Sentences with phrase «amount of the lien»

The approximate amount of the lien on the house is $ 749,264, with the note and mortgage assigned to Wells Fargo Bank, according to county clerk records.

Equity: The value of an asset in excess of the amount of any liens.

If an asset is subject to a mortgage or a lien, your equity is the value of the item after deducting the amount of the lien or liens (the equity).

Finally, tax liens can be crammed down, and removed from property, often by paying much less than the amount of the lien depending on how much equity there is in the property.»

The amount of money that a lender will loan depends upon how old you are at the time of closing, how much your house is worth, the total amount of liens, and interest rates.

The Mississippi high court also make a good call for plaintiffs on the question of the collateral source set off when the amount of the liens / bills have been reduced.

Under the Health Care Lien Act, the total amount of liens are limited and «shall not exceed 40 % of the verdict, judgment, award, settlement or compromise secured by or on behalf of the injured person on his or her claim or right of action.»

Woodmere (Credit Valley) v. Sarcevich (1998), 40 O.R. (3d) 543 - although a lien was grossly exaggerated, it did not result in a successful claim for damages, since the trial judge found that the amount of the lien did not result in any damages (rather the fact of the lien, which would have existed whether the lien claimant claimed the correct amount) was what drove the purchasers of the property away, since the purchasers were looking for an excuse not to close.

The penalties can be as severe as requiring you to pay back twice the original amount of the lien.

Our attorneys at Palmer Law Group LLP are experts at identifying, reducing and avoiding these liens when possible, and working with providers to reduce the amount of these liens when they do apply to increase your net recovery overall.

Under the Construction Lien Act, in order to discharge the lien, the condominium corporation can pay into Court the amount of the lien as security, pending the Court's decision on whether the contractor is entitled to that amount.

Also, the ambulance had to have provided you services within 72 hours of your accident and the amount of its lien can not exceed $ 1,000.

Upon the death of the insured, the death benefit will be reduced by the amount of the lien, and the remaining death benefit will be paid.

The amount of the lien.

They are going to have a «deficiency judgment» against them if it does not sell for the amount of the lien.

Not exact matches

For instance, the government might report the wrong amount of outstanding taxes, or they might fail to release a lien after you pay the amount due.

There will likely be money left over for the lender after the government gets its due if the lien is for a small amount of money.

Eligibility for the Offer depends on the specific characteristics of your credit transaction, including credit line amount, your credit score and history, lien position, collateral location, and term.

Any amounts payable to a Sponsor Indemnified Party under Section -LSB--RSB- of the Trust Agreement may be payable in advance or shall be secured by a lien on the Trust.

Bosworth, who said the amount of Terry's liens left her «surprised,» said she has asked Town Attorney Elizabeth Botwin to «undertake a comprehensive review and to advise me on any necessary changes in town policy and procedures that we need to take.»

Collection and accounting of all amounts due and received under the terms of the loan, including release of liens for pay - off at maturity and prepayments;

A title loan, also known as a title pawn, is a type of secure loan where a lender puts a lien on a borrower's property, their car in this case, in exchange for an amount to be loaned.

The lender will place a lien against your home or automobile until you have repaid them in full for the amount of money that they extend to you.

«However, for low - to - moderate UPB borrowers taking out larger amounts of equity — again narrowing the scope to borrowers that will continue to itemize — the post-tax math may now favor cash - out refinances instead, even if it results in a slight increase to first - lien interest rates.»

The reason for the change lies with a settlement the major credit bureaus made in 2015 with 31 state attorneys general, where the bureaus agreed to adopt more stringent policies with regard to credit reporting and the amount of information needed to link tax liens and civil judgments to individuals.

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

You usually have a certain amount of time to file an appeal to have a tax lien removed.

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

For any asset that is pledged as collateral — such as a car being financed — include the name and address of the lien holder, the lien amount, payment frequency, and amount.

Tip: In a streamlined installment agreement, the IRS won't file a federal tax lien on amounts of $ 25,000 or less.

Individuals will not be able to depend on an alert via their credit, and if a lien goes unpaid it can accumulate copious amounts of interest and fees over the span of a decade or more.

For lenders, a mortgagee title insurance policy protects the lender from a loss incurred, up to the loan amount, in financing a piece of real estate resulting from an invalid or inferior lien position.

Equity is the amount of monetary ownership a homeowner has in their property and is determined by subtracting the balance of any liens against the property from the home's market value.

The LTV ratio is calculated as the amount of the mortgage lien divided by the appraised value of the property, expressed as a percentage.

A lien is usually in the form of a legal document that is signed by the one who is owed money in addition to the one who owes the money and is agreeing to the amount to be repaid.

Once they have the appropriate license, lenders have the power to enter into a contract with a borrower, stating that they will give them a certain amount of money in exchange for putting a lien against their car.

This judgment will be reported on your credit report and, in most states, the hospital can put a lien on your property in the amount of the judgment.

It makes good financial sense to refinance a mortgage, especially if it means the house will be free of liens in a shorter amount of time.

As with any home - secured loan, the borrower must meet their loan obligations: keeping current with property - related taxes, insurance, maintenance and any homeowners association fees; failure to pay these amounts may cause the loan to come due, may subject the property to a tax lien or other encumbrances, or may result in the loss of the home; 4.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

Rather than owning the home, the bank or lender adds a lien in the form of a reverse mortgage loan onto the title so they can eventually collect the amount loaned plus interest.

A refinance transaction in which the new mortgage amount is limited to the sum of the remaining balance of the existing first mortgage, closing costs (including prepaid items), points, the amount required to satisfy any mortgage liens that are more than one year old (if the borrower chooses to satisfy them), and other funds for the borrower's use (as long as the amount does not exceed 1 percent of the principal amount of the new mortgage).

But the lender will place a lien on the title in the amount of the monies borrowed.

Some Chapter 13 debtors are able to strip their second lien, or eliminate it entirely, if the value of the home is less than the amount owed on the first trust deed.

The calculation is, in essence, subtracting any liens or remaining mortgage amount of your home from its current market value.

A second lien is held on your property in the amount of the advance.

A refinance transaction in which the amount of money received from the new loan exceeds the total of the money needed to repay the existing first mortgage, closing costs, points, and the amount required to satisfy any outstanding subordinate mortgage liens.

If you have not been able to sell your property and have no lien junior to your lender's deed of trust, your lender may accept a deed - in - lieu of foreclosure in satisfaction of the amount of your loan.

the home or automobile does not have equity (a liquidation value in excess of the amount owed to creditors with liens against the property) in excess of what you are allowed to exempt.