Show Summary Details

Quick Reference


A mortgage of a mortgage. A submortgagor is a person who holds a mortgage over another's land and charges that mortgage as security for a debt he owes to a third party (the submortgagee). If the submortgagor defaults, the submortgagee may sell the mortgage (but not the land) and recover the debt from the proceeds.

Subjects: Law.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.