561. Court may suspend order for possession to allow mortgagor to effect a sale.

The court may suspend an order for possession1 where a mortgagor's only prospect of repaying the entire mortgage loan and accrued interest is from a sale of the property2, if such a sale would be more readily achieved where the dwelling house is occupied rather than repossessed3. In such cases the relevant factors will be the extent to which the mortgage debt arrears are secured by the value of the property and the effect of the passing of time on that security4. There should be evidence before the court of the likelihood of a proposed sale and the period