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What defines a Senior lien?

Posted by Janice on February 14, 2004 at 4:04 AM

Hello All:
Wondering what determines if a lien is senior or junior? Is it which is bigger? Or, which came first?

Also, if I'm the successful bidder at a Trustee Sale (Arizona) which is based on a junior lien, will the senior lien holder contact me, or will I have to track them down? (...I worry because I've had little luck contacting loan holders prior to sales...)

Thanks so much for your expertise!
Janice


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