Who is referred to as the Mortgagee?

The mortgagee is defined as the lender to whom property is conveyed as security for a loan. In a mortgage transaction, the borrower (often referred to as the mortgagor) agrees to provide a security interest in their property to the lender. This lender, the mortgagee, holds certain legal rights over the property until the borrower repays the loan in full. Should the borrower default on the loan, the mortgagee has the right to take possession of the property through foreclosure, making their role critical in the lending process.

In contrast, the borrower who gives the mortgage and the real estate agent involved in the transaction hold different roles, with the borrower representing the party seeking the loan and the agent facilitating the transaction. Additionally, the judge overseeing mortgage disputes does not hold a role in the lending process itself but rather resolves legal issues that may arise from such transactions.