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Updated almost 6 years ago on . Most recent reply
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MA - Abandon Property w Multiple Liens; which is priority
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