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Updated: May 9, 2025
Had the claim been made direct to you, you would naturally have got some sharp lawyer to investigate it, and, it would have been inquired into a good deal more closely than the official liquidator probably took the trouble to do. A mortgage, of which no one knows anything until after the mortgagor's death, would always be looked upon with suspicion, and some collateral proofs would be required.
Often a life insurance policy is used as security for the payment of a mortgage. The mortgagee, if there be buildings on the property, should see that the buildings are insured and that the policy or policies are made out in his name. If the insurance policy is in the mortgagor's name he may collect and keep the insurance money.
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