City Subordinates CDBG Lien to MERS Mortgage
City of BellevueCity · Bellevue, NE- Disclosed value
- $92,539.00 (principal amount not to exceed $92,539.00)
- From agreement
- Document date
- Aug 6, 2019
The 30-second brief
The City of Bellevue’s Subordination Agreement will allow a new first lien mortgage, to be recorded in favor of Mortgage Electronic Registration Systems Inc. as nominee for Quicken Loans Inc., to take priority over the City’s existing CDBG lien. This structure facilitates a $92,539.00 refinance loan for homeowner Jennifer Libby.
Mortgage Electronic Registration Systems Inc holds this financial services contract with City of Bellevue. Its other public contracts on record include work for Rhode Island Housing and Sacramento County.
Term as filed: Mortgage/deed of trust securing first lien loan dated on or about August, 2019.
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Contract details
- Contract type
- Financial Services
- Amount
- $92,539.00 (principal amount not to exceed $92,539.00)
- Document date
- August 6, 2019
- Term
- Mortgage/deed of trust securing first lien loan dated on or about August, 2019
- Agency
- City of Bellevue
- Source document
- city_of_bellevue_subordination_agreement_with_quic.pdf (Agreement)
Mortgage Electronic Registration Systems Inc's other public contracts
More City of Bellevue contracts
Questions about this contract
Who was awarded the financial services contract by City of Bellevue?
Mortgage Electronic Registration Systems Inc was awarded this financial services contract by City of Bellevue, as recorded on August 6, 2019. The contract value is $92,539.00 (principal amount not to exceed $92,539.00).
How much is the Mortgage Electronic Registration Systems Inc contract with City of Bellevue worth?
The Mortgage Electronic Registration Systems Inc contract with City of Bellevue is valued at $92,539.00 (principal amount not to exceed $92,539.00), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in city_of_bellevue_subordination_agreement_with_quic.pdf (Agreement), dated August 6, 2019 from City of Bellevue. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Mortgage Electronic Registration Systems Inc hold?
Mortgage Electronic Registration Systems Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Bellevue currently buying?
Explore City of Bellevue's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.