Scanned 93 2022
Plaintiff defaulted on loan repayment, triggering mortgagee's power of sale. Auction was irregular but not unlawful; remedy is damages, not nullification. Transfer of title to 6th defendant was legal; 6th defendant is bonafide purchaser protected by law. Plaintiff cannot challenge sale after transfer; only remedy is damages. 6th defendant entitled to eviction but not damages for lost rent.
Source excerpt
- Mortgage default
- Power of sale
- Auction procedure
- Transfer of title
- Bonafide purchaser
- Damages