New Hampshire Revised Statutes 479:27 – Mortgagee May Buy
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Terms Used In New Hampshire Revised Statutes 479:27
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
A mortgagee selling under a power contained in a mortgage may be a purchaser at the sale, unless the mortgage contains a provision to the contrary.