Future Advance Mortgages: The Law From the Past Remains the Law (With Perhaps One Exception) in the Present

Rosenthal & Rosenthal, Inc. v. Benun, ___ N.J. ___ (2016).  A future advance mortgage, in broad outline, is a mortgage that secures a loan that is made in stages, rather than all at once.  This case called on the Supreme Court to decide whether and when such a mortgage has priority over an intervening lien.  […]

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