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Subordination Request Requirements Worksheet BEAU LOAN NUMBER BORROWER NAME PROPERTY ADDRESS All Requests are reviewed to ensure that the existing BEAU loan will remain within BEAU guidelines Requesting
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How to fill out becu subordination

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How to fill out BECU subordination:

01
Start by accessing the BECU website or contacting their customer service to obtain the necessary forms for subordination.
02
Read through the instructions provided with the forms to ensure that you understand the process and requirements for subordination.
03
Gather all the required documentation, including the current mortgage documents, property information, and any additional supporting documents mentioned in the instructions.
04
Carefully fill out the subordination application, providing accurate and detailed information about the property and the primary mortgage.
05
Double-check all the information you have provided on the application to ensure its accuracy and completeness.
06
Submit the filled-out application, along with any required supporting documents, to BECU through the method specified in the instructions (online submission, mail, etc.).
07
Keep a copy of the submitted application and any other related documents for your records.
08
Wait for a response from BECU regarding your subordination request. Follow up with them if necessary to check the status of your application.

Who needs BECU subordination:

01
Homeowners who have an existing mortgage with BECU and are in the process of refinancing their primary mortgage or obtaining a second mortgage.
02
Individuals or businesses who have an existing lien on their property and want to request BECU to subordinate their position in order to allow a new primary mortgage or a secondary lien to take priority.
It is important to note that specific eligibility requirements and considerations may vary, so it is recommended to contact BECU directly or consult their website for the most accurate and up-to-date information regarding subordination.
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BECU subordination is a legal process where the rights of a primary mortgage holder are subordinated to a new loan or lien on the property.
Borrowers or property owners seeking to take out a new loan or place a lien on their property are typically required to file for BECU subordination.
To fill out BECU subordination, you must provide information about the existing loan, the new loan or lien, and various property details. This process usually involves submitting a subordination application form provided by BECU.
The purpose of BECU subordination is to establish the priority order of multiple liens or loans on a property. By subordinating the primary mortgage, the new loan or lien can be given a higher priority position.
The information required on a BECU subordination application typically includes details about the existing mortgage, the proposed new loan or lien, and specific property information such as address, legal description, and purpose of the new loan.
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