
A Junior Lien is usually a second mortgage or home equity lien of credit but can also be mechanic's liens, child support liens, credit card liens, attachment for repossessed automobile or a number of other situations. Many home owners financed their home with a combination of two loans. They are called Junior Liens because they are junior or second in line to the primary or first lien (usually your first mortgage). The order that the liens are filed are usually the order that they get paid … Continue reading...