October 1, 2020 – Articles
Lending Law Update: Change in Delaware Mortgage Priority Statute Benefits Banks
Delaware Banker, Vol. 16, No. 4, Fall 2020
Real estate mortgage lending is underwritten on the value of the financed property, making the lien priority of the mortgages securing these loans paramount. In Delaware, a new tool exists in helping banks achieve the coveted first mortgage lien position.
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