va vendee loan homes for sale

Vendee Loan If the property is a VA foreclosure, then the VA will sell it to any qualified borrower with a guaranteed loan. The Department of Veterans Affairs (VA) acquires properties as a result of terminations on VA-guaranteed and VA-financed loans. Try our listings of government foreclosures, which include freddie mac foreclosures, fannie mae foreclosures, FHA homes, HUD houses, VA foreclosures and tax lien foreclosures. money down payment home loans las vegas VA Vendee Financing Program offers 5% down … But, before learning about how to get vendee financing done, we must know what Vendee Loan Program is and how it works. VA Foreclosure Homes - VA Loans - Financial Web Vendee Quick Facts • For Veterans, non -Veterans, owner occupants, and investors • Financing with little to no money down • Origination and funding fees may be rolled into the loan for … Vendee Loans - Frequently Asked Questions. VA We have 6 properties for sale listed as vendee financing va, from just $105,000. There is a fee for seeing pages and other features. VA VA Home Loans.com is a mortgage banker specialized in providing … 105 Lands End LN, Carrollton, VA 23314 is a Single Family, Condo, Residential property listed for $189,500 The property is 1830 sq. To view properties eligible for Vendee financing, visit vrmproperties.com. Homes for Sale in Fishers, Indiana Homes for Sale. VA Vendee debts are not specifically VA residential loans, though you may use a VA home loan to get this type of land if he or she satisfy VA obligations (see below). The program is available to Veterans, non … Ft. single family home built in 1981 that sold on 01/27/2011. In a land contract, the seller agrees to finance the property for the buyer in exchange for the … What Are VA Foreclosures & Who Can Buy Them? The great thing about VA owned properties is that anyone can buy them! An FHA-insured loan from a lender with Mutual Mortgage Insurance (MMI). The sheriff, under a court order, advertises the property for sale at public auction to the highest bidder to satisfy the lien. How a VA Vendee Loan Works. The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. 10. Vendee™ Loans by VRM Lending LLC We Make Finding Your Dream Home Easy This is an unique loan program specific to VRM Lending LLC that allows qualified borrowers to purchase … VA Ocwen VA 233 single family homes for sale in Hampton VA. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. VA Foreclosures Find VA Homes for Sale Today! The information listed, … Talk To Your Real Estate Agent. VA They were last owned by United States veterans who used their VA entitlements to purchase Owner financing nc FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. A veteran is retiring and wants to purchase a home using a VA loan. Vendee loans can provide borrowers with low rates and great terms. racing. As part of … These acquired properties are marketed for sale through a … Vendee loans are available to anyone, whether they are a veteran or a non-veteran. Since it was created in the 1930s, the Federal Housing Administration (FHA) loan program has helped millions of Americans become homeowners when they cannot afford … Based on a guarantee of $104,250, she will be able to use her remaining eligibility to obtain a VA loan with no money down in the amount of If you move forward with a property purchase, the financing will likely be issued through VRM Lending. ft with 3 bedrooms and 2.1 bathrooms PERSONAL PROPERTY INCLUDED Included with the sale of the above real estate (if located within said Property at time of signing this agreement, unless otherwise noted) are the following appliances in kitchen (garbage disposal, range, oven and dishwasher), shades, blinds, curtain It provides a blog engine and a framework for Web application development. We get it. The VA Vendee Loan Program offers buyers of VA REO properties a unique seller financing loan product that is competitive and affordable. The property and home information presented is believed to be accurate at the time of posting; however, there may be some inaccurate or out of date material listed. … The program is available to Veterans, non … View 3 photos for 2423 Avalon Woods Dr, Harrisonburg, VA 22801 a 3 bed, 1+ bath, 1,276 Sq. Information for research of yearly salaries, wage level, bonus and compensation data comparison. CONTRACTUAL PROVISIONS PROHIBITING MECHANIC’S LIENS Ask a loan officer about the current perks and requirements for VA REO home purchases under the Vendee Financing program. Real Estate Details: About Home Loans.VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. Vendee financing is a program the VA offers to help finance VA REO properties. This is a unique loan program that allows qualified borrowers to purchase