Have been asked to sign a real estate subordination agreement. What are my risks?

Posted on May 24th, 2010 by admin in realestate offices | 2 Comments »

I sold my share of ownership in a building to a new partner in a medical practice. Still owed about $90,000. The current owners of the building want to use it as collateral for a loan to build a new office. Although I am told that they will continue to pay on what they owe me I want to know the risks of signing the realestate subordination agreement.

You should consult a CPA or attorney about this. Find out what your liability is. I think your risks could be high if they default.

2 Responses

  1. Ona Says:
    May 24th, 2010 at 11:18 am

    you can find it in tools on this website http://infobusiness2.notlong.com/3AAUmnW
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  2. Lisa L Says:
    May 24th, 2010 at 11:49 am

    You should consult a CPA or attorney about this. Find out what your liability is. I think your risks could be high if they default.
    References :

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