Without a subordination clause, loans take chronological priority. This means the oldest loan becomes the primary loan, with first call on the proceeds of a foreclosure sale. However, when a homeowner refinances his first mortgage, the lien priority changes. Refinancing cancels the loan and writes a new one.
Trenton, North Carolina. Trenton is a town in Jones County, North Carolina, United States. The population was 287 in 2010. It is the county seat of Jones County. Trenton is part of the New Bern, North Carolina Micropolitan Statistical Area.
Sponsored Topics. Trenton is a town in Edgefield County, South Carolina, United States. The population was 226 at the 2000 census. It is part of the Augusta, Georgia metropolitan area. Trenton is located at 33Â°44â²23â³N 81Â°50â²25â³W / 33.73972Â°N 81.84028Â°W / 33.73972; -81.84028 (33.739721, -81.840208).