subordination agreement

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subordination agreement n. a written contract in which a lender who has secured a loan by a mortgage or deed of trust agrees with the property owner to subordinate the first loan to a new loan (thus giving the new loan priority in any foreclosure or payoff). The agreement must be acknowledged by a notary so it can be recorded in the official county records. (See: subordination)

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subordination			The subordination agreement simply states that it is "junior" to the senior debt. Making sense of mezzanine financing by Sinnenberg, John / Financial Executive Therefore, if a mortgage exists, the property owner (or one's legal counsel) must submit a mortgage subordination agreement, with a copy of the conservation easement deed, to each mortgage lender for its approval. Conservation easement made easy, with five steps by Plotka, Robert / Real Estate Weekly The lender's rights are often vitally affected by the terms of a subordination agreement or a common variation called the SNDA, which the owner, lender and operator may have executed. Special assets/special problems. (Commercial) by Butler, James R., Jr.; Erickson, Neil C.; Kaplan, Robert B.; Rogan, Richard A. / Mortgage Banking			submerse submission Submission of Controversy submission to a court’s jurisdiction submissive submissive to correction submissiveness submit submit a formal request submit for determination submit in evidence submit in judgment to submit oneself to submit the case submit to submit without complaint submittal submitted Subnotations suborder subordinate subordinate group subordinate part subordinate position subordination subordination agreement subordination to rules suborn subornare subornation Subornation of perjury subornative subpena subpena duces tecum Subpensive condition subpoena subpoena duces tecum Subrejoinder subrent subreption subreptitious subrogate subrogation subrogee subrogor subscribe subscribe to subscriber subscribere Subscribing witness subscript			Subordinated debt Subordinated debt subordinated debts subordinated debts subordinated ground lease Subordinated loan Subordinated loan subordinated mortgage Subordinated Securities Subordinated Security subordinately subordinately subordinately subordinateness subordinateness subordinateness subordinates subordinates subordinates subordinating subordinating subordinating subordinating conjunction Subordinating conjunctions subordination subordination subordination subordination Subordination (trait) Subordination (trait) subordination agreement Subordination Agreements Subordination clause Subordination clause Subordination Clauses Subordination of Women Subordination Policy subordination to rules Subordination, Non-Disturbance and Attornment Subordination, Nondisturbance, and Attornment Subordinationism subordinations subordinations subordinations subordinations subordinative subordinative subordinative Subordinator (grammar) suborn suborn subornare subornation subornation subornation of perjury subornation of perjury subornations subornations subornative suborned suborned

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