Sentences with phrase «from junior lien»

This leaves them facing exclusion from future home ownership for many years, deficientcy judgments from junior lien holders and higher costs to borrow money for 2 - 3 times longer then a short sale would have impacted them.

Not exact matches

While proceeds from a Caesars Interactive online games unit sale will help the bankruptcy estate, junior creditors may still object to the distribution of the funds because more money will end up in the hands of first lien banks and lenders.

The SBA describes the program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA - guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.

«Lien stripping» (elimination of mortgages) means that upon successful completion of your Chapter 13 the mortgage company will have to remove the junior mortgage (s) from your property and the arrears on the mortgage (s) don not have to be paid back.

«Lien stripping» (elimination of mortgages) means that upon successful completion of your Chapter 13, the mortgage company will have to remove the junior mortgage (s) from your property and the arrears on the mortgage (s) do not have to be paid back.

Also, current HAFA guidelines state that first lien holders will also provide $ 8500 from sale proceeds to junior lien.

My understanding is that any excess proceeds from the sale go to the borrower (after settling any junior liens).