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.
Trenton is a city in Gibson County, Tennessee. The population was 4,264 at the 2010 census. It is the county seat of Gibson County, and its third largest city.s of the census of 2000, there were 4,683 people, 1,919 households, and 1,207 families residing in the city. The population density was 847.3 people per square mile (327.0/kmÂ²). There were 2,090 housing units at an average density of 378.2 per square mile (145.9/kmÂ²).