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... > contexts > demography > residence characteristics > housing > mortgage finance > second mortgage
... > contexts > population characteristics > health > public health > epidemiologic measurements > demography > residence characteristics > housing > mortgage finance > second mortgage
... > contexts > population characteristics > demography > residence characteristics > housing > mortgage finance > second mortgage

Preferred term

second mortgage  

Definition

  • Mortgages are often classified by their priority in the event of the borrower's default and, subsequently, foreclosure. The priority is important because it indicates which claim is to be satisfied in which order. [Source: The Encyclopedia of Housing; Second Mortgage]

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https://concepts.sagepub.com/social-science/concept/second_mortgage

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