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US Legal Forms
Localized Forms
North Carolina
Raleigh
Subordination Agreement - Lien

Raleigh North Carolina Subordination Agreement - Lien

Category:

Liens - Subordination

State:

Multi-State

City:

Raleigh

Control #:

US-00640

Format:

Word;

Rich Text

Instant download

Buy now

Description

A request has been made by a second lienholder to the first lienholder that the first deed of trust or mortgage be subordinate to the second deed of trust of mortgage.

Free preview

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Interesting Questions

How do I draft a subordination agreement?

It's best to consult a real estate attorney or a mortgage professional. They'll know the ins and outs of the local laws and can help you craft an agreement that meets your needs.

Can I get a subordination agreement with my current lender?

Absolutely! Many lenders are open to discussing a subordination agreement as long as it works for both parties involved.

How does a subordination agreement affect my mortgage?

It can change the priority of claims on your property. If you sign a subordination agreement, it means you're allowing a new lien to take precedence over your current mortgage.