Mortgage liability in terms of interest applicable to late payment: the significance of its proper quantification

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Mortgage liability in terms of interest applicable to late payment:  the significance of its proper quantification

In this note, the significance of properly quantifying what is included in the mortgage liability with respect to the item of late payment interest is analysed, in order to avoid unforeseen future situations when fulfilling the destination of the sums obtained as a result of the foreclosed/mortgaged property's execution.

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