VIDEO · 28 FEBRUARY 2023

Mortgagee in possession?

Cathro & Partners

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Link to video discussing what a mortgagee in possession is, appointing an agent, standard duties of the agent and more.

AustraliaFinance and Banking

Simon Cathro

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What is a Mortgagee in Possession? This video outlines the Mortgagee in Possession process, timelines, duties of an Agent and the benefits of such an appointment.

In the video, you'll discover these key points:

What Mortgagee in Possession is
How is an Agent for Mortgagee in Possession appointment commenced
What are the standard duties of an Agent for Mortgagee in Possession
What are the benefits of an appointment of an Agent for Mortgagee in Possession
How are the proceeds from the sale of the property distributed
How long does it typically take to complete the process

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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