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Re: What is a junior "bene"

Posted by Ward-CA- on January 10, 2002 at 5:04 PM

In Reply to: What is a junior posted by Terry on January 10, 2002 at 11:58 AM

: What does "bene" stand for?

: thanks

=•=•=•=•=•=•=•=•=•=•=

Terry, in the internet world everything seems to get abreviated. Bene stands for Beneficiary, a lender whose loan is secured by a recorded deed of trust.

A junior beneficiary is a lender secured by a junior deed of trust on a property such as a 2nd, 3rd, etc.



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