If the mortgagor fails to do so the decree is made absolute and the land vests in the mortgagee free of the mortgagor 's equity of redemption and free of the interests of subsequent mortgagee .
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A foreclosure order vests the title in the name of the mortgagee and extinguishes the interests of the mortgagor and all subsequent mortgagee : Conveyancing and Property Ordinance ( Cap219 ) s53 ( 2 ) .
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美[ˈsʌbsɪˌkwɛnt ˌmɔrɡɪˈdʒi]英[ˈsʌbsikwənt ˌmɔ:ɡəˈdʒi:]
[法] 次质权人