Sentences with phrase «lien against a homeowner»
A HOA can file a lien against a homeowner who violates the terms of the HOA covenants.
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The ease at which lenders have offered to finance all or most of the purchase price, second mortgages that place a lien against the homeowner's equity, a depreciating real estate market, and long term financing with minimal principle reduction have all contributed to this phenomena.
Not exact matches
Equity is the amount of monetary ownership a homeowner has in their property and is determined by subtracting the balance of any liens against the property from the home's market value.
In most cases, the lender is guaranteed repayment of your homeowner loan by placing a lien against your home; your lender knows that you do not wish to lose your home and that you will, thus, make your homeowner loan payments.
But today, one in four California homeowners is upside down (where the liens against a property exceed the value of the property).
For homeowners, this is usually given in the form of a lien against your home.
ADOH's Loan Servicing staff provide services to homeowners who may have a lien recorded against their homes by the Arizona Department of Housing, Arizona Housing Finance Authority, Arizona Department of Commerce or by the Arizona Home Foreclosure Prevention Funding Corporation.