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Mortgage MEE question
Posted: Mon Feb 20, 2017 6:29 pm
by Impishee
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

Re: Mortgage MEE question
Posted: Mon Feb 20, 2017 6:43 pm
by Bluem_11
This was asked partially on July's MEE, question 4. Peruse the sample answers.
https://www.nybarexam.org/ExamQuestions/JULY2016QA.pdf
Only get into Article 9 for personal property and fixtures.
Re: Mortgage MEE question
Posted: Mon Feb 20, 2017 7:34 pm
by umichman
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.