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Subordination refers to the process of one creditor's claim on a real estate asset being made junior to another creditor's claim. This is commonly seen during debt refinancing. The tutorial explains this using a timeline starting from the acquisition of a property. Initially, senior debt is recorded, establishing a primary claim on the property. If junior debt is later added, it is subordinate to the senior debt due to its later recording on the title. If the senior debt is refinanced, a new loan is placed that can alter the order of claims. Understanding these dynamics is crucial for managing real estate financing effectively.
