Where default occurs, and real estate markets are falling, the mortgagee will likely want to realise on the security in the quickest suitable manner, which is

Question

Quizplus · Accepted Answer

Sale under Power of Sale allows the mortgagee to sell the property quickly without the need for court proceedings, making it a suitable method for realizing on the security in a falling market.

Where Default Occurs, and Real Estate Markets Are Falling, the Mortgagee