Lien Priority
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Lien Priority
You may or may not be aware, but a deed of trust is actually a lien on a piece of real property. What is a lien? A lien is a legally recognized claim or hold against one person’s item by another which utilizes this item as security for a duty, debt or obligation. If there is more than one lien on a piece of real property there could be a number of reasons for this. Some of the liens an investor may encounter include:
- Tax liens.
- Mechanic’s liens.
- IRS liens.
- Judgment liens.
- Etc.
Related posts:
- Typical Borrowers II
- Trust Deeds Basics
- Typical Borrowers
- Trust Deed | Title Insurance Policy
- Trust Deeds | What is insured by policies?
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