Rights of Mortgagees
Sir, —1 cannot quite understand the present situation, that is, why the mortgagee should be so punished. I lent £2OOO to a man, who wished to take his family for a trip to England, the security being his beautiful home. Had he not wished to travel, there was no need to borrow the money. This man and his family have returned, bringing with them a most expensive car and a wireless set. They entertain a great deal, and are able to send their children to boarding schools. 1 have.none of these things, and am forced to live, in a furnished room. I find it almost impossible to manage bow that interest has been reduced.
The mortgagee is usually a widow or elderly man past work; many of them cannot continue paying their way unless the burden is lightened.—l am. etc., A MORTGAGEE. Palmerston North, January 20.
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Bibliographic details
Dominion, Volume 26, Issue 101, 23 January 1933, Page 11
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149Rights of Mortgagees Dominion, Volume 26, Issue 101, 23 January 1933, Page 11
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