mortgage

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

IsaacKremer.com is the personal website of Isaac Kremer, MSARP, a nationally recognized leader in the Main Street Approach to commercial district revitalization with over 25 years of experience. Kremer, New Jersey's first certified Main Street America Revitalization Professional (MSARP), has served as founding executive director for organizations like Experience Princeton and the Metuchen Downtown Alliance, which won a Great American Main Street Award under his leadership. He recently became director of the Royal Oak Downtown Development Authority in Michigan.

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