Unless there is a specific agreement to the contrary, the mortgage having first priority will be the
A) mortgage first recorded.
B) mortgage for the highest amount.
C) original construction loan.
D) mortgage with the earliest signature date.
Correct Answer:
Verified
Q1: Which is an example of pledged property?
A)
Q2: Of the following parties to a mortgage,
Q3: When a borrower gets behind on his
Q4: A mortgagee in a lien theory state
Q6: In some states, a mortgage is considered
Q7: Which lien would have highest priority?
A) Property
Q8: The parties to a mortgage are called
A)
Q9: A second mortgage is
A) a seller's lien.
B)
Q10: The phrase "jointly and severally liable" in
Q11: A "due on sale" clause
A) may be
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