Escrow & Title
In Wyoming, a subordination agreement means:
AA lender agrees to give up their first lien position to another lender✓ Correct
BA tenant agrees their lease is subject to the mortgage on the property
CA borrower agrees to pay off a junior lien before selling the property
DA title company subordinates their interest to the buyer's ownership
Explanation
A subordination agreement is where a lender (or lienholder) voluntarily agrees to make their lien subordinate (junior) to another lender's lien. This is common in construction lending, where a land lender agrees to subordinate to the construction lender, or when refinancing requires a second lienholder to subordinate.
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