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Mortgagee Financial Glossary

What is it? The party lending the money and receiving the mortgage. Some state treat the mortgagee as the legal owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view.

Finance Term Definition Added By: Carter

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We hope you now understand the meaning of Mortgagee. If you need any more information on this term, please don't hesitate to contact us.

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