What happens to a mortgage that is recorded following the start of construction on the property?

A) The mortgage still has first priority
B) The mortgage has a lesser priority than the construction liens
C) The mortgage is invalid
D) None of the above

B

Business

You might also like to view...

Technically, what is meant by the amortization of a bond discount, and why is it necessary?

View
Business

Which of the following emphasizes the social and emotional needs of individuals?

a. concern for task results b. concern for people c. concern for deadlines d. all of these

View
Business