The challenge to manage Subordination Agreement can consume your time and effort and overwhelm you. But no more - DocHub is here to take the hard work out of altering and completing your papers. You can forget about spending hours editing, signing, and organizing paperwork and stressing about data security. Our solution provides industry-leading data protection measures, so you don’t have to think twice about trusting us with your sensitive data.
DocHub supports different file formats and is accessible across multiple platforms.
Subordination is when the claim of one creditor to a real estate asset is subordinated, or made junior to the claim of another. This is pretty common, especially in the case of refinancing debt. So lets talk about it and Ill show you how it works. Imagine this is your timeline. And here we have years, zero or the day of acquisition. And on this date, we have senior debt placed on the property. And as we know, claims to any real estate are prioritized in chronological order as to when they were made against the property or recorded on the title. So when we have senior debt on a property, If we go ahead and a little while later, we add some junior, junior debt is subordinate to the senior debt in that its claim on the title was made after the senior debt. But then what happens if the senior debt refinances and a new loan is placed on after the junior debt? So imagine that this debt goes away and now we have this debt. Well, if this is. The senior debt or the primary loan on the propert
