Escrow & Title
A 'subordination agreement' in Mississippi real estate finance is used to:
ACombine two loans into one
BAllow a junior lien to maintain or voluntarily move to a lower priority position relative to a new senior lien✓ Correct
CRelease a lien after full payoff
DTransfer a mortgage from seller to buyer
Explanation
A subordination agreement allows the holder of a senior lien to agree to a lower priority position so that a new loan can take first lien position. This is common when refinancing or when a seller carries back a second mortgage.
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