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Can any person other than the mortgagor sue for the redemption of the mortgaged property?

April 26, 2017mortgaged mortgagor person Property redemption Sue

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Can any person other than the mortgagor sue for the redemption of the mortgaged property?

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Any person who has an interest or charge upon the said property can redeem the property by payment of the tender money. Also if the payment of the debt has been guaranteed by another person, such surety can sure for the redemption of the property. Any creditor of the mortgagor is also in a position to redeem the mortgaged property after he has successfully obtained a decree from the courts allowing him to sell the said property. On redemption, such person will step into the shoes of the mortgagee as regards the mortgagor and will enjoy all the rights relating to sale, foreclosure or redemption of such property. This right is known as the right of subrogation.