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mortgagee Definition

mort·ga·gee (môr′gə jē)

noun

a person to whom property is mortgaged

mortgagee Law Definition

n

The lender or creditor extending the loan involved in a mortgage.
mortgagee Usage Examples

Converse of object

  • include: Owner for this purpose includes mortgagee or a person having a leasehold interest or tenancy with 7 or more years to run.
  • know: The official receiver must contact all known mortgagees without delay.
  • appoint: After default on the part of the borrower the mortgagee appointed receivers.
  • treat: A person should know something about the finance company and how they treat the mortgagees and the mortgager.
  • propose: Where the official receiver is content to let the purchase proceed he should ensure that the proposed mortgagee is aware of the bankruptcy proceedings.

Converse of subject

  • appoint: The surveyor was not appointed by the mortgagees, and there was no contractual relationship between him and them.
  • hold: The official receiver should ascertain that all policies held by the mortgagee are either formally charged or that there is an equitable charge.

Adjective modifier

  • legal: It is proof of the legal mortgagee 's right to the security.
  • first: Any retention made by the first mortgagees should also be deducted.
  • existing: A reference and/or authority from any existing mortgagee ( and possibly one's bankers ) will also need to be furnished.
  • other: Support for Banks and other Mortgagees We can offer lenders expert and strategic advice on all aspects of property-based recovery and fixed charge receivership.

Possessives

  • right: It is proof of the legal mortgagee's right to the security.
  • possession: Effect of payment: action to redeem mortgaged land in mortgagee's possession 64.

Preposition: in

  • possession: Gains had also been made on assets sold by receivers and mortgagees in possession.

Preposition: under

  • mortgage: L - An unoccupied dwelling repossessed by the mortgagee under the mortgage.