what is a 2nd. lienholder?

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

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Jennifer Blanchard’s answer
Jennifer Bla…, Agent, Basking Ridge, NJ
Tue Sep 11, 2012
A mortgage is a 1st lien holder. A 2nd lien holder is a sub-lender - if a person has a home equity line of credit or a second mortgage, those lenders are considered 2nd lien holders. Does that answer your question?
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