Subordination Clause

The provision in a mortgage deed that regulates the possible subordination of the mortgage to another mortgage lien. The subordination clause of first mortgage loans prohibits its subordination to other private obligation liens. Second mortgage loans normally allow subordination, with the case-by-case approval of the lender's underwriter. For more information, see the "Mortgage Deeds and Promissory Notes" article (in the "Real Estate In-Depth" section) and the "Second Mortgages" article (in the "Loan Programs" section).

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Real Estate Planning And Prosperity

Real Estate Planning And Prosperity

Entrepreneurs go against the flow. You've a business idea. Lots of individuals have business themes. The difference is that you, the entrepreneur, take action. Realty investors are the same.

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