mortgagor


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mort·ga·gor

 (môr′gĭ-jôr′, môr′gĭ-jər) also mort·gag·er (môr′gĭ-jər)
n.
One that mortgages property, usually the nominal owner entitled to use of the property.

mortgagor

(ˈmɔːɡɪdʒə; ˌmɔːɡɪˈdʒɔː) or

mortgager

n
(Law) property law a person who borrows money by mortgaging his or her property to the lender as security

mort•ga•gor

or mort•gag•er

(ˈmɔr gə dʒər)

n.
a person who mortgages property.

mortgagor

a person who mortgages property or gives the property as security; the borrower in a mortgage transaction.
See also: Property and Ownership
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.mortgagor - the person who gives a mortgage in return for money to be repaid; "we became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home"
debitor, debtor - a person who owes a creditor; someone who has the obligation of paying a debt
Translations

mortgagor

[ˈmɔːrgɪdʒər] nemprunteur/euse m/f (sur hypothèque)mortice lock [ˈmɔːrtɪslɒk] nserrure f encastrée

mortgagor

nHypothekenschuldner(in) m(f)

mortgagor

[ˈmɔːgɪdʒəʳ] ndebitore m ipotecario
References in periodicals archive ?
Paragraph 14 of the parties' real estate mortgage contract is clear that all correspondence relative to this mortgage, including demand letters, summonses, subpoenas or notifications of any judicial or extrajudicial actions shall be sent to the mortgagor at the address hereinabove given or at the address that may hereafter be given in writing by it.
Part II explains why HAMP was instituted and the process it sets forth for a mortgagor to obtain a permanent modification of a home mortgage.
9) In Wells Fargo Bank v McQueen, (10) a Cook County trial court relied on Keller to dismiss a foreclosure complaint against a deceased mortgagor.
At that time, the financial distress leaves the mortgagor little room to navigate a range of unattractive options.
Increased foreclosures have forced many more lenders to pursue their rights under homeowners policies as the mortgagor is no longer around or concerned in pursuing a claim for loss.
For example, Equity recognized early that a mortgagor in default has an "equity of redemption" which may only be cut off by a valid foreclosure.
Mortgagor The borrower in a mortgage loan transaction.
If the mortgagor lacks any necessary papers, the ARMs auditor will normally obtain them from the lender.
Germain Act,(2) including its universal due-on-sale" clause(3) in residential mortgage instruments, most opportunities a low-cost mortgagor had to market his or her property assets at a profit were eliminated: the low-cost mortgage had lost its trade-in option, and with it, the market had lost its symmetry.
The courts have long held all three taxpayer actions constitute sales or exchanges under the Internal Revenue Code and thus are taxable events to the mortgagor.
Therefore, where a mortgagor has died, the mortgagee/lender must name a personal representative of the mortgagor/borrower's estate for the circuit court to acquire subject matter jurisdiction.