Mortgagee

Mortgagee - A Mortgagee is the lender in a mortgage transaction, typically a bank or financial institution, that provides funds for the borrower (mortgagor) to purchase property. The mortgagee holds a lien on the property as security for the loan repayment and can foreclose on the property if the borrower fails to meet the terms of the mortgage.

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Mortgagee
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Definition and Examples

Definition
A Mortgagee is the lender in a mortgage transaction, typically a bank or financial institution, that provides funds for the borrower (mortgagor) to purchase property. The mortgagee holds a lien on the property as security for the loan repayment and can foreclose on the property if the borrower fails to meet the terms of the mortgage.
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