Sentences with phrase «first liens on»

The loans you invest in are secured by first liens on real estate properties.

Additional collateral requirements: First lien on accounts receivable and inventory.

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

This notion is further supported by the inherent risk premium for stocks over bonds because stockholders are behind bondholders in the first lien on a company's resources in bankruptcy.

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.

The first mortgage, of whatever kind, is just that — it's the first lien on your property, and the first in line if you default on your loans.

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 Typical 504 project includes: 1) a loan extended by a commercial bank with a first lien on the asset financed; 2) a second lien loan secured from a CDC with a 100 percent SBA - guaranteed debenture for up to 40 percent of the total cost; and 3) an equity investment of at least 10 percent from the borrower.

Title Insurance We require an acceptable ALTA Loan Policy (or equivalent in Texas, Florida and California) issued by an approved national title insurer, insuring the Loan as a valid first lien on the security (unless another priority is specified in the loan commitment) without exception other than taxes not yet due and payable and such other exceptions as we approve.

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.

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.

I also like to see the borrower have skin in the game and want to be first lien on the property.

When you lend based on ARV, you can still have a first lien on the property.

(vi) The amount of any loan secured by a first lien on the property that will be paid off as part of the real estate closing, labeled «Payoff of Second Mortgage Loan»;

Not exact matches

Your first step as a prospective borrower should be to verify that any liens on your record are accurate.

Sure some people make money on tax liens, but it's the small minority and not an investment suited for someone who doesn't first have tens of thousands of dollars invested.

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).

But equity loan rates generally are one to two percentage points higher than rates on cash - out refinances because loans are a second lien — rather than a first — against your home.

Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.

Lenders may also place liens on the borrower's assets, meaning that the borrower can not sell the assets without paying the lender first.

James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development company focused on a variety of customized financing solutions including first lien, unitranche, and subordinated debt as well as equity for lower middle market companies — in 2010.

Our revolving credit facilities provide our lenders with first - priority liens against substantially all of our assets, including our intellectual property, and contain financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition.

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

First, RadioShack was party to a $ 585 million 2013 asset - based credit facility secured by a first priority lien on current assets, and a second priority lien on certain non-current assets (2013 credit agreemFirst, RadioShack was party to a $ 585 million 2013 asset - based credit facility secured by a first priority lien on current assets, and a second priority lien on certain non-current assets (2013 credit agreemfirst priority lien on current assets, and a second priority lien on certain non-current assets (2013 credit agreement).

M360 Advisors («M360») is a U.S. - based investment management company that manages diversified portfolios of senior debt investments secured by first - priority liens on income - producing commercial real estate throughout the United States.

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

Piggyback mortgages are second - lien mortgages used to «piggyback» off the first - lien mortgage on a home purchase.

Robert Troiano, former senior policy adviser for the Town of North Hempstead, first revealed his income tax liens to the town in 2017, despite years of unpaid taxes while on the town payroll.

Not seen any accidents, Drives great, Non-smoker owner, Arctic cold a / c, Never driven on Snow, No pets, Vehicle Runs Well, Upgraded stereo, Regularly maintained, Lots of storage, Must test drive, Done all Scheduled Maintenance, Title in possession, Primarily highway miles, Great first ride - All vehicles are guaranteed Clean title and free of any liens.

Has remaining factory warranty, Drives great, Family friendly, Single owner, Spotless interior, Great first ride, Arctic cold a / c, Non-smoker owner, Vehicle Runs Well, Smooth ride, Always parked indoors, New tires, All records in possession, Regularly maintained, Lots of storage, No pets, Never driven on Snow, Seats as good as new, Must test drive, Done all Scheduled Maintenance, Available Satellite Radio, Title in possession, Mint Condition - All vehicles are guaranteed Clean title and free of any liens.

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

The existing first lien may include the interest charged by the servicing lender when the payoff is not received on the first day of the month as is typically assessed on FHA mortgages, late charges or escrow shortages, but may not include delinquent interest.

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

After all, new liens on the property or other issues may have come into the picture since the first time this search was conducted.

If a lien is placed on your property it can't be sold without paying back the IRS first and it is automatically recorded on your credit report.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

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

If you qualify, all mortgages except the first would no longer be secured by your home, and you would never make payments on those liens ever again.

A second mortgage is a mortgage lien on your home in addition to your primary mortgage lien (i.e. your first mortgage).

Additional collateral requirements: First or second lien on the subject property.

In general, interest rates on a second mortgage will several percentage points higher than for a comparable - sized first mortgage; and second liens can be fixed - rate or adjustable - rate mortgages (ARM).

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.

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.

The first step in this new process is to delete any incorrect tax lien information that already exists on consumer reports.

To put it another way, you qualify for lien stripping in chapter 13 bankruptcy if an appraisal shows you owe more on your first mortgage than your home is worth.