A mortgage on property that is property that is superior in the right to any other mortgage. It is not enough that a mortgage is the first to be executed or that the parties call it a first mortgage; absent subordination, it must be recorded 
first.
A mortgage on property that is property that is superior in the right to any other mortgage. It is not enough that a mortgage is the first to be executed or that the parties call it a first mortgage; absent subordination, it must be recorded first.
Trackback from your site.
