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In the aftermath of the era of subprime mortgage lending and so-called "Mom and Pop" lenders trying to take advantage of wildly inflated California real estate values, we have seen recurrent issues arise with respect to junior lien foreclosures that have created significant problems of lien priority for mortgage lenders and their title insurers
Real estate lenders and owners who ask for an American Land Title Association (ALTA) 21-06 Creditors' Rights Endorsement to a title insurance policy should be prepared for rejection
