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In this video tutorial, Trevor explains the concept of subordination in real estate. He covers what subordination is, how it functions, its applications, and its importance for real estate and mortgage professionals, especially those refinancing with multiple loans. Trevor outlines subordination agreements, their execution, the involved parties, and crucial information for dealing with them. He emphasizes the need to understand lien positions, as lender liens are recorded when mortgage loans are taken out. The tutorial aims to clarify these concepts and offers an example for better understanding. Viewers are encouraged to leave comments with questions and subscribe for more information.