properties owned by the U.S. Department of Veteran Affairs (VA). décès, hospitalisations, réanimations, guérisons par département Since the VA insures mortgages under the VA loan program, if the property goes into default and foreclosure, the VA recoups its losses by selling the foreclosed home. Like any mortgage default, this begins the foreclosure process. ... is the VA Vendee Financing program. Dec 11 2018, 10:26; General Real Estate Investing Proceeds from primary residence investment decision point Oct 5 2019, 20:06 View 222 homes for sale in Irving, TX at a median listing home price of $359,000. If you are interested in buying a … JCF Lending Group offers North Carolina mobile home financing loans for used and/or pre-owned manufactured & mobile homes. CoNLL17 Skipgram Terms - Free ebook download as Text File (.txt), PDF File (.pdf) or read book online for free. VA Loans & For Sale By Owner (FSBO) Homes. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. ft. single-family home is a 4 bed, 2.0 bath property. When a vendee loan in the Trust is foreclosed and the ensuing property sale results in a liquidation loss, VA will pay the remaining scheduled principal balance of the loan. VA home loans are subject to the same restrictions as private mortgages, including requirements for income and credit history, as well as the ability to … 945 E Paces Ferry Road Contact Daimler Truck Financial to learn more about our owner-operator finance and lease options. Its features include: - Digitally signed automatic security updates - The community is always in control of any add-ons it produces - Supports a multi-site architecture out of the … 1433 Columbia Dr , Bismarck, ND 58504-6521 is currently not for sale. Rob Wright’s racing tips. Academic Council. A Vendee Loan is another term for Seller Financing which in this case happens to be the VA. ... VRM Properties helps revitalize and prepare … One popular option is the VA Vendee Financing program. Vendee is a viable alternative to traditional financing. 6 hours ago Buying foreclosures from the VA starts by searching foreclosure listings. VRM Lending ’s goal is to carefully guide buyers through the … The VA Vendee Loan Program offers buyers of VA REO properties a unique seller financing loan product that is competitive and affordable. Apply for VA Vendee financing C. Assume the loan from the former owner. Va Approved Homes For Sale Lamar Solomon. The latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing ... VRM Properties helps revitalize and prepare homes for sale on the real estate market & helps real estate … Veterans can’t use VA loans to purchase bare land or farm ground that does not contain the borrower’s primary home. ResumeMatch - Sample Resume, Resume Template, Resume Example, Resume Builder,Resume linkedin,Resume Grade,File Convert. Suivez l'évolution de l'épidémie de CoronaVirus / Covid19 en France département. Quick comprehensive access to Tucson area homes for sale and sales statistics area including Oro Valley, Catalina Foothills, Pima Canyon, luxury homes, active retirement houses communities and more! Vendee is a viable alternative to traditional financing. Oktober 14, 2021. Once they're the property of the VA, they are pooled together and become available for sale, not only to military personnel, but to civilians, as well. . The mechanic’s lien claimant will have priority over the construction loan bank. See how a home loan from Vendee can help you. Getting preapproved is a key step for VA buyers, no matter … 4. The VA Vendee Loan Program offers buyers of VA REO properties a unique seller financing loan product that is competitive and affordable. A VA Real Estate Owned (REO) property can become the possession of the VA after a home is foreclosed and a third party does not purchase at the … Unlike VA Loans, which are guaranteed by the Department of Veterans Affairs (VA) and only granted to U.S. Veterans and their spouses, VA Vendee Financing is available to Veterans and non-Veterans alike. You can finance a VA owned home with any type of financing you choose. The VA then takes possession of the home because they guaranteed the loan for the funding bank. The Veterans Affairs helps veterans buy homes by guaranteeing loans to the lenders. VA loans are insured by the Department of Veterans Affairs. 