Legal Precedence

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January 1, 1 6 min read Definitions
Priority
Priority Legal Precedence Foreclosure Lenders Real Estate Loans Creditors Debt Repayment Financial Obligations
In real estate, 'Priority' refers to the order in which creditors will be repaid in the event of a foreclosure. This can significantly impact which stakeholders are paid first and who might not receive any repayment if funds are exhausted.
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