If you would like the Subordination Guidelines for USAA Federal Savings Bank AND the property is located WITHIN Washington State, please request the information here. If the subject property is located OUTSIDE of Washington State, please order your subordination here. As always, if you close your transaction through Legacy Escrow in Washington State, the subordination [...]

As a loan officer or real estate professional you may have a client who has had a former bankruptcy history that was filed in Washington State.    Some title companies will not go the extra mile to assist you in obtaining any records from the Western Washington district court system (Seattle and Tacoma). Legacy Escrow has [...]

Over the past year or two loan officers from various corners of the USA have been calling on Legacy Escrow Service, Inc. and utilizing our services for providing subordinations as part of our complete escrow closing program.   The most recent lender, The Lending Company from Arizona contacted us due to our experience in subordinations for their [...]

We have received numerous phone calls and e-mail requests asking for a HUD-1 Settlement Statement signed by the buyers and sellers. In Washington State, signatures on the Final HUD-1 Settlement Statement are not required and is not common practice. The IRS guideline states: If you claim the credit on a 2009 (or later) return, you [...]

Hello friends, It has been a whirlwind Holiday season with much going on and a last minute decision to move our office. We are relocating to an office near the Everett Costco. The office building is literally across the street from Silver Lake and Emory’s Restaurant (prior to it burning down, sadly). Our new address [...]

Received in a subordination from Bank of America which utilized their automated valuation program to calculate CLTV. Unfortunately, they are using the actual appraised value or the automated valuation program whichever comes in less. While this may not be new news, when the AVM is significantly less than the appraised value, well, the results can [...]

This video tutorial is about how to obtain a more complete picture of recorded documents against a home that you may be interested in. We do this by searching by parcel ID vs. searching only for a specific document. This way you will not alienate potential recorded documents that may be of interest to you [...]

Please see our post on lender subordinations. Bank of America subordination checklist has changed a bit, so it is updated today.