a mortgagee is a trustee of the power of sale for the benefit of the mortgagor.

Name: a mortgagee is a trustee of the power of sale for the benefit of the mortgagor.
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Question

Quizplus · Accepted Answer

A mortgagee is the lender or creditor in a mortgage agreement, not a trustee, and the power of sale is typically for the benefit of the mortgagee to recover the loan in case of default, not for the benefit of the mortgagor (borrower).

A Mortgagee Is a Trustee of the Power of Sale