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.

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Fremont sued Thompson seeking an equitable mortgage on the residence or, in the alternative, damages for unjust enrichment.
61% 15,380,000 OF THESE SHARES BY WAY OF AN EQUITABLE MORTGAGE 11.
1154 this propriety is already equitable mortgage with our bo: rab kkr to secure housing loan of rs.
Tenders are invited for Equitable mortgage of commercial property at village kot ise khan tahsil & distt - moga owned by smt.
Tenders are invited for Hypothecation of Plant & Machinery and Equitable Mortgage of property vide Deed no 22032 dated 11121990, Mouza-Kunda, Deoghar, Thana-Kunda, J.
We will continue to execute on CoreStar's principal value of providing honest and equitable mortgages to help grow loan pipelines and market share.