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.
Mercer County is a county located in West Virginia since that U.S. state was formed in 1863. The county was originally established in the state of Virginia by act of its General Assembly on 17 March 1837, using lands taken from Giles and Tazewell counties. As of 2000, the population was 62,980. Its county seat is Princeton.