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| Subordinate ground lease
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A lease where the mortgage has priority over the ground lease. |
| Subordinate loan
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A second or third mortgage on a piece of property, which already has a first mortgage. |
| Subordinate mortgage
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One having a lower priority than another; the subordinate mortgage has a claim in foreclosure only after satisfaction of mortgages with priority. |
| Subordination
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Moving to a lower priority, as a lien would if it changes from a first mortgage to a second mortgage. |
| Subordination agreement
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An agreement by which a mortgage is made subject (junior) to a junior mortgage. |
| Subordination clause
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Clause or document that permits a mortgage recorded at a later date to take priority over an existing mortgage. |
| Subpoena
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Writ issued by the court requiring a person to appear as a witness or to provide written information in a case. Failure to observe the subpoena may result in a contempt of court citation. |
| Subpoena duces tecum
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Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. |
| Subrent
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Process by which a lessee rents his apartment to another. Sublease. |
| Subrogate
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The substitution of one person for another with the substituted person acquiring all rights. |
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