A subsequent mortgage using the same real estate for collateral as the original loan.
Related information about subordinate loan:
- Subordination (finance) - Wikipedia, the free encyclopedia
Subordination in banking and finance refers to the order of priorities in claims for ownership or interest in various assets.
- What Is a Subordinate Mortgage? - Budgeting Money
In the case of IRS or Mechanics' Liens, a senior mortgage can become a subordinate loan by law or regulation. Your state laws dictate other situations where, ...
- What Is a Subordinated Loan Agreement? | Home Guides | SF Gate
... priority over a first-in-time lender. In essence, the subordinate loan agreement reverses the general rules of mortgage priority on a specific piece of property.
- Subordinate Loan
Definition of Subordinate Loan as a commercial mortgage industry term.
- Housing Development Subordinate Loan
Housing Development Subordinate Loan. Purpose. The Housing Development Subordinate Loan (HDSL) is a subordinate loan that provides public financing to ...
- RDA members vote to subordinate loan
2 days ago ... BOUNTIFUL -- The Redevelopment Agency has agreed to refinance an existing $250000 loan made in 2010 to a local developer for a Main ...
- Subordinate Loan Purchase Checklist - California Housing Finance ...
Rev. 06/27/2012. Page 1 of 1. CalHFA Subordinate Loan Purchase Submission Check List. (Minimum documents required for CalHFA loan purchase) ...
- What is subordinate loan? definition and meaning
Definition of subordinate loan: A subsequent mortgage using the same real estate for collateral as the original loan.