Subordinations
Underwriting Manuals
Standard Exceptions
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Bulletins
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Forms
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Table of Contents
SUB
Subordinations
A subordination agreement should specifically refer to the particular mortgage and should not be relied upon if general or automatic as to a future transaction. Caution should be used in accepting subordinations delivered by a borrower.
Exceptions
SUBX01
ALTA
12/01/1995
V
1
Subordination Agreement
The ____________ recorded __________ has been subordinated to ___________ by instrument recorded ___________.
Comment: Use this exception if a mortgage, lease or properly subordinated to another interest, as disclosed by your examination.
Comment: Use this exception if a mortgage, lease or properly subordinated to another interest, as disclosed by your examination.