A piece of land called Blackacre was subject to a mortgage in favour of Alona.After the mortgage went into default, she asked the court for the remedy of foreclosure.She was granted an order nisi.Blackacre therefore now belongs to her and cannot be taken away.

Question

Quizplus · Accepted Answer

An order nisi in the context of foreclosure is a provisional order given by the court that will become absolute unless the mortgagor (the borrower) does something to prevent it, such as paying off the mortgage within a certain period. Until the order becomes absolute (order absolute), and the foreclosure process is completed, Blackacre does not belong to Alona.

A Piece of Land Called Blackacre Was Subject to a Mortgage