Assertion: mortgagee | /r/HasProperty | lender
Facets:
value: to a borrower for the purpose
type: PURPOSE
Source sentences:
text: A mortgagee in possession is a lender who has exercised its right to take control of a property due to nonpayment of the mortgage.
text: If you have a major claim, such as a devastating flood or fire, your homeowner's insurance will be answerable to the mortgagee, which is the lender who gave you the money to buy the house, as well as you, the mortgagor and policyholder.
text: A mortgagee is an entity that acts as a lender to a borrower for the purpose of buying a piece of real property.
text: Mortgagees work with only one lender
text: If you look at the word lessee, you might expect this to mean the landlord since a mortgagee is a lender.
text: Mortgage insurance is an insurance policy designed to protect the mortgagee (lender) from any default by the mortgagor (borrower).
text: In this situation, the mortgagee (lender) who gave you the money has the right to the possession of your property.
text: The mortgagee (lender) owns the home, and can sell it or take any other action they wish to recoup the money lost by the mortgagor (borrower) who failed to repay the mortgage.
text: Know your rights and obligations as mortgagee (lender) within NZ
text: The statutory rights of the mortgagee (lender) include:
text: The mortgagee is the lender who issues the mortgage.
text: The New Zealand law recognises both the substantial amount of money involved and the owner's likely emotional attachment to the property, and seeks to strike a balance between the rights and interests of the mortgagee (the lender) and the mortgagor (the borrower).