Before the crisis the conventional wisdom had been that people would do whatever they could to stay in their houses, giving priority to mortgage payments over all other forms of debt.
危机前，传统智慧认为无论怎样人们都会竭尽所能保有自己的房子，按揭款的优先级将高于其他债务。
2
The priorityof claim is not the property of mortgage but the validity of security of mortgage.
优先受偿性不是抵押权的属性，而是抵押权担保债权的效力。
3
Firstly, the priority validity of chattels mortgage and its value are discussed.