Between a mechanic's lien and a mortgage recorded prior to the work beginning, which claim holds priority for payment during a forced sale of the property?
A mortgage recorded prior to the commencement of work holds priority over a mechanic's lien. A mortgage is a legal agreement where a property owner pledges their real estate as collateral for a loan, and it is perfected, or legally secured, once it is officially recorded in the public land records. A mechanic's lien is a legal claim filed by a contractor, subcontractor, or supp....
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