Posted on: 05th Apr, 2011 09:00 am
Mortgage A signed on 11-15-2009.
Mortgage A recorded on 04-16-2010.
Mortgage B signed on 04-08-2010.
Mortgage B recorded on 04-15-2010.
Question: Which is the 1st (Superior) Mortgage?
Mortgage A recorded on 04-16-2010.
Mortgage B signed on 04-08-2010.
Mortgage B recorded on 04-15-2010.
Question: Which is the 1st (Superior) Mortgage?
Mortgage B was recorded 1st, therefore Mtg B is in first lien position.
Hi Guest,
I agree with Guest. The mortgage which was recorded first will be considered as the first lien on the property.
I agree with Guest. The mortgage which was recorded first will be considered as the first lien on the property.