Extinguishing of equity of redemption

Extinguishing of equity of redemption,

Definition of Extinguishing of equity of redemption:

  1. Judicial procedure through which the property rights of a defaulting mortgagor are annulled so that the mortgagee can foreclose on the mortgaged property and sell it.

Meaning of Extinguishing of equity of redemption & Extinguishing of equity of redemption Definition