Isaac Kremer/ June 21, 2019/ / 0 comments

Pledgling property as security for a loan to purchase or construct a building. A first mortgage is one obtaining primary consideration when unpaid debts are settled through liquidation or bankruptcy or other forced sale of a property. A junior mortgage is a second, third, or other mortgage receiving consideration with less priority. (Ziegler, 1975)

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About Isaac Kremer

Isaac D. Kremer, MSARP, is a nationally recognized expert in the revitalization of commercial districts. Professionally he is the Executive Director of Experience Princeton, a business improvement district in Princeton, New Jersey. Kremer is a sought after speaker having been invited to speak at over 30 conferences. The prior two downtowns he managed were named Great American Main Street Award (GAMSA) Semifinalists, and Metuchen, New Jersey where he and his family live was named a GAMSA winner in 2023 by Main Street America.

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