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Subordination Process For California Homebuyer's Downpayment Assistance Program (CHDAP) Loans The California Legislature recently signed into law, two bills, AB X4 12 (Ch. 12, Stat. 2009) and SB 224.

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How to fill out the Chdap Subordination Form online

Completing the Chdap Subordination Form online can be an essential step for homeowners seeking to refinance their existing loans while maintaining their CalHFA junior loans. This guide will provide clear, step-by-step instructions to help users successfully navigate the form with ease.

Follow the steps to fill out the Chdap Subordination Form online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. In the first section, enter the CalHFA junior loan number(s) associated with your application. Ensure all loan numbers are accurately listed to avoid processing delays.
  3. Next, provide the borrower name(s) in the designated field. It's important to include all individuals involved in the loan without omitting any details.
  4. Enter the property address where the loan is applied. Include the city, state, and ZIP code to ensure precise identification of the property.
  5. Fill in the lender's name and address, including their contact information. Make sure to provide a reliable phone and fax number for follow-ups.
  6. Provide the escrow company details, including the contact name, escrow number, and relevant phone and fax numbers.
  7. Sign the legal statement acknowledging the correctness of the information. The authorized representative of the lender must provide their signature, printed name, and date.
  8. Review all sections of the form for completeness and accuracy before finalizing.
  9. Once the form is thoroughly filled out, you can save changes, download, print, or share the completed form as needed.

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To create a valid subordination agreement, specific elements are necessary. First, the Chdap Subordination Form must outline the priorities of the loans involved clearly. Additionally, signatures from all parties, including lenders and borrowers, are essential to ensure the agreement is enforceable. This legal document must also comply with local and state regulations to be considered valid.

Example of a Subordination Agreement A standard subordination agreement covers property owners that take a second mortgage against a property. One loan becomes the subordinated debt, and the other becomes (or remains) the senior debt. Senior debt has higher claim priority than junior debt.

This form is designed to provide the information necessary for responding to a request for subordination of an AHC note and mortgage to a subsequent note and mortgage made or to be delivered to another lender.

Subordination agreements are prepared by your lender. The process occurs internally if you only have one lender. When your mortgage and home equity line or loan have different lenders, both financial institutions work together to draft the necessary paperwork.

A subordination agreement is a legal document that establishes one debt as ranking behind another in priority for collecting repayment from a debtor. The priority of debts can become extremely important when a debtor defaults on their payments or declares bankruptcy.

A mortgage subordination refers to the order the outstanding liens on your property get repaid if you stop making your mortgage payments. For example, your first home loan (primary mortgage) is repaid first, with any remaining funds paying off additional liens, including second mortgages, HELOCs and home equity loans.

Yes, the Subordination Agreement (HUD-92420M) should be used to subordinate all governmental secured second mortgages, including HUD-held second mortgages, such as those used to secure Mark-to-Market restructuring or Partial Payment of Claim notes.

A subordination agreement is a legal document that establishes one debt or claim as ranking behind another in priority for repayment. The priority of debt repayment can become very important if a company or individual defaults on their debt repayment obligations and declares bankruptcy.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232