What dangers are encountered by mortgagees

Reference no: EM131327477

1. What dangers are encountered by mortgagees and unreleased mortgagors when property is sold "subject to" a mortgage?

2. What is the difference between equity of redemption and statutory redemption?

3. What special advantages does a mortgagee have in bidding at the foreclosure sale where the mortgagee is the foreclosing party? How much will the mortgagee normally bid at the sale?

Reference no: EM131327477

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