Term of the Week - Mortgagee VS Mortgagor

Posted by PTS on 23-01-2012 | 8 Comments

Mortgagee

One to whom a mortgagor gives a mortgage to secure a loan or performance of an obligation; i.e., the lender under a mortgage.

Mortgagor

One who gives a mortgage on his or her property to secure a loan or assure performance of an obligation; i.e., the borrower under a mortgage.

 

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