A provision in a mortgage agreement waiving the mortgagor’s right to redeem the property after default is generally unenforceable.
False
True
The right to redeem is a fundamental principle in mortgage law, allowing a mortgagor to recover their property by paying off the mortgage debt. Courts typically refuse to enforce provisions in mortgage agreements that waive this right because they violate the principle of equity of redemption. This principle prevents a mortgagor from being permanently deprived of their property unfairly. Such clauses are often deemed a ‘clog’ on the equity of redemption, which is not permissible under most jurisdictions.
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
All Bar Prep Package plans include the following perks and exams .
Our pricing is simple. Full access to all certifications and exams in each package, for one price.
As many practice tests for as many topics as you want.
Use study mode non-stop, no limits.
Access to our AI assistant, Bash, trained to help you pass your exam.
Track your scores over time in study mode and report cards.
See how you improve over time, and where you need to focus.
All Bar Prep Package plans include unlimited access to the following study materials.
Create an account or sign in to access our study materials.