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In this video tutorial, Trevor explains the concept of subordination in real estate, detailing its function, necessity, and the parties involved. He emphasizes the importance of understanding subordination agreements for real estate and mortgage professionals, as well as for those refinancing properties with multiple loans, like a 30-year mortgage and a home equity line of credit. The video aims to clarify how subordination works, the execution of agreements, and key considerations in dealing with them. Trevor underscores the relevance of lien position in mortgage loans, which is crucial for grasping the concept of subordination. Viewers are encouraged to leave questions in the comments and subscribe for more content.
