71-1-230. Action to redeem mortgage.
79 words·~1 min read·
/mt/title-71/chapter-1/part-2/71-1-230·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
71-1-230 . Action to redeem mortgage. An action to redeem a mortgage of real property, with or without an account of rents and profits, may be brought by the mortgagor or those claiming under the mortgagor against the mortgagee in possession or those claiming under the mortgagee unless the mortgagee in possession or those claiming under the mortgagee have continuously maintained an adverse possession of the mortgaged premises for 10 years after breach of some condition of the mortgage.