Bondi gave a mortgage to Dante on a parcel of land (located in Ontario), which he owned. Bondi later sold the mortgaged land to Green. Green, some time later, sold the land to Jones. Jones defaulted on payment of the mortgage. Dante would be entitled to sell the land when Jones defaulted on the payment.

Question

Quizplus · Accepted Answer

In Ontario, a mortgage is a charge on the property, meaning the mortgage follows the land when it is sold. Therefore, if Jones defaults on the mortgage payments, Dante, as the mortgagee, has the right to sell the land to recover the owed amount, regardless of the change in ownership.

Bondi Gave a Mortgage to Dante on a Parcel of Land