Creditor's Mortgage Priority Suit
May 22, 2019OUTCOME: Judgment for Creditor
Attorney Perl represented Creditor, who held a second mortgage on property in Massachusetts, in a law suit to declare priority of the Creditor’s mortgage over other mortgages on the property. The first ... mortgagor, after foreclosing on the property, received a surplus in funds that was available for junior mortgagees. After filing a motion for summary judgment, Creditor’s mortgage was declared priority of the mortgages of 6 other creditors, and Creditor was paid the surplus funds in the amount of approximately $28,000.00.
