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Real Estate & Property Law

: The Home Equity Theft Reporter

Mortgage Voided As Lender Fails To Make Inquiries Of Persons In Possession; Unrecorded Rights Of Occupants Take Priority Over Lender's Recorded Lien

By r morris

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In the United Kingdom, Lexology.com reports on a British court case involving the application of the bona fide purchaser doctrine in which a mortgage lender found itself left holding the bag due to its failure to inquire into the rights and equities of persons in possession of a home who were not the record owners/borrowers before making a secured loan to the latter:A lender that does not make

Full post as published by The Home Equity Theft Reporter on February 04, 2010 (boomark / email).

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