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Subordination refers to the priority of claims on a real estate asset, where one creditor's claim is made junior to another's. This process is common during refinancing. In a timeline starting from the acquisition date, senior debt is recorded first on a property, establishing priority. If junior debt is added later, it becomes subordinate to the senior debt. However, if the senior debt is refinanced and a new loan is placed after the junior debt, the new senior debt takes priority over the existing junior debt. This illustrates how claims on a property are structured based on their chronological order of recording on the title.
