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Lenders dispute lien priority after default
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Court Report
Monday, October 29, 2018
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After property owners in New Jersey defaulted on a business loan that attached a mortgage on their property, the lender filed a foreclosure action. Later, the lender who had executed a mortgage on the property a week before the business lender filed a foreclosure action. The two lenders disputed whose mortgage had priority. Read on for more details.
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