Recent Answers to Subordination Agreement Law Questions
What is a Subordination Agreement?
Real Estate
Subordination Agreement
Texas
I am in the process of purchasing a property and the lender has requested that I sign a Subordination Agreement, but I am unsure of what this entails and how it may affect my rights as a borrower. I want to understand the purpose and implications of a Subordination Agreement before signing it, as well as any potential risks or benefits involved in agreeing to it.
Darryl S.
The exact situation is unclear as Subordination is usually when you are selling rather than buying. Subordination means putting something in a lower priority compared to something else. In legal and financial terms, it usually comes up when talking about loans or claims. When one party agrees to “subordinate” their claim, they’re saying: “I’ll wait in line — you get paid before I do.” There must be multiple loans or claims and bank is establishing the order they'll get paid.
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