mortgagee
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.
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