Which of the following is a right of the mortgagee and not of the mortgagor?
Foreclosure is the mortgagee’s remedy under section 67: a court decree debars the mortgagor from redeeming. It is confined to the mortgage categories authorised by that…
Choose your answer
Which of the following is a right of the mortgagee and not of the mortgagor?
Answer and explanation
Correct answer D
Foreclosure is the mortgagee’s remedy under section 67: a court decree debars the mortgagor from redeeming. It is confined to the mortgage categories authorised by that section. The mortgagor instead has redemption under section 60, and rights concerning documents and recovery of possession. A mortgagor does not foreclose his own right of redemption.
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