SC HELP Payoff and Subordinations

ALL requests for subordinations, payoffs, short sales and deeds in lieu must be in writing and include all documents requested on the form.

• Payoff Request Form
• Request for Subordination
• Release Request Form

SC HELP will give consideration to all requests, as long as the subordination is in the best interest of the applicant.

• The new mortgage lien must be a rate and term refinance.
• The refinance must benefit the homeowner with a reduction in rate, term and/or payment.
• The source of financing cannot be a cash-out to pay off multiple liens, credit cards or fund repairs to the house.
• If details of the 1003 transaction reflect cash back to the applicant, the amount of cash back must be within acceptable Fannie Mae (FNMA) limits.

Send complete package to: assistance@schelp.gov or fax to 803.551.4961. The subordination agreement, short sale or deed in lieu will be provided within 3-5 business days from the date of a complete request.