Mortgage: lien status

--the lien satus dictates the loan's seniority in the event of the forced liquidation --mortgage loans ar eoriginated using first-lien --borroers often 2-lien as a means of liquefying the value of a home for the purpose of expenditures(medicall bills or college)investments(home improvement) --second lien may also use together with first lien to maintain hte first-lien loan-to-value(LTV) ratio below a certain level, 80%