from The American Heritage® Dictionary of the English Language, 4th Edition
- n. One that mortgages property.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. Alternative spelling of mortgager.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the person who gives a mortgage in return for money to be repaid
Sorry, no etymologies found.
In the case of a non-recourse mortgage, the mortgagor is promising the bank that he will EITHER repay the loan OR give the bank the house.
Moreover, formalities of law, evidenced by documents and red seals, have firmly planted in our minds the idea that the condition of being a mortgagor is not one to be entered into lightly.
[A] In a bill brought by a mortgagee agaiust the heir of a mortgagor to foreclose, it was objected, that the executor of the mortgagor ought to be a paity, because it did uot appear but that he might have paid the debt.
If you can’t find one, call the mortgagor and ask for the phone number of the person to whom he or she makes the second-mortgage payment.
A mortgagor owes the obligation secured by the mortgage.
Mr. CHARLIE GREEN (Clerk of Courts, Lee County): Did you make your payment in a timely manner and have you been a good mortgagor?
According to the Kansas Supreme Court, MERS did not demonstrate, in fact, did not attempt to demonstrate, that it possessed any tangible interest in the mortgage beyond a nominal designation as the mortgagor.
This is what consumers need — an advance statement of terms signed by the mortgagor.
If the mortgagor does not, then the land pledged to the mortgagee as security for the debt is taken from him for ever, and so dead to him upon condition, &c.
It seemed to him that it had to do with the doubtfulness of whether or not the mortgagor will pay the debt.