Mortgagee - Definition - Law Dictionary Home Dictionary Definition mortgagee

Definition :

Mortgagee, a 'mortgagee' for the purpose of redemption would include all persons who derive title from him and it is immaterial whether that title is derived by sale in invitum or by private treaty, whether it is by act of parties or by operation of law. A purchaser from the mortgage is also liable to be redeemed as he must be deemed to be a representative of the mortgage and to have as such purchased the property subject to the mortgage and the equity of redemption of the mortgagor, Abdul Ghaffoor v. (Mst.) Paharia, 1957 Pat 136.

Mortgagee, he that takes a mortgage as security for a loan. See preceding title