§20.10 - Subordination Agreements
| Jurisdiction | Washington |
§20.10SUBORDINATION AGREEMENTS
Subordination agreements, i.e., agreements that alter what would otherwise be the priority of liens, mortgages, or other encumbrances on real property, are enforceable in Washington under several theories. 4 AMERICAN LAW OF PROPERTY §16.106D (A. James Casner ed., 1952). These agreements create a direct relationship between the junior and senior creditors, and the rights of the creditors vis-à-vis one another will be determined in accordance with the terms of the...
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