Are there
any judgment liens against the borrower's property?
Borrower can not be delinquent on any tax or non-tax debts and there can be
no judgment liens against the borrower's property for a debt owed to the Federal Government.
Are there
any judgment liens against the borrower's property?
If you have
a judgment lien against your home or are concerned about the possibility of a future lien, it is important to take action now to protect your rights.
Not exact matches
Like the other major credit bureaus, FICO will also factor any
judgments,
liens or other derogatory marks
against your business into its score.
Experian's report will let your creditor know whether you have filed for bankruptcy, had any
judgments against you, or had tax
liens filed
against you.
You can also see
judgments,
liens, collections and bankruptcies filed
against you over the last 7 years.
The New York Times published a story May 6 that said Howe's private life included chaotic and slipshod financial dealings, including a 2003 bankruptcy and nearly $ 400,000 in federal tax
liens and other
judgments against him.
¶ Within the past five (5) years, has the Business Entity or any Affiliates had any
liens, claims or
judgments over $ 15,000 filed
against the Business Entity which remain undischarged or were unsatisfied for more than 120 days?
The filed
Judgment is a
LIEN against any / all real property owned by the DEBTOR and located in Erie County, for a period of 10 years from date of entry of
judgment in the original court.
They often seek a
judgment to place a
lien against personal property such as your home, or wages.
The
judgment can be used to garnish your wages or to place
liens against your property in an effort to collect the debt.
The
judgment means the lender can then take additional steps
against you, including wage garnishment, freezing your bank accounts, and putting
liens on any property you own.
Also, be sure to check for any
judgments or
liens that are
against you as well as general errors like being mistaken for another individual.
They can also cover prepaid taxes and insurance; debts that have to be paid at closing; and
liens or
judgments against the borrower.
When you pay off the
judgment amount, the creditor will release the
lien it holds
against your home — freeing up the property for sale.
A
lien allows the creditor who has obtained a
judgment against a debtor to have a
judgment attached to the debtor's assets, such as real estate.
Under New York law, a
judgment creditor may then garnish 10 % of gross wages, put a
lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.
With a
judgment against you in hand, whether it is the original creditor or a collection agency, they can potentially garnish your wages, place
liens on your property, or take other legal steps to obtain the money you own to them.
Others argue it's important for lenders to know if consumers have had a
lien on their taxes or a civil
judgment against them, because their risk of defaulting on a new loan is much higher.
They can get a
judgment against you and garnish your wages, take your money in your bank account or put a
lien on your property.
However, a motor vehicle title lender may seek a personal money
judgment against you if you impair the motor vehicle title lender's security interest by (i) intentionally damaging or destroying your motor vehicle; (ii) intentionally hiding your motor vehicle; (iii) giving the motor vehicle title lender a
lien on a motor vehicle that has an undisclosed prior
lien; (iv) selling your motor vehicle without the motor vehicle title lender's written consent; or (v) securing another loan or obligation with a security interest in your motor vehicle without the motor vehicle title lender's written consent.
A subordination agreement will be required for any
judgment that is also a
lien against the borrower and / or the subject property.
Experian's report will let your creditor know whether you have filed for bankruptcy, had any
judgments against you, or had tax
liens filed
against you.
This could include how long your business has been in existence, whether there are any
liens or
judgments against your business, the industry your in, and if you have any current small business loans.
According to Credit Sesame's data, users with a bankruptcy on their credit report actually have slightly higher credit scores, on average, than users with negative marks like tax
liens or legal
judgments against them.
A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a «cloud» on it (such as mortgage claims, tax
liens, title claims,
judgments, or mechanic's
liens against it) the grantee may hold the grantor liable.
In addition, public records are also listed on your credit report, i.e. bankruptcies,
liens, foreclosures, repos, and / or legal
judgments against you (including child support or tax cases).
A person is collection - proof if they have no assets
against which a creditor may levy, no real estate to which a
judgment lien may attach, and no non-exempt wages to garnish.
Copies of all
judgments and lawsuits and
liens pending
against you.
If the credit card company or debt collection agency wins the lawsuit and obtains a
judgment against you, they can place a
lien on your home.
This could include
judgments against in civil actions, state or federal tax
liens and bankruptcies.
They comb through public records to find out whether there are court
judgments against you, whether you have tax
liens against your house, or have filed for bankruptcy.
«You can take the
judgment and try to collect, or register a
lien against your neighbour's house or car if they refuse to pay,» says Berenbaum.
A credit report is made up of a number of different aspects including payment history, available credit lines and a section for legal
judgments or
liens placed
against you.
i have a
judgment filed
against me and I am getting ready to file bankrupcy; can the creditors put a
lien on my car and take it even if i file chapter 7?
For example, if you've lost investment property to foreclosure and a deficiency
judgment has been entered
against you, a subsequent
lien on your primary residence may remain even after the bankruptcy.
Successfully represented a design and engineering firm in a trial
against the project owner and construction lender concerning the validity and priority of its mechanic's
lien over encumbrance of mortgager; obtained
judgment for full amount and first priority of the
lien, plus a substantial award interest and attorney's fees.
A
judgment lien is a court ordered claim
against real property, usually after a creditor has sued and obtained a
judgment in the case.
The net effect: plaintiff could not impress a
lien against the Property in efforts to enforce its guaranty
judgments against the Shareholders.
Medical providers, attorneys, the IRS, unpaid child support, unpaid bills, attorneys, rental car companies, and anyone that has a
judgment against you are also
lien holders!
If you are at fault in the accident and your insurance doesn't cover the full amount of the damages, the other driver may sue you in court and a
judgment against you could mean a
lien on your house.
Since some state laws protect cash value and death benefits of insurance policies from claims by creditors, permanent policy holders can use the benefits from a permanent policy without risk of a
judgment or a
lien against the policy.
Judgments Other people or agencies that you owe money to can also put a
lien, called a
judgment,
against your property — these can't be removed until the obligation is paid off.
The court awarded the broker a
judgment for her share of the commission, which, once recorded, would constitute a
lien against the property.
A key follow - up question is, «What is the current mortgage balance and are there any other
liens against the home, such as a second mortgage or home equity loan,
judgment liens, and mechanics»
liens?»
Paramount Title can conduct a title search to uncover the truth behind the listing, including all
liens and
judgments against the property, allowing you to make an informed decision.
The land trust also shields the property
against other
liens and
judgments that could be levied
against the owner during his / her time of financial duress.
They are going to have a «deficiency
judgment»
against them if it does not sell for the amount of the
lien.
Title Holding Trusts or Land Trusts protect real estate investors and property owners, especially through the ability to negotiate, acquire, hold, manage and sell real or personal property in a confidential and private manner, as well as
liens,
judgments and clouds
against legal title to the property.