Escrow & Title
In South Carolina, what is a 'subordination agreement'?
AAn agreement by the borrower to follow the lender's instructions
BAn agreement by one lienholder to allow another lien to have higher priority✓ Correct
CAn agreement to subordinate the sale price to the appraised value
DA tenant's agreement to vacate before the new owner takes possession
Explanation
A subordination agreement is a document where one lienholder (e.g.
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