Any mortgage or other lien that has a lesser priority than that of the first mortgage. The first mortgage is considered your senior mortgage and takes priority over all others. Types of subordinate financing include home equity loans, home equity line of credit (HELOC), and second mortgages.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
|
|
|
|
