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2. Subordination agreement - Wikipedia

   en.wikipedia.org/wiki/Subordination_agreement

   Typically a subordination arises when there are two existing mortgages, a first mortgage and a second mortgage, and the mortgagor intends to refinance the first mortgage. If the holder of the second mortgage does not subordinate the lien of its mortgage to the new mortgage, the new lender will not refinance the first mortgage.

3. Subordination (finance) - Wikipedia

   en.wikipedia.org/wiki/Subordination_(finance)

   Subordination is the process by which a creditor is placed in a lower priority for the collection of its debt from its debtor's assets than the priority the creditor previously had, [1] In common parlance, the debt is said to be subordinated but in reality, it is the right of the creditor to collect the debt that has been reduced in priority ...

4. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   Liens that have attached to the title before the mortgage lien are said to be senior to, or prior to, the mortgage lien. Those attaching afterward are said to be junior or subordinate. [30] The purpose of this priority is to establish the order in which lienholders are entitled to foreclose their liens in order to recover their debts. If a ...

5. What is a land lease, and how do they work? - AOL

   www.aol.com/finance/land-lease-203418242.html

   Some mortgage lenders might require subordination. An unsubordinated land lease, on the other hand, keeps the land and property separate, so in the event the tenant defaults, ...

6. Subordinated debt - Wikipedia

   en.wikipedia.org/wiki/Subordinated_debt

   Subordinated bonds are regularly issued (as mentioned earlier) as part of the securitization of debt, such as in the issue of asset-backed securities, collateralized mortgage obligations or collateralized debt obligations. Corporate issuers tend to prefer not to issue subordinated bonds because of the higher interest rate required to compensate ...

7. What is a first mortgage? - AOL

   www.aol.com/finance/first-mortgage-165547180.html

   For lenders, the first mortgage — sometimes referred to as having the senior lien position — takes priority over any second mortgage, or junior or subordinate lien, attached to the property.