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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
The U.S. is facing a housing deficit of about 3.2 million units, and the situation is especially dire in urban areas like New York. It’s one of the reasons prospective homebuyers are finding […]
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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceLending 101—what determines 1st position?
Elaine Hester's profile image
Elaine Hester's profile image
Elaine Hester
  • Rental Property Investor
  • from Vista, CA
  • Member since Jul 13, 2017
  • Posts 44
  • Votes 19
  • Experience 17 Yrs
  • Investments 11
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44
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Elaine Hester's profile image
Elaine Hester's profile image
Elaine Hester
  • Rental Property Investor
  • from Vista, CA
  • Member since Jul 13, 2017
  • Posts 44
  • Votes 19
  • Experience 17 Yrs
  • Investments 11
Connect
Elaine Hester
  • Rental Property Investor
  • Vista, CA
19
Votes |
44
Posts
Private Lending & Conventional Mortgage Advice

Lending 101—what determines 1st position?

Elaine Hester
  • Rental Property Investor
  • Vista, CA
Posted Jan 21 2019, 20:23

This sounds like a ridiculous question as I'm asking it, but I have heard of people thinking they are in 1st position when it turns out they're actually in 2nd ... since I am new to lending, I want to know what specific document or verbiage a lender would require to ensure they are in first lien position. Thanks for your help!

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