Mortgage Saving Clause

Concept of Mortgage Saving (or Savings) Clause in the context of Real Property

A short definition of Mortgage Saving (or Savings) Clause: A clause in the CC&R’s (covenants, conditions, and restrictions) which states that a violation of the CC&R’s shall not defeat a subsequent mortgage made in good faith and for value.

Concept of Mortgage Saving (or Savings) Clause in the context of Real Property

A short definition of Mortgage Saving (or Savings) Clause: A clause in the CC&R’s (covenants, conditions, and restrictions) which states that a violation of the CC&R’s shall not defeat a subsequent mortgage made in good faith and for value.