Legal Question in Real Estate Law in Missouri
In the state of Missouri, is a promissory note held by an individual on a piece of commercial property senior to the bank's mortgage on the same piece of commercial property?
Asked on 6/06/10, 8:20 am
1 Answer from Attorneys
Anthony Smith
LawSmith
If the note was recorded before teh mortgage, then it may be superior. Other wise, a previously deed of trust would be superior.
Good luck
Answered on 6/07/10, 1:16 pm