Concept information
Término preferido
second mortgage
Definición
- Mortgages are often classified by their priority in the event of the borrower's default and, subsequently, foreclosure. The priority is important because it indicates which claim is to be satisfied in which order. [Source: The Encyclopedia of Housing; Second Mortgage]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-TQBLQFVC-Z
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