Definition of "Subrogate"

Michael Flowers real estate agent

Written by

Michael Flowerselite badge icon

Fairfax Realty

Substituting one party for another in an action giving that party full rights or claims. Foe example, an insurance company pays the insured for a fire loss caused to the home by a third party. After the insurance company reimburses the insured for the loss, the insurance company 'now stands in the insured's shoes"" and sues the third party for the damages.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Buyer agrees to accept the responsibility for the existing mortgage. The seller is not relieved of the obligation unless the lender agrees to release it. Many lenders charge points and ...

Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...

(1) Giving up an ownership claim to property. (2) Renunciation of a claim to real property. ...

An official indicating intensity of land use in a zoned urban area. ...

Cancellation of a contract such as when a real estate agreement is deemed illegal. ...

Window normally mounted on hinges in a window casing. It swings outward to open. ...

Barrel, reservoir, or tank for storing rain runoff. ...

Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...

Will not meeting all the requirements of a valid will. ...

Popular Real Estate Questions