forud for al pantegæld

English translation: ahead of all mortgage moneys or monies

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:forud for al pantegæld
English translation:ahead of all mortgage moneys or monies
Entered by: dmesnier

23:02 Feb 16, 2021
Danish to English translations [PRO]
Bus/Financial - Real Estate / Registration
Danish term or phrase: forud for al pantegæld
Hi - I'm trying to verify how "forud" should be translated in this phrase. This has to do with registering the bylaws of a condo association. Does this mean the easement and lien take precedence over all mortgage debt or simply that they're being registered prior to any mortgage debt?

Vedtægterne tinglyses både servitut- og pantstiftende forud for al pantegæld.

Thanks for your help!
dmesnier
United States
Local time: 17:44
ahead of all mortgage moneys or monies
Explanation:
I guess 'prior to' in registered rank, rather than in time, so not the Bylaws but both the easement and US Am.: lien UK: charge thereby created rank ahead of the mortgage indebtedness > gæld might be debt or debts: både servitut- og pantstiftende.

Note that a land lien in the USA is called a land charge in E+W.
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Adrian MM.
Austria
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Summary of answers provided
4ahead of all mortgage moneys or monies
Adrian MM.


  

Answers


39 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
ahead of all mortgage moneys or monies


Explanation:
I guess 'prior to' in registered rank, rather than in time, so not the Bylaws but both the easement and US Am.: lien UK: charge thereby created rank ahead of the mortgage indebtedness > gæld might be debt or debts: både servitut- og pantstiftende.

Note that a land lien in the USA is called a land charge in E+W.

Example sentence(s):
  • The primary purpose of specifying the “priority amount” is to ensure that any advances the bank makes to the level of the priority amount will rank ahead of any subsequent mortgage (and therefore any subsequent loans) given over the same property –

    Reference: http://www.proz.com/kudoz/danish-to-english/medical-general/...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 36
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