Sentences with phrase «lien against a property when»

For most buyers, you will find out about a lien against a property when your lawyer performs a title search.

ALTA Insurance («lender's policy») is a guarantee your lender requires to ensure there are no other liens against the property when your mortgage is recorded.

The seller may reasonably request a vendor's lien be included in the deed, but may not, because the seller will have a lien against the property when the deed of trust is recorded (see below).

Not exact matches

When you pay off the judgment amount, the creditor will release the lien it holds against your home — freeing up the property for sale.

As you might well imagine, the secured version of the bad credit personal loan is the least expensive in terms of interest because the lender feels more secure that you will repay your loan when he has a lien against your property.

About 2 years later when I went to sell that property, I discovered he had a $ 50k IRS tax lien against...

A short sale is when the net proceeds from selling the property fall short of the debts secured by liens against the property.

When payment in full is tendered within such 30 day period, it shall extinguish any lien by operation of law which the public or private water supplier may have against such property.

Title Search - This is the time when any liens against the property are discovered.

Title Report: When a lender issues a loan it also records a lien against the property, securing the note.

- Do your own inspection so you know what needs to be repaired - When you have it under contract, do a title search so you know if there are any liens against the property and how much they're for - You can check with the building inspection or permit department to ensure that any required permits have been pulled for any work that appears to have been done - Check market rents in the area if you plan to hold as a rental, and call the utility companies to get past utility bill information