Mortgagee


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Mortgagee

The lender of a loan secured by property.

Mortgagee

A mortgage lender. A mortgagee is ordinarily a bank or savings and loan corporation.
References in periodicals archive ?
Mortgagee Letter 2010-18, in combination with Mortgagee Letter 2010-16, proved instrumental in conveying properties faster to HUD as a result of technology, elimination of second bids, increased property preservation allowables, acceptance of industry cost estimator tools in lieu of bidding and the creation of the MCM.
85) These agreements provide safeguards for the second mortgagee in the case of property depreciation and undersecuritization, thereby encouraging continued lending.
A mortgagee must serve written notice to the mortgagor and the guarantor, if any, by registered mail with the acknowledgment of receipt informing them of the default and requiring payment within a period of no less than 30 days from the date of the notice.
It was absurd to treat section 9 of the Mortgage Conditions as inflexible and laying down a set of strict and sequential steps which must have been taken in the prescribed order in order for the mortgagee to be protected in the way he acted in relation to chattels left on the Property.
Access the Annual MIP Case Number Request Cancellation Instructions document specific to Mortgagee Letter 2015-01.
The fraudster appears before the mortgagee as the registered owner.
In order for the first mortgagee to claim priority over further advances, the subsequent registered mortgagees must agree in writing to the priority of such advances.
To keep this terminology straight, it might help to remember that the mortgagor (the suffix "or" means "to give") gives an interest, pledge or charge in his land to the mortgagee (the suffix "ee" means "to receive") in return for the loan.
In order for the insurer to respond to a valid claim, the mortgagee must carry out three conditions.
This action would hopefully allow the mortgagee to keep their home and pump money back into the bank's coffers.
The interim registration law includes provision for the transfer of registration of off-plan sales from developers to the Dubai Lands Department and provides a mechanism for buyers and banks to register their interests as buyer and mortgagee at the Dubai Lands Department even during the construction phase.
If the tenant doesn't move, the mortgagee files an eviction lawsuit against the landlord.