Sentences with phrase «in junior liens»

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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.

A Bureau credit instrument can be junior (i.e., subordinate) to the project's other debt obligations in the priority of its lien on the project's cash flow.

In many cases the bank will set one mortgage payment but in actuality there are two liens; one a senior for the bulk of the sale price and one a junior for the down payment and closinIn many cases the bank will set one mortgage payment but in actuality there are two liens; one a senior for the bulk of the sale price and one a junior for the down payment and closinin actuality there are two liens; one a senior for the bulk of the sale price and one a junior for the down payment and closing.

In today's declining real estate market, this ruling pretty much allows junior lien removal on most properties bought or refinanced since 2004.

In some cases, multiple lenders might work out an arrangement that leaves more collateral for junior lien holders.

In the cram down scenario, there is no requirement that there be a junior lien before your primary loan can be chopped, however, loans made within 910 days of filing are not eligible for cram down.

A deed in lieu of foreclosure does not protect your credit, nor will it cut off the rights of junior lien holders.

In other words, the lender would take the property back subject to the junior lien holders.

One of the key issues at play is what happens to junior lien - holders (JP Morgan Chase alone has over $ 130 billion worth of secondary loans in its portfolio) in the event of modifications.

Junior position notes are not advisable unless you keep a large cash reserve in your IRA account to cover possibility of advancing funds to a senior lien.

In many cases, debtors can completely eliminate junior liens either in a Chapter 13 or Chapter 11 BankruptcIn many cases, debtors can completely eliminate junior liens either in a Chapter 13 or Chapter 11 Bankruptcin a Chapter 13 or Chapter 11 Bankruptcy!

If you have not been able to sell your property and have no lien junior to your lender's deed of trust, your lender may accept a deed - in - lieu of foreclosure in satisfaction of the amount of your loan.

Relatively few banks are participating in programs to write down junior liens.

In finance terms it is a «junior lien» that sits behind the 1st loan on title.

Chapter 13 is the only chapter that provides this; in order to «strip» a junior lien, the chapter 13 debtor must prove that the junior lien is completely unsecured - that is, that the value of the home is less than the balance of the existing first mortgage.

That incentive payment could be applied towards settling junior liens - so, if a junior lien - holder was playing hardball, holding out for more money in order to release a lien, the seller might be forced to use their incentive money for that purpose, and never actually see any of the cash.

Plus, there is a little known provision in chapter 13 that could potentially remove any junior liens that are on your house (e.g., second mortgage, etc.).

Even junior liens with no equity (or low equity) can still be viable investments because the borrower usually has a vested interest in the property, and traditional equity may not always be the sole factor when it comes to remaining in the home.

The property might have several junior liens that the listing agent never took the time to learn about, creating a snag later in the process and raising a question in the lender's mind about the preparation of the agent.

Junior position notes are not advisable unless you keep a large cash reserve in your IRA account to cover possibility of advancing funds to a senior lien.

Notice Borrower and Junior Lien holders by mail and publish Notice of default in Local Newspapers

Section 32 of RESPA kicks in on certain owner - occupied loans where the APR is more than 8 % above the rate on comparable treasuries for first liens, and 10 % above the rate on comparable treasuries for junior liens, when compared to treasury rates for the 15th of the month, in the month prior to when app was taken.