Lien Junior

Definition of "Lien, junior"

Subordinate lien to a previous lien. Generally attached after a previous, and therefore senior, lien has been attached to property. In the event of a foreclosure action where there are insufficient proceeds to cover all the claims against the property, a junior lien can be satisfied only after all senior liens are satisfied.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