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The first Wells Fargo is still the San Francisco Main branch at 464 California Street. It was opened in 1852 and there is a Wells Fargo history museum around the corner at 420 Montgomery Street.

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15y ago

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Does Wells Fargo own First Union Home Equity Bank?

No, Wells Fargo does not own First Union Home Equity Bank. First Union was a bank that merged with Wachovia in 2001, which was later acquired by Wells Fargo in 2008. However, First Union Home Equity Bank itself does not exist as a separate entity under Wells Fargo's ownership today.


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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.


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