Posted on: 27th Apr, 2010 08:31 pm
Does a document recorded earlier than other makes it to be legally prefer or more binding than the other or , if they are both liens?, or if one is a promisory note and the later a lien?, or if they are both promisory notes of the same type?.
Hi interkey,
The lien which has been recorded earlier will be satisfied first rather than the lien which has been placed at a later date. The lien which has been placed at a later date will be considered as a subordinate lien.
Thanks
The lien which has been recorded earlier will be satisfied first rather than the lien which has been placed at a later date. The lien which has been placed at a later date will be considered as a subordinate lien.
Thanks