Sentences with phrase «junior liens on properties»
With today's real estate market still struggling to recover, this means that many people are able to remove junior liens on properties refinanced or purchased since 2004.
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In today's declining real estate market, this ruling pretty much allows junior lien removal on most properties bought or refinanced since 2004.
«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.
There is an IRS lien on the property that is junior to the mortgage.