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.
- Home
- Uncategorized
- Word-Of-The-Day: First Mortgage
Word-Of-The-Day: First Mortgage
Written by Armeshica Guice on . Posted in Uncategorized
Trackback from your site.