Essays Tagged: "Mortgage law"

Mortgage Law - MORT-Dead GAGE-Pledge

INTRODUCTION What does MORTGAGE mean? In the word mortgage, the mort- is from the Latin word for death and -gage is from th ... m the sense of that word meaning a pledge to forfeit something of value if a debt is not repaid. So mortgage is literally a dead pledge. It was dead for two reasons, the property was forfeit or "dead" ... nglish jurist (and apparently etymologist) Edward Coke: "It seemeth that the cause why it is called mortgage is, for that it is doubtful whether the Feoffor will pay at the day limited such summe or n ...

(37 pages) 30 0 0.0 Mar/2007

Subjects: Law & Government Essays > Law

Equity's concern for fairness can often invert it into its opposite. Courts of Equity - equity of redemption. English law

ty of redemption, that being a mortgagor's equitable right to reclaim 'his' property and redeem his mortgage long after a specified (legal) due date, free from 'clogs or fetters ,' has certainly exhib ... ity of redemption has always been at odds to protect the equitable rights of the mortgagor over the mortgagee and to ensure that a mortgage should not become a crude mechanism of property transfer . H ...

(9 pages) 232 5 3.7 Mar/2003

Subjects: Law & Government Essays > Law

MORTGAGE TRANSACTION IN NIGERIA IN LIGHT OF THE LAND USE ACT

TITLE: MORTGAGE TRANSACTION IN NIGERIA IN LIGHT OF THE LAND USE ACT It will be apposite to give a working d ... LIGHT OF THE LAND USE ACT It will be apposite to give a working definition of the modern concept of mortgage. Mortgage is simply an arrangement where one party called the mortgagor borrows money or ta ... rty called the mortgagor borrows money or takes a loan from another party who is known as a lender (mortgagee), the mortgagor using his real property as a security for the loan or amount borrowed subj ...

(28 pages) 3 0 0.0 Apr/2014

Subjects: Law & Government Essays