Mortgages, deeds of trust and other liens are claims against real property. Often, one property will have more than one lien against it. It thus becomes of critical importance to know which lien has priority, i.e. which lien will be paid first out of the value of the property, in the event of default and foreclosure. This section will discuss the basic rules of lien priority in California real estate law.
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Gibson Law, PC specializes in real estate, business litigation and bankruptcy law. We are located in Warner Center, just off the 101 freeway in Woodland Hills, California. We represent business owners, real estate investors, mortgage brokers, landlords, developers, contractors, homeowners and individuals. Most of our litigation practice is in Los Angeles Superior Court, although we also appear in U.S. District Court and in Superior Courts around the state of California. We also handle appeals before the California Court of Appeal. Our bankruptcy practice includes both debtor and creditor representation, consumer and business cases, Chapters 7, 13 and 11.
In practice since 1983, our principal, Richard Gibson, has taken several dozen civil cases to trial in California Superior Court, Arizona Superior Court and in U.S. District Court. He has won a number of six and severn figure verdicts and settlements for both plaintiffs and defendants. He has also confirmed a number of contested Chapter 11 plans. Mr. Gibson is a frequent writer and speaker on real estate and bankruptcy law topics.