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Washington DC subordination agreement request

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peiseman Joined: 14 Apr 2011 Posts: 1 1.56 Dollars($)	Posted: Thu Apr 14, 2011 1:13 pm    Post subject: Washington DC subordination agreement request Like 0 Dislike 0 I buy and sell 2nd mortgages. I currently hold a 2nd position mortgage on a property in Wash DC. The first mortgage holder (the bank) never recorded their mortgage which essentially puts me in first position. Can the 1st force me to sign a subordination agreement and what are my options?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Apr 14, 2011 8:40 pm    Post subject: Like 0 Dislike 0 Hi peiseman! Welcome to forums! I don't think the first mortgage lender will be able to force you to sign a subordination agreement. If they do so, you may be able to take legal actions against them. Feel free to ask if you've further queries. Sussane

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