on the basis that the equity pledge clogged the mortgage borrower’s equity of redemption – i.e., the theory described above. The judge found the parties to the financing to be “commercially ...

In recent years, we have seen an increase in the number of mortgage lenders that require a pledge of the equity interests in the mortgage borrower in addition to the granting of the mortgage ...

3 Unclogging the Equity of Redemption Without “DRANO”: Recent New York State Decision Sheds Light on Mortgage Loans Additionally Secured by Equity Pledges, July 27, 2018, available at https ...

A reverse mortgage is ideal for seniors who may have limited financial resources, as no payment is required. So if you have ...

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[Release, Bar Foreclosure and Revival of the Right to Redeem; Clogging Equity of Redemption], 29 N.J. Practice, Law of Mortgages, Sec. 8.1 et seq. [Disguised Security Transactions – In General ...

[6] Others have contended that the dual collateral in a mortgage transaction unreasonably impairs or ''clogs" the borrower's equity of redemption. [7] Although this practice of requiring dual ...

And, in some cases, you may have enough home equity to pay off your mortgage with a home equity loan or HELOC. But should you use your newfound home equity to pay off your mortgage? Here's what ...