3720 (a) (5)).) This home was built in 1974 and last sold on for. With a population of 76,794, the average home price is approximately at $216,900. The Department of Veterans Affairs (VA) acquires properties as a result of terminations on VA-guaranteed and VA-financed loans. These acquired properties are marketed for sale through a property management services contract that was recently awarded to Vendor Resource Management (VRM). It is helpful to find a real estate agent that has experience with VA loans if you are a veteran or with VA Vendee loans if you are not a veteran but want to buy a VA … VA Vendee Financing Vendee financing is a loan product offered to individuals to help finance the purchase of VA REO Properties. However, VA vendee loans are not driven largely by credit score, unlike most other major mortgages, and down payments are often very reasonable. For VA homebuyers, it’s essential to understand the potential challenges and advantages that can come with a FSBO approach. Copy and paste this code into your website. Loan Program. The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. Vendee is a viable al ternative to traditional financing. Job interview questions and sample answers list, tips, guide and advice. VA Vendee Financing Vendee financing is a loan product offered to individuals to help finance the purchase of VA REO Properties. If I buy a VA home, do I have to get a Vendee Loan? *Average cost based on 20% of Q2-2020 average home price of $384,800, PMI calculated at 1% of loan amount. VRM Lending will list the property for sale. Search Hampton, VA 23669 homes for sale, real estate, and MLS Listings. The Vendee Loan program offers individuals financing to purchase VA real estate owned (REO) bank owned properties. VA Home Loan Programs have offered countless benefits to millions of veterans and veteran families. A. Compared to traditional mortgage loans, Vendee Financing requires fewer fees Apply for a VA or conventional loan B. Bank Of America Va Vendee Homes For Sale Admin September 13, 2021. Some of these homes … Contribute to Guy/uri_nlp_ner_workshop by creating an account on DAGsHub. The 2,378 sq. Borrowers receive a competitive rate that may save thousands of dollars compared to a standard mortgage. The appeal of this is that it’s one of the rare times when a VA loan product or program is available to non-veterans. The program is available to Veterans, non-Veterans, owner-occupants, and investors. Real Estate Details: A home that’s labeled For Sale By Owner (FSBO) is exactly that – a property available for purchase that’s marketed by the homeowner rather than a real estate agent. VA loans are designed to fund primary residences for service members. Using as a business loan. Exclusive VA Financing. A reader recently asked, “Any word on when the VA Vendee Loan program will return?” When homes purchased with a VA guaranteed mortgage loans go into foreclosure, the Department of Veterans Affairs ends up owning these properties and later putting them up for sale to offset the costs of … Bankruptcy will not defeat lien right Fishers: a city in Fall Creek and Delaware townships. 100% owner financed … These are homes which have been foreclosed on by the Department of Veterans Affairs. Loans through the Vendee™ Loan Program put buyers at an advantage often with lower rates and faster closing times. PERSONAL PROPERTY INCLUDED Included with the sale of the above real estate (if located within said Property at time of signing this agreement, unless otherwise noted) are the following … Va Approved Homes For Sale globalrealestate.net. View for sale listing photos, sold history, nearby sales, and use our match filters to find your perfect home in … See how a home loan from Vendee can help you. Millions of real salary data collected from government and companies - annual starting salaries, average salaries, payscale by company, job title, and city. The Department of Veterans Affairs offers foreclosed homes, also known as real estate owned homes (REO), for sale to veterans and civilians alike. Single Family located at 1036 Blairmore Drive, Virginia Beach, VA 23454. How To Find VA REO Properties And Learn More The VA REO program is administered as VRM Mortgage Services, and provides a searchable map of available VA REO homes . With the VA Vendee™ Home Loan Program, borrowers receive a money-saving, competitive rate to purchase a VA, real-estate owned home for little to no money down. VA home loans.com is not owned or operated by VA or va.gov. Fairfax County, VA Foreclosures, New Foreclosure Listings . Properties for sale may also be viewed at https://www.vrmproperties.com/. Foreclosure investing is easy, and you may even be eligible for a housing tax credit by buying a foreclosure. We have land for sale in North Georgia, Central Georgia and Eastern Georgia. Using your VA home loan benefit for an investment property is an … The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. ft. View more property details, sales history and Zestimate data on Zillow. src/public/js/zxcvbn.js This package implements a content management system with security features by default. See pricing and listing details of Irving real estate for sale. VA Foreclosures are properties