equitable mortgage


Also found in: Legal.

equitable mortgage

The declaration by a court that an instrument by which one is to pay money to another and,as a result,receive title to real property when all payments have been completed is in reality a mortgage,and the parties will be treated as if they had all the rights and responsibilities of a mortgage relationship.The exception is if an innocent third party buys the property; then the equitable mortgagor—the person making the payments—cannot recover the property but may only sue the seller for damages.See also equitable lien.

Mentioned in ?
References in periodicals archive ?
The contract shall be presumed to be an equitable mortgage, in any of the following cases:
Fremont sued Thompson seeking an equitable mortgage on the residence or, in the alternative, damages for unjust enrichment.
Auction are invited for Sell of properties Equitable mortgage of commercial property situated near malak chowk, jagraon measuring 5 marla 7.
Auction are invited for Sell of properties Equitable mortgage of factory land & building measuring 4 kanal, 17 marla, 3 sarsai i.
Auction are invited for Sell of properties Equitable mortgage of residential house bearing house tax unit no.
Auction are invited for Equitable mortgage of one residential house property constructed at free hold plot no a 112 rai pink city gram mahabadiya p h no 31 block fanda tah huzur dist bhopal mp area 116.
Auction are invited for Equitable mortgage of under construction residential house situated at plot no c 75 rai pink city gram mahabadiya p h no 31 block fanda tahsil huzur bhopal mp plot area 87.
Auction are invited for Equitable mortgage of leasehold property no gyb 19 naveen karond mandi prangan karond tahsil huzur dist bhopal mp area admeasuring 3000 sq ft butted and bounded as under on the north plot no 18 on the south plot no 20 on the east road on the west plot no 9 and 10
Auction are invited for Sell of properties Equitable mortgage of leasehold property no gbe 185 naveen mandi prangan karond tahsil huzur dist bhopal mp area admeasuring 1000 sq ft butted and bounded as under on the north property no 184 on the south property no 186 on the east property no 143 on the west road
We will continue to execute on CoreStar's principal value of providing honest and equitable mortgages to help grow loan pipelines and market share.
BANKING AND CREDIT NEWS-March 4, 2011--S&P discontinues Equitable Mortgages rating(C)2011 M2 COMMUNICATIONS http://www.