mortgagor

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mortgagor

, mortgager
Property law a person who borrows money by mortgaging his property to the lender as security

mortgagor

The borrower who obtains a mortgage.
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While in reality, twice as many mortgage holders pay into a savings account as overpay their borrowing, when asked hypothetically how they would use any spare income, the most popular answer was overpaying their mortgage (48%), outstripping paying into savings (42%) and paying off credit card debt (33%).
The allocation of credit risk across mortgage holders, insurers, and purchasers depends on underlying assumptions about risk-mitigation activities, business relationships, loan-to-value ratio distributions, default rates, and loss severity rates.
As foreclosure rates continue to soar, many mortgage holders are looking for a solution so they can stay in their homes.
The bad news is your new mortgage holder will likely be much more aggressive in asserting the rights of your lender, which may lead to a flurry of legal activity.
They want you to believe that concerns about adequacy of cash-flow to service all debt, or worries about the ability of the bankruptcy of a junior mortgagee to prevent a senior mortgage holder from foreclosing on collateral, are totally irrelevant.
Lighthouse will be required to obtain the approval of the mortgage holder or otherwise discharge the primary mortgages on the vessels to consummate the sale of the assets.
Without the statutory backing of the Code of Conduct on Mortgage Arrears, the fund would be perfectly within its legal rights to demand full repayment and initiate legal proceedings on a mortgage holder that misses one repayment.
General Electric Credit Corp, the second mortgage holder on formerly bankrupt 100 E.
As a result of the move, the company has returned 170 acres of land to the first mortgage holder.
This should be an issue of concern for every mortgage holder in the country.
Thus, this grim situation looks hopeless, with the mortgage holder seriously considering foreclosing on the property to stem its losses while the cooperative development contemplates filing a bankruptcy petition in an attempt to preserve the cooperative status of the property.

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