Sentences with phrase «lender lien release»

Provider Application Lender Application Electronic Lien & Title Non-Participating Lender Lien Release Electronic Lien & Title Non-Participating Lender Request for Paper Title Electronic Lien & Title Participating Lenders

Not exact matches

Instead, some conduit lenders require borrowers go through a process known as defeasance to release the lien on the property.

To redeem the vehicle, you would pay the lender $ 2,000 and the lender would release its lien.

Yes, however, all your existing lenders must agree to release the liens against your home.

Instead, some conduit lenders require borrowers go through a process known as defeasance to release the lien on the property.

If the repayment terms on the lien and therefore on the loan are met, the lender will release the lien.

(2) You may still be obligated on the debt: when the lender agrees to a short sale, the lender is only agreeing to «release» their lien on the property for less than what they are owed.

To get your lender to release the lien for a clear title transfer to the buyer, you must pay your lender back via the settlement, or «closing» process.

However, if the payment is made by check, your lender may delay releasing any liens and returning the title for five business days to confirm funds are available.

You'd be trapped in your home with practically no way of selling it (because you can't release the lender's lien).

If a title search indicates that the mortgage lien hasn't been released, your lender may not have yet filed, doesn't intend to file because you still owe money, or it will not file the lien release on your behalf — you must do it.

Your lender should send you a copy of the lien release document within 30 days of loan payoff.

Meaning I agree to pay the lender $ 4000 and they release their lien.

LoanMart will pay your previous lender to release the lien on your title, and LoanMart will place their own.

The lien will be released once you have repaid the lender in full.

Your current lender will release the lien hold on your title.

Typically, this means that home equity lenders must agree to release or subordinate their liens to the new refinance mortgage.

As a result, the lender will release the lien on your car's title.

When we do a title loan on a financed car or refinance your title loan from a competitor, we pay your debt, so that the original loan is paid, and the lender releases their lien on your car's title.

While many states allow commercial brokers to file a lien on the property for an unpaid commission, «lenders often won't release financing without good title,» so filing a lien — which clouds the title — may actually prevent an owner from receiving the funding needed to pay the commission, she explains.

For example, lenders could fund a loan for which the title search identifies an unreleased lien on the property «without going through the pain of releasing the lien» if a subsequent credit report shows the second loan has a zero balance, he says.

The trial court found that the while the Illinois commercial broker lien law did not require the Brokerage to release its lien, the court extinguished the Brokerage's lien and awarded the Lender the amount held in escrow.

Without language in the contract stating that the lenders must approve the offer and release all liens on the property, the seller may face a legal problem for failing to execute the contract if the short sale is not approved, says Hollingsworth.

The court also ruled that the Lender was estopped, or prohibited, from claiming the escrow funds, as it had released its liens and created the escrow fund to satisfy the Brokerage's lien.

The Lender then filed a lawsuit seeking a judicial declaration that it was entitled to receive the escrow funds and the Brokerage was required to release its lien.

An Illinois appellate court has considered whether a commercial broker must release its lien on a property when the lender has released its liens on the property, under the state's commercial broker lien law.

The court also ruled that while the Lender's liens at one time had priority over the Brokerage's lien, the Lender lost its priority when it released its lien.

In the example of the car or truck, the lender will not release the title until the lien is paid in full.

You can't sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.