Legal Question in Real Estate Law in Massachusetts
Second mortgage Holder and execution lien
A private company is willing to lend me some money. But they want to be placed asa second mortgage holder. I have a 1st mortgage and a execution lien from a judgement that was rendered a 1.5 yrs ago. Can I place this company as a second lien holder against my property even with the judgement lienlien
Asked on 4/23/09, 4:07 pm
1 Answer from Attorneys
Michael T. Dwyer
LAW OFFICE OF MICHAEL T. DWYER
Re: Second mortgage Holder and execution lien
No! Only if the second lienholder agrees to be in third.
The Execution if recorded properly would sit in second position
Answered on 4/23/09, 4:12 pm