What is the role of the mortgagee?

The role of the mortgagee is to lend money. In a mortgage transaction, the mortgagee is typically the lender, often a bank or financial institution, that provides the funds to the borrower (mortgagor) in exchange for the property's security interest. This means that if the borrower defaults on the loan, the mortgagee has the legal right to foreclose on the property to recover the outstanding debt. This role is crucial in real estate transactions, as it facilitates the purchase of property by allowing buyers to access the necessary financing.

The other options do not accurately reflect the function of a mortgagee: borrowing money relates to the actions of the mortgagor, acting as an attorney refers to legal representation, and assisting with property management pertains to a completely different aspect of real estate operations.