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The Interstate Bank Of Bastrop 's Judgment Lien

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Question II
As a court judge, I would rule that the Interstate Bank of Bastrop’s judgment lien has first priority because the judgment lien was recorded prior to Red River’s mortgage lien. In general, the priority of a judgment lien is typically determined by the recording dates, which concludes which lien gets paid first. For this reason, Red River Thrift and Loan Co. and Interstate Bank of Bastrop have sensible rights to complain for priority in order to enforce Phil Dunfee’s debt. In other words, if Red River received first priority and the foreclosure sale continued, then Interstate Bank of Bastrop would never get paid. As a result, Interstate would consider this unreasonable, especially since the judgment lien was filed before Red River had filed their note and mortgage with Dunfee. In brief, Interstate Bank of Bastrop has priority over Red River because of the series in which the liens and mortgages were recorded. Red River Thrift and Loan Co. may argue that they have priority because first and second mortgages overrule judgment liens, unless the judgment lien is unpaid tax debt. Judgment liens are usually considered as junior mortgages compared to the first and second mortgage. Red River’s foreclosure would wipe out the Interstate Bank of Bastrop’s judgment lien against Phil Dunfee, and would clear any judgments attached to the title of the property. In other words, when a mortgagor forecloses, any judgment lien that was recorded prior to the mortgage would be

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