An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien on the same realty.
Related information about junior lien:
- What Is a Junior Lien Holder? | Home Guides | SF Gate
When you take out a mortgage loan, the lender acquires a lien or financial stake in your property that he can attempt to claim by foreclosure if you default on the ...
- Home Sales Held Hostage by Junior Lien Holders: Mortgages ...
Jul 23, 2012 ... Tom Axon's mortgage-collection firm gets about 25 calls a day from delinquent homeowners' brokers seeking approval to sell their houses for a ...
- What is junior lien? definition and meaning
Definition of junior lien: An obligation, such as a second mortgage, that is subordinate in right or lien priority to an existing lien on the same realty.
- junior lien or mortgage - Financial Dictionary - The Free Dictionary
Refers to the priority of payment if a property must be liquidated to satisfy the debts against it.The first recorded lien or mortgage will be paid first out of sale ...
- Junior Liens Get in the Way of Short Sales | The Niche Report
Jul 24, 2012 ... The motivation is certainly there: Under the Home Affordable Foreclosures Program, junior lien holders can get up to $8,500 from the ...
- Junior Lien: Definition from Answers.com
lien that will be paid after earlier liens have been paid. See also JUNIOR MORTGAGE ; SUBORDINATION.
- Junior Lien Holders and Short Sales
Jul 5, 2011 ... Increasingly junior lien holders have some strategies up their sleeves. If they want more money than is allotted by the first lien holder, they may ...
- How to Negotiate With a Junior Lien Holder
Nov 14, 2012 ... The Short Sale Expeditor weighs in on trouble dealing with junior lien holders in short sale transactions.