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West Virginia Real Estate Commission 300 Capitol Street, Suite 400 Charleston, WV 25301 (p)304.558.3555; (f)304.558.6442 https://rec.wv.govThe West Virginia Real Estate License Act (WV Code 3040)

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How to fill out subordination resolution

01

Obtain a copy of the subordination resolution form from the appropriate institution or party requesting it.

02

Fill out the form completely with accurate information including the property address, borrower information, lender information, and any other required details.

03

Review the form to ensure all information is correct and accurate before submitting it for approval.

04

Sign and date the form as required to confirm that the information provided is true and accurate.

05

Submit the completed subordination resolution form to the appropriate party for review and approval.

Who needs subordination resolution?

01

Real estate developers or investors who are seeking to obtain financing for a property

02

Lenders or financial institutions who are providing financing for a property

03

Title companies or attorneys involved in real estate transactions requiring subordination agreements

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What is subordination resolution?

A subordination resolution is a legal document that establishes the priority of one debt over another.

Who is required to file subordination resolution?

Typically, lenders, borrowers, and third-party creditors are required to file subordination resolutions.

How to fill out subordination resolution?

To fill out a subordination resolution, you will need to include information about the existing debts, the parties involved, and specify the priority of the debts.

What is the purpose of subordination resolution?

The purpose of a subordination resolution is to clarify the priority of debts in case of default or bankruptcy.

What information must be reported on subordination resolution?

Information such as the amount of debt, the creditor's details, and the terms of the subordination must be reported on the resolution.

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