Question: - What does assignment mean and why would a lender want to assign a mortgage loan? - What is meant by a purchase-money mortgage loan?

- What does "assignment" mean and why would a lender want to assign a mortgage loan?

- What is meant by a "purchase-money" mortgage loan? When could a loan not be a purchase-money mortgage loan?

- What is a land contract?

- How can mechanics' liens achieve priority over over first mortgages that were recorded prior to the mechanics' lien?

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