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intercreditor and subordination: Original post by Lisa Bigelow of Demand Media Subordination and intercreditor agreements both describe the position of importance of a lien. A lien is a claim that's made by a lender on an asset, such as a home. If the loan conditions aren't met by the borrower, the asset may be seized by the lender. A priority lien is usually the first recorded lien, although some types of liens may take first…

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