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4 MAY 2010 – MORTGAGEE IN POSSESSION

4 MAY 2010 – MORTGAGEE IN POSSESSION

Q.When a mortgagee is selling a property due to the owner being in default, how should the Sellers name appear on the Contract?

A. The Seller appear as “XYZ Bank as mortgagee exercising power of sale under mortgage no. ABC”.

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