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Updated almost 6 years ago on . Most recent reply

User Stats

60
Posts
3
Votes
Ray Hayward
  • North Attleboro, MA
3
Votes |
60
Posts

MA - Abandon Property w Multiple Liens; which is priority

Ray Hayward
  • North Attleboro, MA
Posted

Hello,

I am researching an abandoned building which I finding has multiple liens.  I understand typically liens go first in time, but need some clarification for this scenario.

The are 3 liens on the property, here is the scenario:

1. Bank #1 Mortgage from 1998

2. Bank #2 Mortgage from 2003

3.  In 2007, Mortgage #1 was discharged but then the property was listed in a Promissary Note the same day of discharge

4.  Since the property has been abandoned the is also a municipal tax lien

Considering the scenario described, what is likely the lien priority order?

Many thanks in advance 

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