When a borrower defaults upon their mortgage payments, the lender may decide in favor of selling the property in the capacity of a means for achieving recovering their losses. This act is known as a mortgagee property sale. Throughout this process, several processes occur encompassing the lender, th

A mortgagee sale on Trade Me Property presents a unique situation for purchasers to acquire properties at potentially attractive prices. These sales occur when the owner fails to make their mortgage payments, leading the bank to sell the asset to retrieve their losses. Sometimes these properties ar