Recently I was flicking through a newspaper real estate magazine and happened upon a house advertised as a 'Mortgagor's Auction'. It made my blood boil. I think the intention of such and ad is to make some people think it is a mortgagee auction and therefore maybe a cheap buy.

I checked with the agent just in case it was spelling error but no such luck. I was informed that it is just 'clever marketing' designed to get people through the door!

I contacted the community paper that prints the magazine to see what the editor's thoughts on such an advertisement is. In giving me his response it became very clear that he had confused the words mortgagor and mortgagee so what hope would the average person have?

Here is the response I recieved:

Thanks for your email.
> A mortgagor is the person who lends the money, while the mortgagee is
> the person the property is mortgaged to. In this case I believe the ad
> refers to the lender auctioning the house.
> If you have any further concerns it may be prudent to contact .............directly.
> Kind regards