Lien Perfection.

Posted by Frank on April 26, 2005 at 21:21:46:

I an high bidder on a home in NC where the owner had a first, HELOC and a 3rd promissary note. Searching the public records , I found a lien perfection deed of trust recorded after the HELOC and before the 3rd promissay note.
Could someone explain what this lien perfection is? I have outbid the 1st leinholder after a couple overbids, so I know I'm not on the hook for the 2nd or 3rd. I'm a little confused. Does this recorded deed mean that it is the 3rd lien and the promissary note was forth?

Follow Ups:

• Re: One more question... - Frank 21:31:27 04/26/05 (0)

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: I an high bidder on a home in NC where the owner had a first, HELOC and a 3rd promissary note. Searching the public records , I found a lien perfection deed of trust recorded after the HELOC and before the 3rd promissay note.
: Could someone explain what this lien perfection is? I have outbid the 1st leinholder after a couple overbids, so I know I'm not on the hook for the 2nd or 3rd. I'm a little confused. Does this recorded deed mean that it is the 3rd lien  and the promissary note was forth?


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