Real Estate Exam Question of the Day -- Lien Priority
What does a first mortgage holder have with respect to junior lien holders?
A. subordination B. priority C. title D. liens over ____
The answer is B. Lien priority refers to the right of one creditor to be paid before others. Lien priority typically follows a "first in time, first in right" principle--the first lien to be recorded in county official records will have priority over later recorded liens. Degree Real Estate Academy Florida Online Real Estate School in Orlando
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