Sentences with phrase «balance of the liens»

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.

Having equity means the market value of your home is greater than the outstanding balance of all liens on the property — that is, your mortgage loan, any second mortgage or home equity loans, plus other liens, such as tax liens or Homeowners Association dues.

Home equity is the difference between your home's fair market value and the total balance of any liens or mortgages on your home.

Not exact matches

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

It can sometimes be sensible, then, to shift a portion of the balance from your first lien to your new second mortgage to exploit this quirk in pricing.

Cash money, however, may be required if there is a lien on the automobile that you are trading and the balance is greater than the appraised value of your trade in.

5 mo.) Date: Mileage: Source: Comments: 04/21/2015 15,051 Texas Motor Vehicle Dept. Little Elm, TX Title # Title issued or updated New owner reported Loan or lien reported Vehicle color noted as Gray 06/17/2015 18,089 AutoNation Ford Frisco Frisco, TX Maintenance inspection completed Recommended maintenance performed Oil and filter changed Tires rotated 07/01/2015 18,135 AutoNation Nissan Lewisville Lewisville, TX Vehicle serviced 07/03/2015 AutoNation Ford Frisco Frisco, TX Maintenance inspection completed Battery / charging system checked Brakes checked Oil and filter changed Tire condition and pressure checked Tires rotated 11/10/2015 25,906 AutoNation Nissan Lewisville Lewisville, TX Maintenance inspection completed Battery / charging system checked Brakes checked Tire condition and pressure checked Tires rotated 02/23/2016 31,773 TAS of Denton Denton, TX Tire valve stem (s) / core (s) replaced Tire (s) balanced 05/05/2016 35,890 Texas Inspection Station Little Elm, TX Passed emissions inspection 05/13/2016 Texas Motor Vehicle Dept. Little Elm, TX Title # Registration issued or renewed Loan or lien reported Passed safety inspection Vehicle color noted as Gray 06/08/2016 38,231 Brakes Plus # 309 Little Elm, TX Oil and filter changed 10/17/2016 45,339 Dealer Inventory Vehicle offered for sale 10/18/2016 Dealer Inventory Vehicle offered for sale 10/21/2016 Texas Motor Vehicle Dept. Little Elm, TX Title # Title issued or updated Vehicle color noted as Gray Loan or lien released 10/31/2016 Texas Inspection Station Little Elm, TX Passed emissions inspection 12/19/2016 45,500 Dealer Inventory Vehicle offered for sale Have Questions?

With this plan, we aim to help homeowners avoid foreclosure by reducing or eliminating the principal balance of those in need of relief from a second mortgage lien they can no longer afford.

At the end of the plan, the unpaid balance would be discharged and the second mortgage lien would be released.

For both types of loans, the borrower may not have foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.

3 Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on — time payments with a borrower FICO > 749 for EDvestinU Private Student Loans and minimum income requirement of $ 30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

22 % per month of outstanding balance up to $ 700, 18 % per month for $ 701 - $ 1,400, 15 % per month for $ 1,401 or above, lien fees permitted.

«In the third quarter of 2010,» says Freddie Mac, «33 percent of homeowners who refinanced their first - lien home mortgage lowered their principal balance by paying - in additional money at the closing table.»

The Principal Reduction with Recast Program or Lien Extinguishment (PRRPLE) program will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmLien Extinguishment (PRRPLE) program will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmlien extinguishment.

The Principal Reduction with Recast Program or Lien Extinguishment (PRRPLE) will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmLien Extinguishment (PRRPLE) will lower monthly mortgage payments to affordable levels for eligible homeowners by providing (i) a reduction in the principal balance of their first mortgage loan, combined with a loan recast or modification, or (ii) principal reduction which results in a full lien extinguishmlien extinguishment.

Just as second and third mortgage liens can be stripped from your home, the balance of a car loan can be reduced or «crammed down» to match the current market value of your car.

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).

Under New York law, a judgment creditor may then garnish 10 % of gross wages, put a lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.

If you close your Credit Line before the third anniversary you may be charged 1 % or 2 % of the principle balance depending on lien position, up to $ 250.

The interest payments include a lien for the balance of the refinance loan on the property.

«Good Standing» means that you 1) make sufficient deposits to bring your account to a positive end of day balance at least once every 30 calendar days (including payments of all bank fees and charges); 2) avoid excessive overdrafts; and 3) there are no legal orders, levies, or liens against your account.

