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.
This includes 12 counties: Alamance County, Chatham County, Cumberland County, Durham County, Franklin County, Granville County, Harnett County, Johnston County, Nash County, Orange County, Person County and Wake County. The Raleigh-Durham metro is one of the fastest growing areas in North Carolina.