What Is The Purpose Of A Subordination Agreement

The lender of the first mortgage refinancing now requires the second mortgage lender to sign a subordination agreement to reposition it as a top priority when removing debts. The best interests of each creditor are changed amicably from what they would otherwise have become. .

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Someone of old has said: "God's language is silence, everything else is translation." (Perhaps Rumi, St. John of the Cross, who cares?)