Noun
The person to whom property is mortgaged, or to whom a mortgage is made or given.
Source: Webster's dictionaryWe, as lawyers, as men of business, as men of experience, know perfectly well what evils necessarily result from handing over a great family estate to a mortgagee in possession, whose only chance of getting his money is to sacrifice the interests of everybody to money-getting. Nathaniel Lindley, Baron Lindley
the bank became our mortgagee when it accepted our mortgage on our new home Source: Internet
If this property is a condominium unit which is part of a common interest community, the purchaser of the unit at the foreclosure sale other than a mortgagee shall pay the assessments required by The Condominium Property Act, 765 ILCS 605/18.5(g-1). Source: Internet
Mr. Halkitis said the proposed amended Home Owners Protection Bill is to provide for the mortgagee to grant the mortgager a 30 day notice of his default in payment prior to starting legal proceedings. Source: Internet
Treatment must be covered by a minimum 10-year insurance-backed guarantee, which is property specific and transferable to subsequent owners and any mortgagee in possession." citation Santander have relaxed their attitude in a similar fashion. Source: Internet
MORTGAGEE: Mortgage Electronic Registration Systems, Inc., as nominee for Maribella Mortgage, LLC. Source: Internet