Showing posts with label lien priority. Show all posts
Showing posts with label lien priority. Show all posts
Tuesday, June 24, 2008
query: how does a lender get priority
The mortgage lender first has the title searched and confirms prior to recordation of their instrument that they will have the lien priority they desire. A smart first lien lender will insist upon a title insurance loan policy to guarantee that position.If the search reveals a lien in a superior position and the parties do not intend to satisfy that lien, they can negotiate for a postponement or
query: how does a lender get priority
The mortgage lender first has the title searched and confirms prior to recordation of their instrument that they will have the lien priority they desire. A smart first lien lender will insist upon a title insurance loan policy to guarantee that position.If the search reveals a lien in a superior position and the parties do not intend to satisfy that lien, they can negotiate for a postponement or
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