Meaning subordinate financing
What does subordinate financing mean? Here you find 3 meanings of the word subordinate financing. You can also add a definition of subordinate financing yourself
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subordinate financingAny mortgage or other lien that has a priority that is lower than that of the first mortgage.
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subordinate financingSubsequent mortgage to the first one on the property when a new loan is taken out.
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subordinate financingAny mortgage or other lien that has a priority that is lower than that of the first mortgage. The subordinate loan has a claim to payment in a foreclosure only after the first mortgage is paid.
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