Principle

PROPERTY LAW — Mortgage — Exercise of Power of Sale — Undervalue Alone Not Sufficient to Vitiate Sale

Area of law
PROPERTY LAW
Court
Supreme Court

Undervalue alone does not vitiate a mortgagee's sale. Fraud or gross undervalue must be shown. The principle applies to mortgage law. The mortgagee must act bona fide. The rule protects purchasers. The mortgagor may claim damages for improper exercise. The principle is well-established.

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