from The American Heritage® Dictionary of the English Language, 4th Edition
- n. One that holds a mortgage.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. One who provides a loan secured upon the borrowers' property, the lender in a mortgage agreement.
from the GNU version of the Collaborative International Dictionary of English
- n. The person to whom property is mortgaged, or to whom a mortgage is made or given.
from The Century Dictionary and Cyclopedia
- n. One to whom property is mortgaged.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the person who accepts a mortgage
Sorry, no etymologies found.
Call the mortgagee and use these words to open the conversation:
The factory owner, the mine owner, the ship owner, who thought it safe twenty years ago to borrow half the value of his plant in order to find capital for his business, now finds that the mortgagee is the virtual owner.
A clause in a note, which entitles the mortgagee (lender) to declare the note due and payable in full prior to its stated maturity date.
Often our customers were facing potentially hard times such as mortgagee sales.
I've heard talk the 'mortgagee' tag is used to drag out the bargain hunters to properties that are simply normal sales.
"While a mortgagee is a 'purchaser' to the extent of his interest in the mortgaged property and where it appears that he is bona fide purchaser for value and 'without notice of any secret unrecorded claim or interest' in such property, he will be protected.
"While a mortgagee is a 'purchaser' to the extent of his interest in the mortgaged property and where it appears that he is a bona fide purchaser for value and 'without notice of any secret unrecorded claim or interest' in such property, he will be protected.
I remember it was passed decades ago to be sure a mortgagee would have clear account of the lending terms.
Earlier this month the federal agency that oversees Fannie Mae and Freddie Mac sued Chicago for its vacant-buildings ordinance, which requires that a "mortgagee" register vacant properties, pay a $500 fee to the city, comply with onerous maintenance requirements and face a $1,000 daily fine for noncompliance.
Federal and state courts around the country have repeatedly upheld the MERS business model, and the validity of MERS as legal mortgagee and nominee for lenders.
Wordnik is becoming a not-for-profit! Read our announcement here.