Mortgagee in Possession

What is a Mortgagee in Possession?

This video outlines the Mortgagee in Possession process, timelines, duties of an Agent and the benefits of such an appointment.

In this video, you will discover the following key points:
1. What Mortgagee in Possession is
2. How is an Agent for Mortgagee in Possession appointment commenced
3. What are the standard duties of an Agent for Mortgagee in Possession
4. What are the benefits of an appointment of an Agent for Mortgagee in Possession
5. How are the proceeds from the sale of the property distributed
6. How long does it typically take to complete the process

Cathro and Partners' educational videos aim to outline the types of insolvency and restructuring options available with a brief overview of the steps required to undertake each option. Each video enables a high level of understanding of each option to be initially briefed on choosing which option is best. These videos provide stakeholders such as creditors, banks and employees an understanding of what requirements need to be undertaken during the course of a particular insolvency path.