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Updated about 9 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Real Estate Investor
  • from State College , Pa
  • Member since Feb 9, 2009
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from State College , Pa
  • Member since Feb 9, 2009
Connect
Account Closed
  • Real Estate Investor
  • State College , Pa
173
Votes |
594
Posts
Foreclosures

Same day recording on morgage and LOC.

Account Closed
  • Real Estate Investor
  • State College , Pa
Posted

@Bill Gulley

I have a dumb question because I think I already know the answer.  Anyway I just want to be sure since $30000 is on the line.

When a mortgage is recorded on the same say as a LOC and the page for the mortgage is 1 less than the page for the LOC, the mortgage is considered senior to the LOC. Right?

For example mortgage is Book 1 Page 10 and the LOC is Book 1 Page 11.

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