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It means your mortgage company/loan ownership has changed. Your loan may have been sold and now the entity holding the lien on your property's "legal name" has changed. Or, your original mortgage company may have merged or been bought out -hence the entity's legal name change.
Wiki User
∙ 14y ago
Wiki User
∙ 7y agoAn amendment is a change to a contract. That phrase is likely related to a property insurance provision that provides for special protection for the mortgagee named in the policy. An amendment to the mortgagee clause may be required to change the name of the mortgagee when the named mortgagee merges with another lender under a new name as indicated below.
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Is a mortgagee clause considered a lien?
No. The mortgage is a lien. The mortgagee clause generally refers to a provision in the homeowner's insurance policy providing that loss to mortgaged property is payable to the mortgagee named in the policy and promises advance written notice to the mortgagee of policy cancellation.
What is the mortgage clause for jp Morgan chase bank?
The mortgage clause for JP Chase Bank offers mortgage name and address listed as loss payee under the mortgagee clause.
What is the mortgagee Clause for J P Morgan Chase?
The mortgagee clause for JP Morgan Chase is, JPMorgan Chase Bank for most instances. The exception is for hazard and flood insurance. In this case it is, Chase Home Finance LLC.
What is the mortgagee clause for PHH Mortgage Corporation?
There are several different mortgages available. Each type of mortgage has dozens of different clauses. A mortgage clause can be a remedy to a specific situation.
What is the mortgagee clause for quicken loans?
Quicken Loans Inc. ISAOA P.O. Box 717 Amelia, OH 45102
What does amended mortgagee mean?
An amended mortgagee refers to a change in the entity who holds the mortgage on a property. This change could occur due to a transfer of ownership, consolidation of debt, or refinancing of the mortgage agreement. It is a legal modification of the mortgage contract to reflect the new mortgage holder's details.
Is a mortgagee clause considered a lien?
No. The mortgage is a lien. The mortgagee clause generally refers to a provision in the homeowner's insurance policy providing that loss to mortgaged property is payable to the mortgagee named in the policy and promises advance written notice to the mortgagee of policy cancellation.
What is the mortgage clause for jp Morgan chase bank?
The mortgage clause for JP Chase Bank offers mortgage name and address listed as loss payee under the mortgagee clause.
What is the mortgagee Clause for J P Morgan Chase?
The mortgagee clause for JP Morgan Chase is, JPMorgan Chase Bank for most instances. The exception is for hazard and flood insurance. In this case it is, Chase Home Finance LLC.
What is the mortgagee clause for PHH Mortgage Corporation?
There are several different mortgages available. Each type of mortgage has dozens of different clauses. A mortgage clause can be a remedy to a specific situation.
What is the mortgagee clause for quicken loans?
Quicken Loans Inc. ISAOA P.O. Box 717 Amelia, OH 45102
What is the mortgagee clause for Associated Bank?
It's best to call their Customer Service Department to get that information. Depending on the type of loan, the mortgagee clause may vary. Their staff can look up your loan and give you the information that you need. They're there 24 hours a day, seven days a week at 800-236-8866.
What if the Mortgagee and ownership are not the same?
I thought the mortgagee was the bank, and that the owner would be you. So if this is true, the mortgagee and the ownership are almost never the same. Maybe do you mean to ask "what if the mortgagor (the borrower) and ownership are not the same"
What the happens when the mortgagee never recorded deed for real estate property?
Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.Assuming you mean that a release deed was never recorded when the mortgage was paid, you need to contact the mortgagee and insist it record a release.
Does owner of quit deed pay mortgage if mortgagee dies?
Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.Yes. If the mortgagee dies the debt is owed to their estate.
In a mortgage who is the mortgagee?
The lender is the mortgagee. The person who borrows the money is the mortgagor.
What is a mortgagee on home insurance policy?
Your mortgage company. They are your mortgagee and you are a mortgagor.
