Sentences with phrase «buyers of the liens»

Not exact matches

Under the current system, a home buyer typically pays thousands of dollars to hire someone to go to the county courthouse and search through documents for any outstanding liens on the property.

Similarly, if your credit rating is high with no outstanding judgments or liens, your lender may pre-qualify you for a wide range of mortgage products which are unavailable to buyers with low credit rating.

The purpose of the search is to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed in the record, which would adversely affect the marketability or value of title.

We strongly recommend having the final paper work of the land contract to be notarized and filed with the county recorders office and check to see if there are any liens on the property to protect the buyer and to prevent any dishonesty from the seller.

These funds are not forgiven after a certain period of time; rather the lien will stay on the property until the buyer decides to sell the home.

Chapter 13 can prevent the sale of your real estate tax lien to a debt buyer.

The buyer's agent and myself were going to pay it out of our commission but the 1st lien holder refuses to allow it on the HUD.

The buyer can pay the seller the money to cover the lien (in the case of a bank loan) but that doesn't mean the seller will actually pay off the loan (so the title is never clear!).

As with the example above, mortgage lenders, mortgage insurance companies, second lien holders, and in the case of short sales, the new buyers have to agree to the terms of the loss mitigation program.

In a warranty deed, seller represents that he owns the property and has the right to sell the property to the buyer and that no liens or claims are against the property except those that are expressed on the face of the deed.

A Warranty Deed is a preferred method of transfer as it provides the Grantee (Buyer) with guarantees that the property purchased is free of debt or other liens and that the Grantor (Seller) has the authority to sell the property.

His experience includes representing providers and purchasers of construction services and materials in matters involving construction defects, contracts, and liens; representing buyers, sellers, owners, lessors, and tenants of real estate in land and lease disputes; representing owners, directors, officers, and employees in business and employment disputes; and representing individuals and entities in a broad array of other litigation matters.

The Buyer must receive, on or before this deadline, true copies of all existing surveys in the Seller's possession pertaining to the Property and must disclose to Buyer all easements, liens or other title matters not shown by public records, of which the Seller has actual knowledge.

It's not much different from you paying part of the purchase price to the seller or giving money to the buyer for their down payment — but without the benefit of a lien or titled equity interest.

Prior to closing, Relocation filed a broker's lien on the property, claiming that it was entitled to its portion of the commission for producing a buyer for the property.

If, however, there is no buyer for the property you have up for sale, most lenders will place a lien on the property, thereby making that bridge loan a kind of second mortgage.

In Ohio, you can collect up to 18 % interest, but if the property is too much of an armpit to find a buyer in the foreclosure auction or the property owner doesn't pay off your lien, you've got a certificate with $ 0 value.

The price Tax Lien Buyers Club would sell to their clients is the current Redemptive Value of the tax lien, which is the same price the county would sell a lien to a cliLien Buyers Club would sell to their clients is the current Redemptive Value of the tax lien, which is the same price the county would sell a lien to a clilien, which is the same price the county would sell a lien to a clilien to a client.

Tax Lien Buyers Club will give you the advantage of looking at liens you have been provided with and you never have to purchase anything you don't want as with all things in life.

Josh Carr is the Chief Marketing Officer for REI Holdings dba Tax Lien Buyers Club (aka Tax Lien Vault, i.e. Neff Companies — it's all the same), so of course he's going to tell you it's amazing and you should buy into it.

Above in the thread is an example of the information provided by Tax Lien Buyers Club being factually incorrect and not understood by one of their associates.

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.

Experience with different lenders will tell you, for example, whether the process will extend beyond your buyers» time frame or the holder of a second lien will stand in the way of the sale.

Here is a clause to assist you in making sure the seller does not remove anything that the buyer is expecting to receive on closing: «The seller represents and warrants that all existing flooring and floor coverings, drapery tracks, ceiling fans and fixtures, built - in appliances, bathroom mirror (s), heating - ventilating - air conditioning equipment, central vac and accessories and all other items secured by means of nails, screws, plumbing, wiring, ducting and related accessories that are now on the property are to be included in the purchase price except items which are leased or rented and those specifically listed herein and all shall be in working order and free from all liens and encumbrances on completion.»

