Finance
A Hawaii buyer finances a condominium purchase using a second mortgage. The second mortgage lender is:
AA. In a junior lien position, subordinate to the first mortgage✓ Correct
BB. In a senior lien position superior to all other claims
CC. In an equal position to the first mortgage lender
DD. Not entitled to foreclose under Hawaii law
Explanation
A second mortgage is in a junior (subordinate) position to the first mortgage, meaning it is paid only after the first mortgage is satisfied in a foreclosure.
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