Louisiana Subordination of Mortgage

Louisiana Subordination of Mortgage
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State:
Louisiana
Control #:
LA-704-M
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Description

This is an agreement whereby the holder of a superior right surrenders his superior position to the holder of a right that would be inferior otherwise. In this example, the holder of a prior mortgage agrees that a later executed and filed mortgage is given priority. This type of agreement can be used to subordinate conveyance or mortgage items to conveyance or mortgage items.

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