Property Ownership
What is a 'subordinate lien' in Rhode Island real estate?
AThe first mortgage on a property
BA lien that is lower in priority than the first mortgage or another senior lien✓ Correct
CA tax lien with super-priority
DA CRMC easement for coastal access
Explanation
A subordinate lien (junior lien) holds a lower priority than the first mortgage or other senior lien. In the event of foreclosure, the senior lienholder is paid first from proceeds, and subordinate lienholders are paid from any remaining funds.
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