Subordination & Assumption Application

What will need to be done to start the assumption/subordination process?

1. Title Commitment (schedules A & B) *Please note that the Title Commitment must include the lender and loan amount and we will not subordinate past 2nd position per the City's ordinance.
2. Copy of the Capital Charge Installment Payment Agreement(s). *All recorded pages.
3. If applicable, copy of any Assumption or Subordination Agreement(s) related to the property. * All recorded pages.
4. Warranty Deed or other documentation wherein present owner/seller took title to property.
5. Payment of application fees will be requested via e-mail after initial review and prior to execution.
6. Closing involving LLC's must provide articles and list of managing members.
7. A lien search is required for all Assumptions and can be requested through the City's Lien Services Division for a $80 fee, paid to them.

*Items 2-4 can be found at: https://acclaimweb.stlucieclerk.com.

To expedite shipping, please include a FedEx or UPS Label with your paperwork.

All the above documents will need to be scanned and attached to the application.

Please allow at least 10 business days for the City to prepare the Subordination and/or Assumption Agreements for routine cases. The turnaround time for more complex cases such as those involving trusts, LLCs, transfer of lien, changed Title Commitments, etc. could be longer.

Please be advised that City Utility accounts must be current in order for the agreements to be processed. **To verify balance please email utility@cityofpsl.com or call Connection Support at 772-873-6400.

Once the account is made current, all the above documentation is found, and payment is made then the assumption/subordination process can be started.

Start Assumption / Subordination Application