Sentences with phrase «first lien position»

The bridge loan is for Issaquah real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Boulder real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Kirkland real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Mercer Island real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Renton real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Littleton real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The bridge loan is for Burien real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

The hard money loan is for Redmond real estate only, and must be in first lien position secured with a Deed of Trust and insured with a Lender's Title policy.

This loan must be securitized in first lien position on either residential, multi-family, or commercial real estate; we do not extend bridge loans for land purchases.

If you have access to 4 - 5 % HELOC money and your first lien position is north of 10 %, then I could see it possibly working.

I just closed on a first lien position HELOC with Desert Financial Credit Union in Arizona.

However, the reverse mortgage must be in a first lien position, so any existing indebtedness must be paid off.

A: Your lender is in a first lien position and the Federal Housing Administration is in a second lien position.

First Mortgage — A mortgage which is in first lien position, taking priority over al other liens (which are financial encumbrances).

A conventional lender provides up to 50 percent of the total project cost and holds the first lien position.

NAR signed on to a joint letter, along with the Mortgage Bankers Association, the Financial Services Roundtable and several other financial services and real estate groups, that raised several concerns about PACE loans, especially the provision that places any PACE loans in a first lien position ahead of the primary mortgage.

Efficiently prepared requirements for transferred clean title and insured first lien position, by verifying title commitments and tax certifications for accuracy, outstanding liens, and exceptions to the title commitments.

Your APR will be between 4.99 % and 8.84 % for a loan in first lien position and between 4.99 % and 11.49 % for a loan in second lien position.

First Lien Position — Primary claim by a lender for satisfaction of outstanding debt.

First Mortgage — A mortgage is in the first lien position, which takes priority over all other liens, such as a home equity loan or line.

Lines over $ 250,000 in first lien position may require title insurance.

However, if your house is completely paid for and you have no mortgage, some lenders allow you to open a home equity line of credit in the first lien position, meaning the HELOC will be your first mortgage.

BND requires first lien position on real estate, equipment and other security as may be appropriate.

Benefits of Cash - Out Refinances include possibly lower rates and simpler terms since the cash out is provided on the loan in the first lien position on the home, and a second mortgage is not applicable.

1Restrictions apply to first lien positions on Home Equity Loans.

Not exact matches

You are the senior debt holder (first position on lien).

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Usually, the first - position lien must be completely satisfied before the second - position lien holder can receive any remaining collateral.

The first UCC - 1 filer holds a first - position lien, the second filer has a second - position lien, and so forth.

In other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the property.

In the event of a short sale or foreclosure, the first position lien gets paid off first, and then the subordinate (second / third / fourth / etc) position one.

Rate adjusted quarterly based on Prime Rate + / - a margin and based on first mortgage lien position.

APR shown is for first - lien position loans up to 90 % Loan - To - Value (LTV) on single - family owner - occupied properties in PA, NJ, MD, and DE.

They are also referred to as second mortgages, because they are used once you actually own the house, and also because the HEL will occupy a second - lien position behind the first mortgage.

The lender who pays the pax in exchange for the lien would be in a senior position on the btitle (senior to the first mortgage) and would enter into an agreement with the property owner to pay back the loan, at interest of up to 18 %.

Realtors have raised concerns about these loans because they often take a first - lien position, creating problems for backers of the primary mortgage when there's a default.

Lien position is relevant because in a foreclosure proceeding, the legal entities would determine which mortgage lenders are paid first based on lien position on tiLien position is relevant because in a foreclosure proceeding, the legal entities would determine which mortgage lenders are paid first based on lien position on tilien position on title.

«Second mortgages are in second lien position, meaning they get paid after the first mortgage.

If any liens are placed on the home, this fee ensures the FHA loan will remain in first position on title.

If Countrywide is in a second position, ask that the first lien holder to get their attorney involved, this will speed up the process.

The home equity line of credit must be in first or second lien position.

First of all, the attorney's lien dispute could be raised in the probate proceeding (unlike the situation where a separate action is necessary in a civil litigation context) because of the lower court's unique position to approve a settlement entered into by a guardian or a conservator (the situation here).

NAR noted that most PACE loans are in the primary lien position, which means that in the event of a default, these loans get repaid first, even before the mortgage.

So, for a house that is worth ~ $ 50,000, I now hold a first - lien position on that house, and he is paying off the $ 10,000 I «lent» him over the course of 5 years.

However, the guidance also notes that PACE loans will retain a first - lien position for delinquent PACE obligations or foreclosed properties.

I have represented many whose second lien positions evaporated because they couldn't cure the first, and foreclosure sales are often not for FMV.

This reversal of HUD policy is a victory for the National Association of REALTORS ® whose members sounded concern that PACE liens would take a first - lien position over FHA in instances of default or foreclosure, undermining the government's collateral position and disrupting the secured lending process.

The Rule applies to any closed - end consumer loan secured by a dwelling that is subject to TILA, regardless of owner occupancy (e.g., first and second homes) or lien position, including closed - end reverse mortgages.

When that happens, Bill will pay off his note to Sam and Sam will pay off his note to Big Bank, and the new loan will take a new first position lien on the property.

You see, since the financing for the HERO program is a tax lien and it is paid with your property taxes, it takes first position over other liens against the property (i.e. mortgage lenders).