The object of a notice of sale in a foreclosure of mortgage is not for the mortgagor
's benefit, but for the public or third persons; on the other hand, the undertaking in a mortgage deed to notify the mortgagor
of all judicial or extrajudicial actions relative to the mortgage is especially for the mortgagors
benefit, so that he may safeguard his rights.
One of the interpretative issues in HAMP is whether mortgagors
should be permitted to bring state law claims against lenders and loan servicers for actions relating to HAMP, a federal program.
It means that a trial court lacks subject matter jurisdiction in mortgage foreclosure actions filed against deceased mortgagors
unless the lender names a personal representative for the decedent.
unable to make payments should plead their case to the mortgagee and ask to 'reset' the mortgage.
While mortgagee clauses in property insurance policies issued to mortgagors
are intended to protect the interest of the mortgagee, the mortgagee's interests, rights and obligations vary from those of the mortgagor
46) While the legislature's action provided little comfort to the Gordonville mortgagee, at least future New Hampshire mortgagees' liens will be protected from destruction by such manipulative behavior by mortgagors
Two weeks after the closing, Negrin commenced a class action against the bank, claiming that Norwest improperly imposed thousands of dollars of similar fees on its mortgagors
when they sought to satisfy their loans with the bank.
A travel insurer expects to be hit with more than $1 million in claims from passengers whose trips were canceled or interrupted by a cruise line that recently had its ships seized by mortgagors
who claim to have been overcharged on their adjustable-rate loans.
In a credit-tight market, the clause acts more to the detriment of the lender than the mortgagor
, as the onus is on the lender to persuade the low-cost mortgagors
into liquidating their mortgages and releasing the funds in the market to the benefit of both the lender and the mortgagor
CPAs with clients who are parties to such traumatic events, either as mortgagors
or mortgagees, often find them preoccupied with the circumstances preceding or following the events rather than with the events themselves.