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Who's Paying Whom?

March 01, 1987

This is in connection with the Mankoff cartoon in Business section of Feb. 18.

Please tell Mankoff that when one pays a mortgage, he is the mortgagor, not the mortgagee. A co-payer is a co-mortgagor. I think this is what he meant to say, as a co-mortgagee would be one of two persons receiving the payments made by a mortgagor. In my business, as an escrow officer for 29 years, I have to correct most people every day.

HENRY W. KYSTER

Claremont

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