Contact Us Email Us

A Subordination Agreement is a legal document used to change the normal priority of any encumbrances that affect your real estate. One of the I’s best uses is when you are considering refinancing your first trust deed. If the holder of the second mortgage does not subordinate to the first mortgage, a new lender might not refinance the first mortgage.

A Subordination Agreement would contain the names of the existing mortgage holder as well as the new lender, describe both the new and present loan, be signed, notarized and recorded in California. There are also some limitations such as time limits, amount and specific purpose for the loan to consider.

If you are thinking about refinancing, your first loan and/or are adding a second loan, it would be advisable to review your Title Report to determine what is already in place. With a call or email, I would be happy to provide a Property Profile or Preliminary Title Report with which to begin your research into the viability of adding Subordination Agreement.

June Kubli, Ph.D.
Broker Associate, Certified Residential Specialist
License #00911089
Coldwell Banker Residential Brokerage
Cell: 858-353-0406
EFax: 858-228-9944
Email: jskubli@gmail.com

Be Sociable, Share!

RSS Feed

No comments yet.

Leave a comment!

Protected by WP Anti Spam

<<

>>

Search Homes Home Evaluation

Kathleen Williams
619-944-6520

CalBRE License #00909208

Lydia Hwang Vosovic
858-472-0608

CalBRE License #01445033

June Kubli
858-353-0406

CalBRE License #00911089

Katie Dunahoo
858-775-1239

CalBRE License #00694822

Coldwell Banker
930 Prospect
La Jolla, CA 92037

Follow Us!

Categories

Coldwell-Banker