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Author Question: Which of the following is false with regard to mortgages on land? (Read 19 times)

mspears3

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on: Aug 7, 2021
Which of the following is false with regard to mortgages on land?
◦ The right to foreclose is a remedy from the court of equity that allowed the mortgagee the right to end the mortgagor's equitable right to redeem the property after default.
◦ The courts of equity have given the borrower (mortgagor) the right to redeem his property even after default if he makes the appropriate payments.
◦ If the borrower (the mortgagor) is paying and otherwise honouring the terms of the mortgage, he is entitled to no interference with his use of the property by the mortgagee.
◦ A mortgage is a contract between a lender and a borrower that provides that the borrower not only gives the lender his promise to pay but also grants the lender title to his real property to hold as security.
◦ A second or third mortgagee is not affected if the first mortgagee obtains an order of foreclosure.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by mspears3 on Aug 7, 2021

bbburns21

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mspears3

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Reply 2 on: Aug 7, 2021
Gracias!

Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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