaps a matter of argument, but the position is it is mortgaged but the mortgagees will give up their priority to the charge.’
‘If Mildred was unable to meet repayment obligations under a mortgage, the mortgagee would have the right to seek possession of the house and to sell it.’
‘I do not believe I am here called upon to contribute to this interesting debate, because the Defendant is neither a mortgagee nor a receiver.’
‘The surplus was initially paid into court by the mortgagee pursuant to an interpleader order.’
‘The assets are mortgaged in such a way that the mortgagor can deal with them without the concurrence of the mortgagee.’
‘Those duties were imposed to ensure that a mortgagee is diligent in discharging his mortgage and returning the property to the mortgagor.’
‘He was not successful in doing so before part of the property was sold and the other section foreclosed by the mortgagee.’
‘Under a mortgage of old system land in Victoria, does the mortgagee have a right of possession?’
‘Buckley LJ was even more emphatic, saying that the tenant's argument that the right to future rent which had been transferred was a chose in action was ‘wholly misconceived’ and that the mortgagees were not assignees of the rent.’
‘If there is no agreement between the mortgagees, one party may sell their share to a third party.’
financial institution
Usage
The two words mortgagee and mortgagor are often confused. The mortgagee is the lender in a mortgage, who is offered a property as security for the money they are lending to the mortgagor, the person who is mortgaging it
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