Foreclosing mortgagee means the mortgagee that intends to conduct a power of sale foreclosure; provided that the mortgagee is a federally insured bank, a federally insured savings and loan association, a federally insured savings bank, a depository financial services loan company, a nondepository financial services loan company, a credit union insured by the National Credit Union Administration, a bank holding company, a foreign lender as defined in section 207-11, or an institutional investor as defined in section 454-1.
Foreclosing mortgagee means the mortgagee that intends to
Foreclosing mortgagee means an entity that holds title, in any capacity, directly or
Examples of Foreclosing mortgagee in a sentence
Second mortgage, mechanics lien, two judgment.• Foreclosing mortgagee underbids at sheriff’s sale.• Home would be a good deal if could redeem without paying junior creditors.• Foreclosed homeowner and speculator enter into mortgage (which now has lowest position lien).• Speculator notices intent to redeem.• If no other junior creditor’s redeem, speculator takes home without other junior liens.• Opportunity for scammers to create fictional liens.• Otherwise legal.Criminal Concerns… United States v.