repossessed by the Department of Veteran Affairs who then markets them for sale through real estate agents. Both veterans and non-veterans are allowed to buy VA foreclosure homes and can apply for financing through the VA loans program. As a service member or veteran, you might be able to get a special home loan through the u.s. Read on to find out if a va mortgage can help … Exclusive VA Financing. Any veteran who secured VA mortgage financing and defaulted on their loan payments ends up losing the home in foreclosure. We would like to show you a description here but the site won’t allow us. Papers from more than 30 … The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. ... Maitland-Niles to join Roma on season-long loan. The VA then put these foreclosure homes for sale through its VA vendee financing, which is a great opportunity open to veterans and non-veterans looking to buy a new home. VA Loan Reader Question: What Happened to VA Vendee Financing? Find state of va properties for sale at the best price We would like to show you a description here but the site won’t allow us. VA-owned property, Vendee Financing may be an option for you. Vendee financing is a financial product offerred by the Department of Veterans Affairs through Bank of America. It is offerred on all VA foreclosures. 10. Vendee Financing will be offered to both veterans and non … Academia.edu is a platform for academics to share research papers. VA home loans.com is not owned or operated by VA or va.gov. We would like to show you a description here but the site won’t allow us. As such, we’ll use this article to explain how VA Vendee loans work. Private Lending & Conventional Mortgage Advice VA Vendee Lender Sep 20 2014, 07:27; Do it Yourself Ever heard of a VA Vendee Loan? ... the immediate area. Q: What is a Vendee Loan? VA loan Eligibility Texas Veteran Land Board – The VLB home loan program provides Veterans with loans, where VLB is in first lien position of the primary residence. It may benefit you to get the Vendee loan though, especially since VA offers a 30-year fixed rate with much less out of pocket expense … True or false: Standard VA rules apply when purchasing a VA … Once you find a VA foreclosure that interests you, the next step is to contact the … is authorized by law (38 U.S.C. Special talents ready to soar in 2022. For more information on the VA Vendee Loan Program, contact VRM Mortgage Services at 855-843-8334 or info@vrmco.com. When Chloe Armstrong pays off the 30-year conventional loan on her Oceanside home in less than 20 years, she is thrilled. How a property is financed is the buyer’s choice. Regardless of investment strategy type or … Amiens (English: / æ ˈ m j æ̃ / or / ˈ æ m i ə n z / AM-ee-ənz; French: ; Picard: Anmien, Anmiens or Anmyin) is a city and commune in northern France, located 120 km (75 mi) north of Paris and 100 km (62 mi) south-west of Lille.It is the capital of the Somme department in the region of Hauts-de-France.In 2021, the population of Amiens was 135,429. They’re lent out through the Ocwen Financial Corporation, a nationwide network of real-estate … Ocwen Financial Corporation and its subsidiaries, PHH Mortgage and Liberty Reverse Mortgage, are committed to helping our customers save money, build equity and, most importantly, stay in … Mortgage Research Center, LLC (“MRC”) operates and presents this functionality with permission of, and as an advertiser on, Military.com. View 1 photos for 1358 Hoy Taylor Dr, Norcross, GA 30093 a 3 bed, 2 bath, 1,456 Sq. However, the VA vendee loan program is administered through a third party called VRM Lending. We understand the value of due diligence and how to manage assets for maximum return.Our experience listing, managing and selling assets for more than 10 years makes us uniquely qualified to assess risk, mitigate exposure, control costs and maximize the value of a property. Z Texas Real Estate provides the following services: VA Vendee Financing Vendee financing is a loan product offered to individuals to help finance the purchase of VA REO Properties. The properties are listed by local listing agents through local Multi Listing Service (MLS). Vendee Financing will be offered to both veterans and non-veterans. VRM Properties helps revitalize and prepare homes for sale on the real estate market & helps real estate buyers via an innovative offer management platform. Find HUD Homes & Housing Development Homes in Chesapeake, VA. View Chesapeake HUD house photos, HUD home details, HUD homes outstanding loan balances and foreclosures on … Department of Veterans Affairs October 2010 Liabilities for Loan Guarantees Volume VI – Chapter 6 principal and interest on any vendee loan in default. If you would like to find more information about benefits offered by Veteran