Sentences with phrase «first lien on the property»

Basically it's hard - money lending institutionalized, with a first lien on the properties.

Basically it's hard - money lending institutionalized, with a first lien on the properties.

The reverse mortgage must be the first lien on the property, so any existing liens on the property, including mortgages, must be repaid in full.

The reverse home mortgage must be the first lien on the property, so any existing liens on the property, including mortgages, must be repaid in full.

The reverse home mortgage must be the first lien on the property, so any existing liens on the property, including mortgages, must be repaid in full before the reverse mortgage can be approved.

The lender places a first lien on the property, but the homeowner retains title to the home and is liable for insurance, taxes, and property maintenance.

A mortgage that is a first lien on the property is eligible to be endorsed for insurance following mortgage loan closing, disbursement of the mortgage proceeds, and establishment of the Rehabilitation Escrow Account.

a) Paid out to you in the form of a set of interest / dividend payments.In this case you get your money before anyone else including the property owners because you probably have a first lien on the property.

All loans are secured by a first lien on the property.

Specifically with commercial real estate investments, the loans are typically of a shorter duration, higher interest and return, and are backed not only with a first lien on the property, but the added advantage of the income - producing nature of the property itself.

However, the reverse mortgage will need to be the first lien on the property.