Curious Title Search Situation

[Mark Beekman]

I'm running some title searches for an upcoming Sheriff Sale and came across a situation that has me spooked.

There was a first mortgage from Wells Fargo and then, a few years later, there was a mortgage from IndyMac. Along with the new IndyMac mortgage, a Subordination was filed giving IndyMac the 1st lien position. The thing that has me spooked, though, is that the Subordination is signed by only the homeowners and Wells Fargo -- IndyMac's signature and Notary lines are blank!

IndyMac is the one foreclosing at the upcoming Sheriff Sale, but I noticed in the County records that Wells Fargo also recently filed foreclosure proceedings (although their date of last activity was about 4 months ago).

Should a situation like this be enough to scare me off to another property, or am I being paranoid?