It now has a, it now has a lien against it.

现在它有了一个押权。

But in the case of a joint tenancy, the mortgagee runs the risk that the mortgaging co-tenant will die before foreclosure, extinguishing the mortgagee's interest.

但在共同共有情，押权人面临的风险， 押的共有人在止世，从而消灭押权人的权益。

What are they gonna do take a lien on the house?

他们能做什么，在房子上设置押权吗？

And a construction loan then on the land also has first mortgage position on the land.

而且对土地的建筑贷款也在该土地上拥有第一押权。

By keeping those two first and second place mortgages on there.

通过保持那两个一、二顺位的押权。