There is no guarantee that a partial release request will be approved. If the requirements are not fulfilled in the given time, Nationstar Holdings will return the request back to the applicant. Thirty (30) days are given to complete the requirements if the initial request was incomplete. The payment history should not have any payments more than 30 days late.Īny request for partial release without completing the above requirements will not be considered. Fannie Mae Form 236 (This is the Application for Release of Security if the loan investor is Fannie Mae. Supplementary information may be necessary upon assessment.ġ0. A letter describing the land for release with an explanation for the intention of the partial releaseĩ. Fees will be returned if the release is refused.ħ. This fee must be remitted before the request will be considered. The fees in the form of money order or cashier’s check in the amount of $250. The legal description of the land to remain under the lienĦ. The legal description of the land to be releasedĥ. This is to guarantee that the collateral security remains intact while processing the request.Ĥ. A full survey of the portion of land that is to remain, along with the surveyor’s drawings indicating where the home is located. A full survey of the portion of land that is to be releasedģ. The mortgage loan should be active and paid up to date.Ģ. The following are required for consideration of a partial release by Nationstar Mortgage:ġ.
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