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Which is first when liens are recorded at the same time?
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Court Report
Wednesday, March 14, 2018
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A California court had to determine which lien had priority when a mortgage and a HELOC were recorded at the same time and the HELOC was given the lower number. A borrower defaulted on the loans and the assignee of the HELOC went to court to determine whether the mortgagee or other parties were due the surplus funds from its sale. Read on for more details.
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