In a state where the liens date back to the start of construction, what priority will the permanent lender have if liens exist when the mortgage is recorded?
A) Last priority
B) First priority if the lender is a permanent lender
C) The same priority as the construction lender
D) Priority according to date of lien filings
Correct Answer:
Verified
Q51: Lien notice statutes:
A)Do not apply in residential
Q52: Who is generally not required to give
Q53: What is the rule on priorities between
Q54: In which of the following circumstances will
Q55: Which of the following properties is not
Q57: If (in an equal footing state), there
Q58: Ace Framers, Inc., has completed the framing
Q59: Janice Freeman has been constructing a home
Q60: Which of the following is critical for
Q61: What is the purpose of a preliminary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents