Massachusetts General Laws ch. 206 sec. 9 – Mortgaged realty; manner of accounting; right of entry
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Section 9. If a mortgagee of real estate or an assignee of such mortgagee dies without having foreclosed the mortgage, the mortgaged property and the debt secured thereby shall be personal assets in the hands of his executor or administrator, and shall be administered and accounted for as such; and the executor or administrator shall have the same rights of entry and of action under said mortgage as the mortgagee or his assignee.
Terms Used In Massachusetts General Laws ch. 206 sec. 9
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Executor: A male person named in a will to carry out the decedent
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.