Define: First Mortgagee
First Mortgagee means the named holder of any first mortgage.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
First Mortgagee means the named holder of any first mortgage.
Relevant Circumstances
- Creation of security interest for a loan
- Purchasing or refinancing of real property
- Foreclosure or recovery proceedings