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- Subordination_agreement abstract "A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another party, with the approval of the party that would otherwise have first lien. Typically a subordination arises when there are two existing mortgages, a first mortgage and a second mortgage, and the mortgagor intends to refinance the first mortgage. If the holder of the second mortgage does not subordinate the lien of its mortgage to the new mortgage, the new lender will not refinance the first mortgage. However, the second mortgage holder does not want to release its mortgage and re-file, due to additional costs and priority problems, so it will subordinate its lien to the lien of the replacement mortgage.".
- Subordination_agreement wikiPageExternalLink subordinationagreement.doc.
- Subordination_agreement wikiPageID "5554615".
- Subordination_agreement wikiPageRevisionID "577925799".
- Subordination_agreement hasPhotoCollection Subordination_agreement.
- Subordination_agreement subject Category:Legal_documents.
- Subordination_agreement type Abstraction100002137.
- Subordination_agreement type Communication100033020.
- Subordination_agreement type Document106470073.
- Subordination_agreement type LegalDocument106479665.
- Subordination_agreement type LegalDocuments.
- Subordination_agreement type Writing106362953.
- Subordination_agreement type WrittenCommunication106349220.
- Subordination_agreement comment "A subordination agreement is a legal document used to make the claim of one party junior to (or inferior to) a claim in favor of another. It is generally used to grant first lien status to a lienholder who would otherwise be secondary to another party, with the approval of the party that would otherwise have first lien. Typically a subordination arises when there are two existing mortgages, a first mortgage and a second mortgage, and the mortgagor intends to refinance the first mortgage.".
- Subordination_agreement label "Subordination agreement".
- Subordination_agreement sameAs m.0ds97r.
- Subordination_agreement sameAs Q7631783.
- Subordination_agreement sameAs Q7631783.
- Subordination_agreement sameAs Subordination_agreement.
- Subordination_agreement wasDerivedFrom Subordination_agreement?oldid=577925799.
- Subordination_agreement isPrimaryTopicOf Subordination_agreement.