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Mortgagee
(redirected from mortgagees)

    Also found in: Dictionary/thesaurus, Financial 0.01 sec.

mortgagee n. the person or business making a loan that is secured by the real property of the person (mortgagor) who owes him/her/it money. (See: mortgage, mortgagor)

MORTGAGEE, estates, contracts. He to whom a mortgage is made.
     2. He is entitled to the payment of the money secured to him by the mortgage; he has the legal estate in the land mortgaged, and may recover it in ejectment, on the other hand he cannot commit waste; 4 Watts, R. 460; he cannot make leases to the injury of the mortgagor; and he must account for the profits he receives out of the thing mortgaged when in possession. Cruise, Dig. tit. 15, c. 2.
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? References in periodicals archive
Despite three interest rate increases in 2006, the confidence of mortgagees has actually risen by 5.
Consumer Sentiment Surges, Westpac-Melbourne Institute Index of ... by JCN Newswires
IVI is a consultancy of over 140 architects, engineers and project managers providing project management control services on behalf of institutional mortgagees, real estate equity investors and corporate real estate departments worldwide.
Inspection & Valuation International, Inc by Real Estate Weekly
Section 166 (and related IRC sections 585 and 593) allow mortgagees using the reserve method of accounting for bad debts to charge the loss to the reserve for losses on qualifying real property loans.
Income tax consequences of real estate foreclosures by Knight, Lee G. / Journal of Accountancy
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