by mary hodder
Question by m.p.: What is this document called? Several years ago, I was refinancing the first mortgage on a piece of property?
that also had a second mortgage on it. The new lender had the second mortgage holder sign a document stating that they would remain in second position.
So the second mortgage holder was waiving their right to move into first position. What document is this?
Answer by david g
it is called a subordination agreement
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