Subordination Agreement
A subordination agreement is a recorded instrument that postpones or subordinates a mortgage lien, changing lien priority. NY recording law explicitly includes instruments postponing or subordinating a mortgage lien within the definition of "conveyance" affecting title.
- Where it applies
- New York State
- When it comes up
- Financing structuring; refinancing
- Property types
- Multi-lien capital stacks; ground leases; subordinated financing
Title and Recording
- Assignment of Mortgage
- Bargain and Sale Deed (With Covenant Against Grantor's Acts)
- Bona Fide Purchaser (BFP)
- Borough-Block-Lot (BBL)
- Chain of Title
- City Register
- Condominium Common Charge Lien
- Consideration
- Conveyance
- Cover Page (NYC Recording)
General information, not legal, tax or financial advice.