Sentences with phrase «debt against real property»
The written evidence from a contractor (or supplier of material) surrending the right of lien to enforce collection of debt against real property.
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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.
Bad credit lenders avoid property with too much debt against it as it would not be of profit to their real estate business.
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.
Other legal issues that caused major concerns for property managers, according to the 2011 Institute of Real Estate Management Legal Scan, include debt collection suits, which increased 14 percent since the 2009 survey, and fair housing cases, which grew by 25 percent for racial discrimination and 60 percent for discrimination against the disabled in that two - year period.