Thursday, June 18, 2015
ROSENTHAL & ROSENTHAL, INC. VS. VANESSA BENUN, ET AL. A-2890-13T3
ROSENTHAL & ROSENTHAL, INC. VS. VANESSA BENUN, ET AL.
In this foreclosure action, applying the common law rules of priority for future advance mortgages, Riker Danzig's later-recorded mortgage has priority over the earlier-recorded mortgages of Rosenthal & Rosenthal because Rosenthal & Rosenthal made optional, not obligatory, advances to the debtor with actual knowledge of Riker Danzig's mortgage.