Buyers need to be wary of unpaid liens, including mortgage debt, taxes, construction loans, home equity lines of credit, and possibly a second or third mortgage.

The Title Company also entered into an agreement with the Seller and buyer to escrow the amount of the Brokerage's lien.

Keys to the Lake Lodging Co., LLC («Buyer's Representative») filed a notice of broker's lien right against those units and mailed a copy to the Seller, claiming a commission from those transactions.

I thought about looking into auctions before but thought at the time the risks are higher with the buyer having to really do their title work and lien searches carefully ahead of time since you are not going to get a title insurance.

The other advantage of REOs is that the seller / lender pays any outstanding taxes and liens rather than the buyer.

The bank will see to the removal of tax liens, evict occupants if needed and generally prepare for the issuance of a title insurance policy to the buyer at closing.

The benefits of these sales are that buyers have a chance to inspect the property prior to purchase, the title is usually clear of all liens, and any outstanding taxes are the seller's responsibility.

Title Insurance — An insurance policy, purchased by the Seller in most states, that warrants that the Seller has the authority to sell a given property and that the property is being transferred to the Buyer free of all liens and encumbrances.

Similarly, if your credit rating is high with no outstanding judgments or liens, your lender may pre-qualify you for a wide range of mortgage products which are unavailable to buyers with low credit rating.

v. Chase (186 A.D. 2d 341) summary judgment for broker affirmed; commission earned when produced ready, willing and able buyer; no evidentiary support for claim of «when, as and if title passes» or broker misconduct; defendants inability to reduce or release liens on property is irrelevant.

Buyers should be very careful with buying these properties because of various issues including, but not limited to, prior mortgages, HOA and Condo liens, municipal code violations, repair and structural issues, etc..

That leaves buyers with few choices for the types of loans available where there is a HERO lien on the property.

The buyer's agent and myself were going to pay it out of our commission but the 1st lien holder refuses to allow it on the HUD.

• Dealing with the emotional aspect of selling a loved one's home • The financial cost of making the necessary updates intended to attract buyers • Dealing with potential costly liens and other hidden challenges

Even in a cash transaction where no lender is involved, the buyer and seller may have to deal with all sorts of complications, such as removing any clouds on title (like satisfying any outstanding mortgages or paying any tax liens)-LSB-...]

If and when the buyer gets a refinance loan, the wrapped loan is paid and released, and the seller keeps any cash that exceeds the payoff amount of this first lien.

In any closing, but especially a Florida closing where someone is buying their primary residence, that buyer assumes that the seller is legally transferring full ownership of the land, and the improvements built upon the land (house, driveway, fence, sewer drains or septic systems, etc.), free and clear of any liens or encumbrances.

Even in a cash transaction where no lender is involved, the buyer and seller may have to deal with all sorts of complications, such as removing any clouds on title (like satisfying any outstanding mortgages or paying any tax liens) or satisfying any municipal violations (for things like overgrown grass or excessive trash on the property).

As title insurance is a necessary safeguard, to both buyers and lenders, that the property involved is free of any liens or other issues, it is Premier Service Abstract's guarantee to ensure a smooth and flawless real estate transaction.

However, for the real estate agents involved in the deal, along with the title agents as well as any real estate lawyers hired by either buyer or seller, closing on real estate is a familiar transaction, filled with all sorts of tasks and to - do lists (some of these tasks require spending money, like for inspections, title searches, survey and lien search, etc.) before the sale of the property is completed.

The purpose of the search is to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed in the record, which would adversely affect the marketability or value of title.

Legal / Financial Considerations - Possible or probable short sale or foreclosure - Violation of building codes, zoning ordinances or other restrictive covenants - Zoning (restricting buyer's intended use for the property)- Homeowners association obligations - Tenancies, judgments or tax liens - Proposed assessments or zoning changes - Mechanics» or materialmens» liens