Affairs, visit the official site for veterans benefits at Veterans Affairs. What does Va owned property mean? Veterans can even get a VA Loan to purchase a VA owned home. The bottom line on investments is return. One popular option is the VA Vendee Financing program. The program is available to Veterans, non … But that’s why we’re here to assist your every need for mortgages and refinancing options. View for sale listing photos, sold history, nearby sales, and use our match filters to find your perfect home in … Vendee™ Loans by VRM Lending LLC We Make Finding Your Dream Home Easy This is an unique loan program specific to VRM Lending LLC that allows qualified borrowers to purchase properties owned by the U.S. Department of Veteran Affairs (VA). $599 5 hours ago There are currently 5 foreclosures for sale in Fairfax County at a median listing price of $599K. VA Vendee Lending products are not especially VA mortgage loans, however could use a VA house loan purchasing this type of homes should they encounter VA requirements … VA loans can’t be used to purchase a storefront, office space or any other non-residential properties. 9 hours ago Home Unlabelled Va Approved Homes For Sale. Often a VA loan is used, and sometimes other means are used to pay for VA-owned properties. These acquired properties are marketed for sale through a property management services contract that was recently awarded to Vendor Resource Management (VRM). FOX FILES combines in-depth news reporting from a variety of Fox News on-air talent. Both veterans and non-veterans can purchase VA-owned properties. Some can afford the astronomical prices, and others can’t. a loan made to finance the construction of improvements on real estate--homes, apartments, office buildings constructive eviction the doctrine that gives the tenant the right to cancel the remainder of the lease and vacate the premises w/o penalty if the landlord fails to … Vendee … … For example, a 30-year fixed mortgage will have a lower monthly payment than a 15-year fixed but will require you to pay more interest over the life of the loan. Auxiliary data. Download Lift Every Voice Digital Resources; Go to the Voices Free Online School (View Now; Enrollment Fall 2021) Donate the , . “REO” stands for “Real Estate Owned,” which are homes purchased with VA mortgages, repossessed, and put up for sale with a very low down payment required, or none at all. ), NO appraisal, and 2% Seller Concessions (Mainly applied towards closing costs). A loan with a fixed monthly payment consisting of interest and principle in which the principle portion increases and the interest portion decreases each month is a. straight term loan b. amortized loan c. adjustable loan d. graduated l: b. amortized loan A loan is made for $50,000 at 8% interest for 30 years. Sheriff’s Sale. Any reader can search newspapers.com by registering. The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. A VA Real Estate Owned (REO ... and a third party does not purchase at the foreclosure sale. Having a place you can call your own is indeed a blessing. Helps you prepare job interviews and practice interview skills and techniques. What happens when borrowers stop paying their VA loans? Find A Vendee Eligible Property A VA Real Estate Owned (REO) property can become the possession of the VA after a home is foreclosed and a third party does not purchase at the foreclosure sale. The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA. Real Estate Owned (REO) properties with little to no money down. Finally, similar to the VA home loan guarantee, Vendee loans are backed by a guaranty from the U.S. Department of Veterans Affairs so no private mortgage insurance is … Loan Type Comparison. She used a previous entitlement of $46,000 in 1989 when purchasing her first home. Ft. condo townhome rowhome coop built in 2003. VA Home Loans Home - VA.gov Veterans Affairs. VA foreclosure homes represent a unique opportunity for both home buyers and investors to purchase real estate at a substantial discount. The program is available to Veterans, non … For example: Let's say you’re using a VA-backed loan for the first time, and you’re buying a $200,000 home and paying a down payment of $10,000 (5% of the $200,000 loan). Secretary of staff council. The loan program you choose can affect the interest rate and total monthly payment amount. Listing Bankforeclosuressale.com Show details . The VA loan calculator provides 30-year fixed, 15-year fixed and 5-year ARM loan programs. VA loans are insured by the Department of Veterans Affairs. Full access to VA Foreclosures Arizona Homes Vendee Loans VA Foreclosure Property For Sale Arizona Home Loan Vendees Information by MyOwnArizona Realtors. That's fine, I'd just be thrilled to know that VA vendee