Sentences with phrase «first liens so»

Second lien mortgage notes are riskier than first liens so they're sold for much less, however, buyers must make sure their investment is covered by the property's equity in case they need to resort to a short sale or foreclosure.

Not exact matches

HOPE LIEN: I worked as a birth and post portem doula and a lactation counselor myself and so a few years ago when we decided to just start the adoption process I knew from doing some breastfeeding training myself that I would possible turn this lactation but I didn't really know I guess the details of that first and what I meant.

HOPE LIEN: Well surprisingly at my very first pumping session I did get some drops of kind of like sticky milk, I did not produce colostrum when you induce lactation but it was like a thicker kind of milk almost like honey or something like that and I was really surprised by that because I read from some other people it takes some a little bit longer and so I was really impressed that I had any milk...

Funds from the reverse mortgage are used to pay off the liens first, so there needs to be at least enough equity to cover this amount.

In doing so, the borrower can take cash out of their equity to use for other purposes while preserving their first lien.

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

Appraiser — gives an estimate of the value of the property so that the first lien lender does not lend too much.

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.

In 2016, new first lien mortgages topped $ 2 trillion for the first time since the end of the housing crisis, but mortgage originations were still 25 percent lower than their pre-recession average.8 So far, 2017 has proved to be a lackluster year for mortgage originations.

IVE LOOKED EVERY WHERE i live in north america and ive redownloaded the stupid demo 3 times so thanks for lien sony and thanks for giving it to other contries first pricks

You may file a judgment lien so that the other driver can not sell property without first satisfying the judgment.

«The bank partners with you,» Castellanos explains, «but they need to be protected and confident that they have a valid first lien against the property, so they require this insurance.»

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.

You will have had to notify the owner within the first 6 months of the lien via registered letter, so there are a few more dollars of costs to reduce your return.

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

3) That the first position is so important that the Federal Housing Finance Agency prohibits Fannie Mae and Freddie Mac (conventional loans) and FHA from purchasing mortgages or notes with these types of liens on the property - either as refinances or purchases.

The First mortgage usually has priority over other mortgagees so once sold at public auction, all other liens are wiped out.