Whether the mortgagee could realize the mortgage after the expiration of the mortgage registration term?
In order to do business with Company A, Company B mortgaged two properties to A and completed the mortgage registration. A sued B for a dispute and won the case. However, when A applied for the enforcement of two properties, it encountered two problems: the mortgage registration term agreed by both parties and actually registered was about to expire, and it is obviously that the court would seal up the properties after the expiry date; and B was deeply in debt, it had mortgaged two properties to serval other creditors (Company A’s mortgage was the first), and it was involved…