Ohio Code 2127.20 – Sale subject to mortgage
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The probate court, with the consent of the mortgagee, may authorize the sale of lands subject to mortgage, but the giving of any such consent shall release the estate of the decedent or ward should a deficit later appear.
Terms Used In Ohio Code 2127.20
- Decedent: A deceased person.
- 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.
- Probate: Proving a will