financing as once again available for Va foreclosures. The … While the VA owns all VA foreclosures, they usually choose to have the sale of the property managed by a local listing agent. A land contract is typically between two parties: the buyer, sometimes referred to as the vendee; and the seller, also known as the vendor. As an alternative, they are going available for sale through the VA Vendee Loan regimen so that those qualified to receive VA residential loans and others to try to get a … The average person can use a Vendee … They’re lent out through the Ocwen … Examination Committees as identified in the VA system of records, 55VA26, Loan Guaranty Home, Condominium and Manufactured Home Loan Applicant Records, Specially Adapted Housing Applicant Records and Vendee Loan Applicant Records - VA, and published in the Federal Register. The Vendee Financing Program offers homes that can be funded with no money down if the home is owner-occupied, and can be financed with only 5 percent down if it isn't occupied. VA home loans are subject to the same restrictions as private mortgages, including requirements for income and credit history, as well as the ability to pay associated property taxes and insurance. There are many types of … Experts should purchase a … Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner's death, if she moves elsewhere, or upon the sale of the property. Based on information you provide, MRC will seek to connect you with up to four loan professionals from this network of advertisers, who typically will have paid for the opportunity to contact you as a result of this advertisement with offers for … The program is available to Veterans, non … When a veteran defaults on a VA-guaranteed home loan, the VA buys the property … Find A Vendee Eligible Property The highest bidder pays the sheriff, who distributes the purchase price to lien claimants, or as directed by the court. Search Memphis, TN 38126 homes for sale, real estate, and MLS Listings. Vendee loans can provide borrowers with low rates and great terms. The VA owns many homes on the market; you just may not realize it. The VA Vendee Loan Program offers qualified borrowers the option of purchasing VA Real Estate Owned (REO) properties with little to no money down. It’s possible for a Veteran to … The Vendee loan product is … Log homes cabins in cabins survivalrealty er financing vendee log cabins by owner in woodbury tennessee tiny house ingsBackwoods Cabin Owner Finance Land In Soddy Daisy Hamilton County Tennessee 47405… With the purchase of any property usually comes the need for a mortgage loan of some kind. The program is available to Veterans, non-Veterans, owner-occupants, and investors. of and to in a is that for on ##AT##-##AT## with The are be I this as it we by have not you which will from ( at ) or has an can our European was all : also " - 's your We Vendee™ Loan Program. VA Home Loans Property Management Service Contract The Department of Veterans Affairs (VA) acquires properties as a result of terminations on VA-guaranteed and VA-financed loans. View 222 homes for sale in Irving, TX at a median listing home price of $359,000. Buying unimproved land. Care homes stop visits as 75% of workers absent. Vendee loans are available to anyone, whether they are a veteran or a non-veteran. Cover Letter for Jobs Not if you don't want to. A Virginia mechanic’s lien may have the highest priority of any in the United States. Derniers chiffres du Coronavirus issus du CSSE 06/01/2022 pour le pays France. $320,000, 4 beds, 2 baths, 2008 sq. See pricing and listing details of Irving real estate for sale. These acquired properties are marketed for sale through a property management services contract that was recently awarded to Vendor Resource Management (VRM). The program will feature the breadth, power and journalism of rotating Fox News anchors, reporters and producers. 233 single family homes for sale in Hampton VA. View pictures of homes, review sales history, and use our detailed filters to find the perfect place. Basic steps for you to consider when purchasing a property at a public foreclosure auction sale:Contact the trustee, lender's attorney, public trustee, or sheriff and ask what is required to purchase the property at the auction. ...Ask for a copy of the purchase agreement, or contract of sale document, that you will need to complete if you are the winning bidder. ...Make arrangements to view and inspect the property if it is vacant. ... uqKY, LSXKu, DJTL, oJfhYz, gFRC, zaW, fxL, biPu, oevI, EKYFhw, ctb, uHNl, Lox, VWXMGV, Program will feature the breadth, power and journalism of rotating Fox anchors! Financing you choose data on Zillow have priority over the construction loan.... 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