Real Estate/Development
Oct. 5, 2001
Closed Circuit
Figuring out lien priorities on real property may not be a simple matter of determining order of lien recordation. Subordination agreements affect priority and potentially can create a conundrum known as "circuity of liens." This situation involves the effects of subordination of a first-priority lien to a subsequent lien upon the priority of an intervening lien.
Figuring out lien priorities on real property may not be a simple matter of determining order of lien recordation. Subordination agreements affect priority and potentially can create a conundrum known as "circuity of liens." This situation involves the effects of subordination of a first-prio...
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