mortgagee in possession means a mortgagee who in right of a mortgage has entered into and is in possession of the mortgaged property.
mortgagee in possession means a person or body which has entered into a mortgage in respect of the Dwelling and has taken action following a default by the borrower in respect of the repayments due under that mortgage and shall include any receiver appointed by any such mortgagee
mortgagee in possession means any person who iseither
More Definitions of mortgagee in possession
mortgagee in possession means a person or body which has entered into a mortgage in respect of an affordable dwelling constructed on the land and has taken action following a default by the borrower in respect of the repayment due under that mortgage. The clause allows the release of affordable housing occupancy restrictions in favour of the mortgagee.
mortgagee in possession means a mortgagee that, upon default of the borrower, has taken over control and/or occupancy of a property in order to collect income from the property and/or to prepare the property for foreclosure.
mortgagee in possession means a mortgagee who, in right of the mortgage, has entered into and is in possession of the mortgaged property, and “mortgaged property in possession of the mortgagee” shall be construed accordingly;
mortgagee in possession means every person, entity, service company, property manager, or real estate broker, who alone or severally with others:
mortgagee in possession means any person who is either (a) a Mortgagee which has possession of a Unit as a result of a default under a Mortgage held by such person, or (b) the Unit Owner of a Unit as the result of the conveyance to such person of the Mortgagor's equity of redemption therein either as the result of a foreclosure proceeding under a Mortgage, or in lieu of such foreclosure proceeding.
mortgagee in possession means any person who is either
mortgagee in possession means any person who, at the time with respect to which reference is made, is either (A) a Mortgagee which has possession of a Lot as a result of a default under a Mortgage held by such person, or (B) the Owner of a Lot as the result of the