Sentences with phrase «as liens against the property»

They will do whatever is necessary to ensure you receive payment from your ex-spouse including garnish their wages or bank account and registering the support as a lien against their property.

Trident conducts an exhaustive search of the public records to make sure there are no issues with the title such as liens against the property, utility easements, etc..

Is it recorded as a lien against the property you are purchasing?

Not exact matches

Ignoring your tax debt will impel the IRS to use tough tactics against you, such as placing a tax lien against your property or levying your assets until your debt is satisfied.

They often seek a judgment to place a lien against personal property such as your home, or wages.

They are part of the bankruptcy or consumer proposal and are included in your creditor list, as long as the CRA hasn't placed a lien against your property making it a secured debt.

Lien A legal claim against one's property as security for due payment.

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.

A tax lien is defined as a state or federal claim against a company's assets or property due to their failure to satisfy a tax bill on time.

The certificate will identify the property that the lien is registered against as well as show the outstanding debt owed.

Liens are a lender's claims against the value of property used as collateral for a loan.

It protects you from losses which may arise as a result of existing liens against the property's title.

Once the reverse mortgage loan has been approved, the funds are disbursed to the borrower according to the payment options they've selected (in a lump sum, as monthly payments, or through a line of credit) and a new lien is placed against the property.

If the court finds the debt is legally enforceable, the debt collection agency could garnish a portion of your wages, seize bank accounts or record liens against your real property, such as your house.

A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a «cloud» on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.

The lender will place a lien against the property that you present as collateral until the loan is paid in full.

As you might well imagine, the secured version of the bad credit personal loan is the least expensive in terms of interest because the lender feels more secure that you will repay your loan when he has a lien against your property.

If you fall behind in your payments, the state's child support enforcement office may begin collection activity against you, using such tactics as wage garnishment, seizure of income tax refunds, property liens and suspension of driver's, professional and occupational licenses.

The sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property is known as a short sale.

I both sell and purchase properties via the lease option method and one of my protections as the lease option buyer is knowing that the seller / owner can not sell or refinance the house out from under me as long as I have that recorded option against the property effectively creating a lien.

«For slander of title to be actionable the statement, which can be a lien, a certificate of pending litigation («CPL»), or other notices against title, must operate as a cloud upon the plaintiff's rights to the property at issue which makes third parties shun and avoid the plaintiff's property from a commercial point of view....

As of 2015 the city can no longer put a lien against a property for unpaid water or utility unless the unpaid bill belonged to the actual owner of said property.

That will almost certainly make them file criminal charges against the person that used the property as collateral if he can not pay off the lien.

Generally, these are pretty cut - and - dried, such as the seller paying off any mortgages or liens against the property, paying current taxes due, etc..

- Do your own inspection so you know what needs to be repaired - When you have it under contract, do a title search so you know if there are any liens against the property and how much they're for - You can check with the building inspection or permit department to ensure that any required permits have been pulled for any work that appears to have been done - Check market rents in the area if you plan to hold as a rental, and call the utility companies to get past utility bill information

Title Holding Trusts or Land Trusts protect real estate investors and property owners, especially through the ability to negotiate, acquire, hold, manage and sell real or personal property in a confidential and private manner, as well as liens, judgments and clouds against legal title to the property.

The vendor's lien creates a lien against the property that will allow the vendor (you) to foreclose if the buyer fails to pay you the note as promised.

This insurance is split into a lender's policy and an owner's policy and is required for protection against future claims such as unpaid real property taxes, liens or other encumbrances that weren't discovered during the title history search.