James is unable to pay all of his bills and pay his mortgage payment. His second mortgage lender forecloses the property. James has first mortgage, a second mortgage, and there is a mechanic’s lien; his property taxes are also not paid. Which of these liens will be paid first?

The liens which will be paid first is the real estate property taxes because they are always the lien paid first in a foreclosure.

Here, the borrower has to pay for the first lien because the payment for the tax lien is always considered as the first priority and then, other liens will follow sequentially.

Hence, the liens which will be paid first is the real estate property taxes because they are always the lien paid first in a foreclosure.

Therefore, the Option D is correct.

Missing option " That would depend on when everything was recorded. The first deed of trust is always paid before other liens. The second deed of trust was the one who foreclosed, so it will be paid first. The real estate property taxes are always the lien paid first in a foreclosure."

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i think it can have both positive and negative effects on businesses.

for example:

lets say you own a small business and taxes go up 4% that means it is going to cost your business more money to buy product to sell. but at the same time you make more money from the tax rise.

that is my theory.

answer:

yes, obviously. that violates r@pe and p*dophilia laws, which are some pretty serious laws if you ask me. and that is just nasty!

explanation: