Where proceedings are brought by a first mortgagee against a second mortgagee and the mortgagor, successive periods may be allowed for redemption, and in that case the first right of redemption is given to the second mortgagee and in default he is foreclosed1. The claimant's subsequent interest and costs are then computed and assessed, and a further three months may be allowed for the mortgagor to pay the original and additional amount, and in default he also is foreclosed; but the second mortgagee must be foreclosed absolutely before proceedings are
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234