Definition of "Lien, junior"

Helen N. Fowler real estate agent
Helen N. Fowler, Real Estate Agent Axcent Realty

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.

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