What does “priority” mean in the context of liens in connection with real property?
In connection with real property, “priority” means where you fit on the ladder, or where a lien or encumbrance fits on the ladder. Priority is usually based on timing. Is something prior in time than another lien or encumbrance?
You also have a question of superiority versus junior liens.
Example: a purchase-money mortgage can have superiority over some liens, even if the purchase money-mortgage came later in time.