Grasping Mortgagee Rights and Responsibilities
A mortgagee is the lender who provides a mortgage loan to a borrower. It's crucial for both parties to fully grasp their respective rights and obligations. Mortgagee rights encompass the legal power to seize property in case of borrower nonpayment, as well as the right to recover all unpaid loan amounts. On the other hand, mortgagee responsibilitie