Thanks for the question.
If Wells Fargo holds the second mortgage on your commercial building and you have been making late payments, or have fallen behind, they are likely pursuing some type of action which would include foreclosure proceedings. Before they initiate a foreclosure, they'll want to get a better estimate of the value of the building, so your instinct is likely right, that they are ordering the appraisal in order to pursue the foreclosure process.
At this point, you should contact Wells Fargo directly, if you have not already done so. Since you are current on your first mortgage, you are clearly showing an intent to maintain the property. By contacting Wells Fargo, you'll give yourself an opportunity to explain your situation to them and try to work out some type of modified repayment plan that will allow you to keep the building. If you don't contact them, and their appraisal indicates that there is equity in the property, then they will likely pursue the foreclosure.
Thanks again for your questions and good luck - contact Wells Fargo today!
I hope this information helps you Find. Learn & Save.