Executive Chief Consultant and Settlor at Quartz & Binary Synergy Limited • Managing Director/Chief Executive at Binary Ways Enterprises SMC Limited
#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."
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