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Jul 16, 2012 ... Subordination Requirements Checklist (FRM-005). Page of 8 ... Green Tree does not subordinate to the following new loan types: a. Lines of ...
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How to fill out green tree subordination form
How to fill out green tree subordination form:
01
Obtain the green tree subordination form from your mortgage lender or financial institution. It may also be available for download on their website.
02
Fill in your personal information accurately, including your name, address, phone number, and email address. Double-check the information to ensure its correctness.
03
Provide the details of your mortgage lender, including their name, address, and contact information. This is crucial for the subordination process.
04
Indicate the type of loan you have and provide information about your existing mortgage. Include the loan amount, interest rate, and repayment term.
05
Explain the purpose of the subordination. Clearly state why you need to subordinate your existing mortgage, such as in case of obtaining a second mortgage or refinancing.
06
Attach any required supporting documents. These may include the new loan agreement, appraisal report, or any other documents requested by your mortgage lender.
07
Review the completed form for any errors or omissions. Make sure all the information provided is accurate and up-to-date.
08
Sign and date the form, certifying that the information provided is true and accurate to the best of your knowledge.
09
Submit the completed form along with any supporting documents to your mortgage lender. Follow their instructions on how to submit the form, whether it be via mail, email, or an online form.
Who needs green tree subordination form:
01
Existing homeowners who are looking to obtain a second mortgage on their property while still having an outstanding mortgage with Green Tree Financial.
02
Individuals who wish to refinance their existing mortgage loan but also have additional financing requirements.
03
Borrowers who are seeking to consolidate their debts or apply for a home equity loan but require the cooperation and consent of their mortgage lender, Green Tree Financial, to subordinate their existing mortgage.
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