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Updated almost 6 years ago on . Most recent reply

User Stats

161
Posts
27
Votes
Arcinio Arauz
  • Wholesaler
  • Atwater, CA
27
Votes |
161
Posts

Question on Jr (2nd position) VS Senior (1st) lien / DOT

Arcinio Arauz
  • Wholesaler
  • Atwater, CA
Posted

So what exactly makes a senior lien senior (1st) and a junior (2nd) junior? When referring to a deed of trust, is it the time/date when one was recorded or the dollar amount ?

For example if I take a loan (considering there are no other liens attached) for the amount of $50k on 2/14/18... then later take another loan for $100k on 7/17/18, which is Senior?

The first one I took because  it was recorded first or the second at a higher value yet a later date? 

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