Glossary entry

English term or phrase:

mortgagee in possession

Italian translation:

creditore ipotecario in possesso

Added to glossary by Marco Belcastro Bara
Jun 1, 2019 08:43
4 yrs ago
5 viewers *
English term

mortgagee in possession

English to Italian Law/Patents Law (general)
The exercise of any rights of the Chargee under this Deed shall not make the Chargee liable to account as a mortgagee in possession.
Change log

Jun 5, 2019 22:26: Marco Belcastro Bara Created KOG entry

Proposed translations

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creditore ipotecario in possesso

'The exercise of any rights of the Chargee under this Deed shall not make the Chargee liable to account as a mortgagee in possession.'

'L'esercizio di qualsivoglia diritto del Creditore ai sensi del presente Atto non renderà il Creditore responsabile quale creditore ipotecario in possesso.'

https://www.allbusiness.com/barrons_dictionary/dictionary-mo...
mortgagee in possession. situation in which a lender takes possession and control of a mortgaged property upon foreclosure of the loan secured by the mortgage. The lender possesses the property, collecting any income produced, until it is sold at the foreclosure sale.

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Note added at 50 mins (2019-06-01 09:34:09 GMT)
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https://www.investopedia.com/terms/m/mortgagee.asp
A mortgagee is an entity that lends money to a borrower for the purpose of purchasing real estate. In a mortgage lending deal the lender serves as the mortgagee and the borrower is known as the mortgagor.

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Note added at 4 days (2019-06-05 22:28:16 GMT) Post-grading
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Grazie per aver scelto la mia risposta :)
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