If mortgagors sell the interest in their property without the consent of the mortgagee, _____.
A) they have acted illegally
B) the sale does not affect the mortgagee's interest in the property
C) the mortgagee will lose his or her interest in the property
D) the mortgagee will lose all claims against the mortgagor

Question

Quizplus · Accepted Answer

The owner (mortgagor) of property subject to a mortgage can sell the interest in the property without the consent of the mortgagee. However, the sale does not affect the mortgagee's interest in the property or claim against the mortgagor.

If Mortgagors Sell the Interest in Their Property Without the Consent