What is a defaulting mortgager?

Author
MyProperty Namibia
Namibia's #1 independent property portal

When a person (mortgagor) borrowed money from a financial institution (bank) to buy a property, breaches (default) the loan agreement (mortgage), which may lead to the sale of that property.

Real Estate Tools
icons_2
Property Law
Contact our partner attorneys with your conveyancing and property law questions
Bond Calculator
Calculate the estimated repayments on a home loan and savings with extra payments