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Home > Services And Products > Private Lending > Caveat Mortgages Caveat MortgagesDefinition "Caveat Mortgages" Caveat, the third-person singular present subjunctive of the Latin cavere, means "warning" (or more literally, "let him beware"); it can be shorthand for Latin phrases such as: Caveat lector, "let the reader beware" Caveat emptor, "let the buyer beware" Caveat venditor, "let the seller beware" A "Caveat Mortgage" is an unregistered mortgage whose existence the lender has alerted the world to by lodging a caveat against the title to the security property. Registerding a caveat does not create a charge on the land. All a caveat does is put the world on notice that the lender claims he has an unregistered mortgage over the land.The unregister mortgage can however be ineffective for a multitude of reasons, and secure nothing. In Summary: Unregistered mortgage = Equitable mortgage Unregistered mortgage + Caveat = Caveat mortgage Equitable mortgage + Caveat = Caveat mortgage First Ranking Mortgages Second Ranking Mortgages Equitable Mortgages Mere Mortgages |
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