Sentences with phrase «additional liens on the property»

Not exact matches

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

The judgment means the lender can then take additional steps against you, including wage garnishment, freezing your bank accounts, and putting liens on any property you own.

The mortgage will be a lien on the subject property, so adding additional collateral does not help unless the mortgage is underwater.

Additional collateral requirements: First or second lien on the subject property.

For instance, lenders view builders liens and property tax liens as an additional mortgage on the property.

If the fair market value of a property is less than the amount owed on a first - priority mortgage, a Chapter 13 debtor may be able to remove additional mortgage liens through a process known as «lien stripping.»

Its intent was clear and definite; provide additional protections to individuals facing foreclosure by reforming the process by which lien holders effectively foreclose on a property.