Equitable Mortgage

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January 1, 1 6 min read Definitions

Equitable Mortgage Legal Agreement Property Encumbrance Mortgage Loan Real Estate Law Court Enforcement

An equitable mortgage is a legal arrangement where the property is encumbered similarly to a traditional mortgage loan but may not technically qualify as a mortgage due to a legal error or omission in documentation. Despite these errors, the courts can enforce an equitable mortgage to reflect the intentions of the parties involved.