Ask Question
9 March, 03:42

A home developer has an existing mortgage for the purchase of land. If the new lender of a second construction mortgage wants to ensure that the second construction mortgage takes priority over the existing first mortgage, what type of clause must be contained in the construction mortgage

+1
Answers (1)
  1. 9 March, 04:38
    0
    A Subordination Clause
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A home developer has an existing mortgage for the purchase of land. If the new lender of a second construction mortgage wants to ensure ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers