Equitable Mortgage
A New Law Dictionary and Glossary · Alexander M. Burrill · 1850
A New Law Dictionary and Glossary
A mortgage arising in equity, out of the transactions of the parties, without any deed or express eontract for that sp^ecic^ purpose.
4 Eenfs Com. 160.
Thus, if a debtor deposits his title deeds with a creditor, it is evidence of a valid agreement for a mortgage, and amounts to an equitable mortgage, which is not within the operation of the statute of frauds. Id. ibid.
Burtons Beal Prop. 484, pi. 1670.
Cross on Lien, chap. x.
Miller's Law of Equitable Mortgages, 1, et passim. 2 Crabb's Beal Prop. 848 — 855, §§ 2208—2208. White's Lead. Equity Cases, 440. Id. 465, (Am. ed.) note.
In Pennsylvania, the validity of this kind of mortgage is not recognized.
3 Penn. St. (Barr's) B. 238.
The mortgage of an equitable estate or interest.
Holthouse. Miller's Law of Eq. Mortg. 1.