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A subordination agreement is a legal document that alters the priority of liens on a property, allowing one lien to take precedence over another. It’s commonly used in real estate when refinancing a mortgage or securing additional loans. This document is essential in financial transactions involving multiple creditors.
Why Use a Notary?
Notarizing a subordination agreement helps confirm the identities of the involved parties, ensuring that the agreement is valid. It protects all parties by ensuring that the document is signed willingly and with full understanding. Notarization also helps prevent future disputes over the order of liens. It provides legal weight to the agreement, making it enforceable in financial and real estate transactions.
Subordination Agreement
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Subordination Agreement
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