A mortgage right is a security interest over land that gives some creditors priority over other creditors in the settlement of a particular debt. This implies that, in the event of a debtor default, the mortgagee will have priority over other creditors to sell the mortgaged land at public auction in accordance with the applicable statutory regulations.
What would happen then if the object has already been executed but the APHT is found to be legally defective? Check out our BILLawFact.
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