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Sunday, July 31, 2016

State v. Rosenthal & Rosenthal, Inc. v. Vanessa Benun (A-6-15; 076266)

State v. Rosenthal & Rosenthal, Inc. v. Vanessa Benun 
(A-6-15; 076266) 

When a lender holds a mortgage that secures optional future advances, the prior lien loses priority for advances made after actual notice of an intervening mortgage, in this case Riker’s intervening lien.