Concept information
Terme préférentiel
second mortgage
Définition
- 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]
Concept générique
Appartient au groupe
URI
http://data.loterre.fr/ark:/67375/N9J-TQBLQFVC-Z
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