Lien Priority
The order in which liens are paid outof the proceeds of a foreclosure sale. Tax liensalways have the highest priority.
More Real Estate Definitons
Mechanic’s lienKeogh PlanVerifyBill of saleAppealTrialSubstitutionLicenseImpound AccountAssessing UnitGift DeedDue DiligenceSlabQuick AssetsSheriff’s SaleHabendum clauseZoning VarianceNulla BonaInterstateTruck IndentureKeystoneUnderwritingRecitalOriel WindowRecastingMortgage ClauseBuildingGalleryZoning MapSurveyKioskYieldKickerDepositionTrust AgreementYardGambrel RoofKilogramHollow WallPermit SystemDormer WindowBulkhead