what is a 2nd. lienholder?

Asked by Witkowski, Old Bridge, NJ Mon Sep 10, 2012

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Elisa Dewees’ answer
Elisa Dewees, Agent, Cherry Hill, NJ
Tue Sep 11, 2012
When an owner has either more than one mortgage (second mortgage usually called a Home Equity Loan) or a line of credit against the home. There could be other lienholders which have claims to the home. The first lienholder is typically the bank who holds the primary mortgage.
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