Escrow & Title
In Maine, a subordination agreement allows a:
AJunior lien to take priority over a senior lien
BSenior lien holder to voluntarily subordinate to a new loan✓ Correct
CTenant to subordinate their lease to a new mortgage
DTitle company to subordinate its interest
Explanation
A subordination agreement allows a senior lien holder to voluntarily subordinate their position to a new lender, often required when refinancing to allow the new loan to take first position.
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