Credit reports are an official record of your financial history, detailing everything from auto loans you've taken, to credit card balances you've carried, to liens and bankruptcies linked to your name.

Usually, the lien has a beginning date of attachment, the principal owed, and the percent of interest allowed on the unpaid balance if any, normally so much per year in simple interest.

There is an early termination fee of 1 % or 2 % (up to $ 250) of the principal balance depending on lien position if your HELOC is closed before the third anniversary.

If you find yourself underwater on your home based on the balance of your first mortgage, additional mortgage liens are considered «undersecured» and are eligible to be removed or stripped by the bankruptcy court.

Either way, the maximum amount owed is $ 500,000 and the Lien Holder can not come after the estate for the difference between the accrued balance and the current value of the property.

If you miss the deadline: The IRS may file a Notice of Federal Tax Lien and / or issue a levy against wages, bank accounts or other assets if you don't pay the balance or contact the IRS to establish a payment arrangement within 30 days.

The loan balance on day 1 of your reverse mortgage will include: payoff of existing liens / mortgage, origination costs, up front mortgage insurance premium (MIP), and any of the reverse mortgage funds you take up front.

Due on Sale: When you sell a property which has a mortgage lien, the remaining balance of the loan is paid to the lender at the time of the sale.

This type of lien gives the lender the right to sell the property in order to satisfy the outstanding loan balance.

Home equity is the difference between your home's fair market value and the outstanding balances of all the loans and other liens on your property.

Chapter 13 is the only chapter that provides this; in order to «strip» a junior lien, the chapter 13 debtor must prove that the junior lien is completely unsecured - that is, that the value of the home is less than the balance of the existing first mortgage.

A refinance transaction in which the new loan amount exceeds the total of the principal balance of the existing first mortgage and any secondary mortgages or liens, together with closing costs and points for the new loan.

«Xue, 52, and Mei - Lien, 48, are part of the sandwich generation, balancing a variety of financial objectives.

Another important benefit of paying your balance in full is that you can avoid the filing of a state tax lien on your property (Notice of Lilien on your property (Notice of LienLien).

Experian's spokeswoman said a consumer's credit report contains four types of data on the borrower: identifying information (including name, address, phone number, Social Security number, date of birth and spouse's name), account history (individual credit account information such as the date opened, credit limit or loan amount, balance, monthly payment, payment status and payment history), data from public records (such as federal bankruptcy records, tax liens, monetary judgments and overdue child support payments) and a record of inquiries into your credit history.

Home equity is the difference between the current market (appraised) value of your home and the outstanding balance of your mortgage and all other liens on the property.

This calculation includes the balance of all mortgage liens on the property rather than the balance of a single loan.

Delivering judgment, Lord Briggs said: «The careful balance of competing interests enshrined in the RTA Protocol assumes that a solicitor's expectation of recovery of his charges from the defendant's insurer is underpinned by the equitable lien, based as it is upon a sufficient responsibility of the client for those charges.

A collateral assignment is a legal document familiar to all lenders and in effect is a lien against the policy which guarantees insurance policy proceeds are first payable to the «assignee», in this case the lender, with the balance of proceeds going to the named beneficiary of the policy.

An employment credit check provides a summary of balances, payment history, liens, judgments, bankruptcies, and official inquiries.

Used to further assess an individual's level of responsibility, an employment credit check provides a summary of balances, payment history, liens, judgments, bankruptcies, and official inquiries.

Track record of verifying lien payoff balances and automotive insurance policies.

The mortgage deed or trust does not have a power of sale clause, therefore the lender, trustee or another lien holder must take the borrower to court to recover the unpaid balance of a delinquent debt.

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.

At closing, Bill pays Sam a $ 21,000 down payment (10 %) and gives Sam a promissory note for the balance of the purchase price ($ 189,000), plus a deed of trust or wraparound mortgage securing Sam's lien against the property.

If you do not intend to keep the property and your title is clear of other liens, we may (based on requirements set by the owner of your loan) be able to accept the deed to the property and forgive your debt, even if the property is worth less than the balance that you owe.

Need the checkbook function since I use online tax lien auctions and they require an ACH of the deposit before bidding and then an ACH within 24 hours of the end of the auction for the final balance.

But it's still problematic because you still need to make a contractual monthly payment on the first lien regardless of the balance or activity on the HELOC.