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concurrence hypothécaire

English translation: other mortgages

11:41 Dec 3, 2019
French to English translations [PRO]
Bus/Financial - Finance (general) / Mortgage terms
French term or phrase: concurrence hypothécaire
This phrase does not come in a sentence but a list, under the paragraph title 'garantie hypothécaire' in the terms and conditions of a mortgage offer.
'Concurrence hypothécaire: Inscription sans concurrence'
Thank you
Karen Marston
United Kingdom
Local time: 11:05
English translation:other mortgages
Explanation:
Je ne crois pas qu'il y ait une traduction littérale. Je traduirais le reste comme:"no other registered mortgages"
Selected response from:

Frank van 't Hoog
France
Local time: 12:05
Grading comment
Thank you, very helpful
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2other mortgages
Frank van 't Hoog
4competing mortgage priority
Adrian MM.
Summary of reference entries provided
Traité pratique du régime hypothécaire
Eliza Hall

  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
other mortgages


Explanation:
Je ne crois pas qu'il y ait une traduction littérale. Je traduirais le reste comme:"no other registered mortgages"

Frank van 't Hoog
France
Local time: 12:05
Works in field
Native speaker of: Native in DutchDutch
PRO pts in category: 12
Grading comment
Thank you, very helpful

Peer comments on this answer (and responses from the answerer)
agree  Eliza Hall
31 mins
agree  Timothy Rake
2 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
competing mortgage priority


Explanation:
Mortgage: US: mortgage also overlaps with a land lien for the info. of readers Transatlantically and Scots: standard security.

Inscription sans concurrence > regd. entry without any competing priority.

Likely to mean a first mortgage, but NB the doctrine of tacking (FRE > adjonction: over same land vs. consolidation over different plots) and that could allow a mortgage advance to be added on to earlier one by the same mortgage lender and 'leapfrog' the mortgage applied for.


Example sentence(s):
  • US: tacking > the joining of a junior lienwith the first lien in order to acquire priority over the intermediate one: Garner's US Handbook of Business Law Terms
  • The Court ultimately held that when there are competing purchase money mortgages, priority is determined by which mortgage was recorded first. In a dissent, (US) Judge Michael Gadola would have affirmed the trial court ruling.

    Reference: http://en.wikipedia.org/wiki/Mortgage_law
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 81
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Reference comments


2 hrs peer agreement (net): +1
Reference: Traité pratique du régime hypothécaire

Reference information:
« Lorsqu'une personne emprunte de plusieurs, par un seul acte, les droits hypothécaires et autres conférés par le débiteur, profitent aux divers créanciers concurremment entre eux... pour éviter tout malentendu, la pratique notariale a toujours soin d'exprimer la concurrence….

La concurrence hypothécaire résultera aussi d’un consentement donné par le créancier, après la régularisation de son titre, en faveur d’un créancier postérieur en rang ; un pareil consentement ne peut émaner que d’une personne ayant capacité de renoncer à l’hypothèque… »

pp. 289-90.

https://books.google.com/books?id=REoOAAAAYAAJ&pg=PA290&lpg=...

Eliza Hall
United States
Works in field
Native speaker of: English
PRO pts in category: 12

Peer comments on this reference comment (and responses from the reference poster)
agree  philgoddard
4 hrs
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