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What if the subordinate mortgage is recorded prior to the first lien?
The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.The subordinated mortgage is usually recorded prior to the mortgage that is to take first place. That is the reason for the subordination.Suppose you granted a mortgage to Fleet Bank in 2001. That mortgage is not yet paid off and you applied for a new mortgage to Wells Fargo. The Wells Fargo mortgage is approved but Wells Fargo will require that the Fleet mortgage be subordinated because it was recorded first and will take precedence in the event of a foreclosure unless it is subordinated and Wells Fargo is allowed to take first place.
How could you apply for a Wells Fargo mortgage?
In order to apply for a Wells Fargo mortgage, you must go to a Wells Fargo bank. You will talk to a person in charge of the mortgages. Don't forget to take all of the necessary paperwork.
Where can one find a mortgage loan application from Wells Fargo?
One can find a mortgage loan application from Wells Fargo in a few places. One of those places is at the bank itself, by asking a customer service representative or mortgage adviser. Another place that one can find a mortgage application from Wells Fargo is online at the bank's web site.
Who owns wachovia mortgage corporation?
Wachovia Mortgage Corporation is a subsidiary of Wells Fargo Bank, N.A.
What are the interest rates for Wells Fargo Bank home mortgages?
Wells Fargo mortgage interest rates are determined by the length of the mortgage loan that you are trying to get approved for. A 30 year fixed loan interest rate at Wells Fargo is 4.625 currently.
What are the mortgage rates for Wells Fargo bank?
Mortgage rates for Wells Fargo Bank can vary from day to day. The rate can change based on fluctuations of the primary rate. It is best to check online daily for most current rates.
What are the current mortgage fixed rates?
The current mortgage fixed rates depend on which bank your mortgage is with and how long your mortgage is for. A Wells Fargo 30 year mortgage is 3.75%.
Does Bank of America own Wells Fargo Bank?
Bank of America does not own Wells Fargo. Wells Fargo just bought Wachovia though.
What are some examples of mortgage lenders of America?
Wells Fargo Mortgage, Bank of America, Chase, Ally Bank/Rescap (GMAC), Amerisave Mortgage and CitiMortgage are some examples of mortgage lenders of America.
What is the Wells Fargo dtc number?
Wells Fargo Bank, National Bank - 2027
What are the advantages of Wells Fargo mortgages?
There are a few different benefits in getting a mortgage through Wells Fargo Bank. Some of these advantages include convenience, flexibility, and potential tax benefits.
What is the address for Wells Fargo Home Mortgage Insurance Department?
Wells Fargo Bank NA #708 ISAOA ATIMA PO Box 5708 Springfield, OH 45501-5708
