For a mortgagee in possession selling a property, it does not matter that the time may be unpropitious and that by waiting a higher price could be obtained: he is not bound to postpone in the hope of obtaining a better price.
Citations:
[1983] 1 WLR 1349
Cited by:
Cited – Silven Properties Limited, Chart Enterprises Incorporated v Royal Bank of Scotland Plc, Vooght, Harris CA 21-Oct-2003
The claimants sought damages from mortgagees who had sold their charged properties as receivers. They said they had failed to sell at a proper value. They asked whether the express appointment in the mortgage of receivers as agents of the mortgagor . .
Cited – Bradford and Bingley Bplc v Ross CA 11-Mar-2005
The appellant had charged his property to the claimant, and had then fallen into arrears. The property was sold, and the lender sought the balance outstanding from him. The bank failed to disclose that they had sold the property to an associated . .
Lists of cited by and citing cases may be incomplete.
Land
Updated: 12 May 2022; Ref: scu.187037