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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Dummie me.... Posted by Ward-CA- on April 13, 2008 at 4:26 PM In Reply to: AJ recorded 10/23/03, but prior to mortgage from 7/22/04 posted by Rick, the Probate Guy on April 13, 2008 at 1:38 PM Rick, You are right. I assumed that the numbered order David used to list the liens in his post reflected when they were recorded. Thus I didn't pay any attention to the dates. -------Ward ========== : You may be right. Perhaps Ward missed the recording dates. : I guess that it's possible that if the $355K mortgage were purchase money, the lender may not have required the AJ to be satisfied. : Alternatively, we occassionally leave AJ in senior position on our private money probate deals because I know how to deal with them later in the unlikely event that I've have to. : But you're right, this is a race to record State. From a practical standpoint I'd be surprised if this AJ still survives as the mortgage lender would have most likely (but not certainly) required the AJ paid (or at least released from the PIQ). : Any other perspectives? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Rick, : You are right. I assumed that the numbered order David used to list the liens in his post reflected when they were recorded. Thus I didn't pay any attention to the dates. : -------Ward : ========== : : : You may be right. Perhaps Ward missed the recording dates. : : I guess that it's possible that if the $355K mortgage were purchase money, the lender may not have required the AJ to be satisfied. : : Alternatively, we occassionally leave AJ in senior position on our private money probate deals because I know how to deal with them later in the unlikely event that I've have to. : : But you're right, this is a race to record State. From a practical standpoint I'd be surprised if this AJ still survives as the mortgage lender would have most likely (but not certainly) required the AJ paid (or at least released from the PIQ). : : Any other perspectives? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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