"Mortgagee" shall mean any party to a mortgage agreement whose interest in that agreement
is secured by a lien on residential property who has filed an action in foreclosure
on the particular premises at issue. For the purposes of Chapter 1123, the party shall be considered the mortgagee until title to the premises is transferred
to a bona fide owner-occupant or unaffiliated third-party.
(Ordained by Ord. No. 195-2012, § 1, eff. July 6, 2012; a. Ord. No. 035-2014, § 1,
eff. April 12, 2014; a. Ord. No. 343-2015, § 1, eff. Dec. 4, 2015)
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