Mortgagee Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Mortgagee, written in plain English, along with examples of how it is used.

What is Mortgagee?

(n) Mortgagee is the person who accept a property or title to a property as a security for the loan given to the owner of the property. The mortgagee can utilise the property so pledged to recover his legitimate dues from that mortgage agreement if the Mortgagor fail to close the loan.