Mortgage MEE question

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Mortgage MEE question

Postby Impishee » Mon Feb 20, 2017 6:29 pm

If (god forbid) we get a mortgage question on the MEE for a property question, would that require mentioning UCC art 9 (secured transactions) Or just generally mortgages? It's weird, I have read so much stuff about mortgages, and yet, I don't know this :lol:


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Re: Mortgage MEE question

Postby Bluem_11 » Mon Feb 20, 2017 6:43 pm

This was asked partially on July's MEE, question 4. Peruse the sample answers.

Only get into Article 9 for personal property and fixtures.


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Re: Mortgage MEE question

Postby umichman » Mon Feb 20, 2017 7:34 pm

If a junior mortgage accidentally does not get joined when a senior lender forecloses, what happens to the junior mortgagor? I know that the senior is "forced' to join them in teh action, but what if not.

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