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Equity of redemption information


The equity of redemption refers to the right of a mortgagor to redeem his or her property once the debt secured by the mortgage has been discharged.

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Equity of redemption

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The equity of redemption refers to the right of a mortgagor to redeem his or her property once the debt secured by the mortgage has been discharged. Historically...

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Maxims of equity

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Maxims of equity are legal maxims that serve as a set of general principles or rules which are said to govern the way in which equity operates. They tend...

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Right of redemption

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amount of the debt. About half of all U.S. states have a statutory provision that allows such a reclamation of property. Equity of redemption "equity of redemption"...

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Mortgage law

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equity of redemption) being retained by the mortgagor (the borrower in the loan). The fact of the mortgagor's retaining of the "equity of redemption"...

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British South Africa Company v De Beers Consolidated Mines Ltd

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is a judicial decision of the English Court of Appeal relating to the conflict of laws, and clogs upon the equity of redemption. The British South Africa...

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Santley v Wilde

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"clog" on the equity of redemption. The court held on the facts that a provision giving the lender a share of the profits of the operations of the theatre...

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Mortgages in English law

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the mortgagor had a separate species of property right in equity, which came to be known as the "equity of redemption". Similar to this, a separate but confusingly...

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Kreglinger v New Patagonia Meat and Cold Storage Co Ltd

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(ii) the exclusivity provision was in the nature of a penalty or a clog on the equity of redemption and should be consequently held void, and (iii) that...

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Security interest

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by the order of the court, not by any person. In the strict legal sense it is nothing more than the destruction of the equity of redemption which previously...

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Knightsbridge Estates Trust Ltd v Byrne

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it was exempt from the rule of equity on clogs of redemption and the contract stayed as it was created. In the Court of Appeal, Lord Greene MR held that...

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Vernon v Bethell

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law case, where it was affirmed that there could be no clog on the equity of redemption. In justifying this rule, Lord Henley LC made the famous observation...

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Statement of changes in equity

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statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a...

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Foreclosure investment

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termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage. Depending on the type of foreclosure proceeding...

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Fairclough v Swan Brewery Co Ltd

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that restrictions on the right to redeem a mortgage are void. The equity of redemption means that borrowers are able to sell or obtain new mortgage finance...

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Chattel mortgage

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will be transferred back to the debtor upon repayment (known as the equity of redemption). (If the chattel mortgage does not meet the statutory requirements...

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Foreclosure

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lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this...

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United Kingdom insolvency law

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not subject to the rule against "clogs on the equity of redemption". This old equitable rule was a form of common law consumer protection, which held that...

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Index of real estate articles

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Protection Agency Equal Credit Opportunity Act (ECOA) Equitable title Equity Equity of redemption Escheat Escrow Escrow account Escrow agent Escrow instructions...

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Mortgage

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amount outstanding, which may be a "natural redemption" at the end of the scheduled term or a lump sum redemption, typically when the borrower decides to...

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Convertible bond

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common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th...

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Buchler v Talbot

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For the purposes of paying off the secured debt, it is his fund. The company has only an equity of redemption; the right to retransfer of the assets when...

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Equity sharing

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has to buy out the equity stake at the relevant percentage of the then market value. There is generally no penalty on early redemption or partial buy-backs...

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Roseneath Cottage

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making a "release of equity of redemption" to her, presumably giving her control over Lot 12 Section 10, the land on which most of Roseneath Cottage is...

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List of acts of the Parliament of Great Britain from 1792

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complete list of acts of the Parliament of Great Britain for the year 1792. For acts passed until 1707, see the list of acts of the Parliament of England and...

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