Finance
In Tennessee, a 'second mortgage' is:
AA mortgage on a second home
BA junior lien on a property that already has a first mortgage✓ Correct
CA mortgage obtained from a second lender on the same property on the same day
DA government-backed secondary mortgage
Explanation
A second mortgage is a junior lien on a property that already has a first mortgage. In foreclosure, the second mortgage is paid only after the first mortgage is satisfied.
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