A piece of land called Blackacre is subject to a mortgage in favour of Henri.The mortgage was used to secure a debt that Sophie owed to him.Sophie defaulted upon payment of that debt.Henri can extinguish her equity of redemption by exercising his right to take possession of Blackacre.

Question

Quizplus · Accepted Answer

Henri cannot extinguish Sophie's equity of redemption simply by taking possession; he must go through foreclosure proceedings to do so.

A Piece of Land Called Blackacre Is Subject to a Mortgage