Sentences with phrase «lien against one's home»

If you have an existing mortgage — or any other liens against your home — these must be paid off using the funds from your Reverse Mortgage.

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.

However, the law explicitly prohibits the IRS from filing liens against homes to collect health - insurance penalties.

«Some property owners in Argentina are inhibited from selling because of liens against their homes.

FHA insures mortgage lenders against losses associated with its loan programs: failing to pay taxing authorities can result in liens against your home.

Even if all your valuable assets are your car and your home, and the court would not normally require you to sell them in order to satisfy judgement against you, there will be placed a judgement lien against your home, which may wait till you eventually sell your home.

Once 78 % of the loan amount is reached, your lender must automatically cancel PMI, as long as you have a good payment record and no other liens against the home.

So, for example, if your credit card debts exceeded the value of the rest of your assets, the credit card issuer wouldn't be able to put a lien against your home.

In particular, if you own a home with a value of greater than 20 percent equity, the bank will take a lien against your home as security for the business loan, whereas if you don't own a home and meet all other loan criteria, the bank will likely approve your loan unsecured.

The lender will place a lien against your home or automobile until you have repaid them in full for the amount of money that they extend to you.

Short term loans, therefore, are pretty easy to obtain in the months following bankruptcy; you can make your application look even better by pledging collateral in the form of a lien against your home or vehicle, or by applying with a cosigner backing you up and agreeing to pay if you do not.

Yes, however, all your existing lenders must agree to release the liens against your home.

So, for example, if your credit card debts exceeded the value of the rest of your assets, the credit card issuer wouldn't be able to put a lien against your home.

When the CRA registers a lien against a home they're «securing an interest» in an asset.

Once the property transfers to the new buyer, the released lien will not longer appear on the property title.If you have a previous court judgment against you, but your creditor has yet to file a lien against your home, you can sell your home with a clear title.

By placing collateral against the value of a bad credit loan, you are giving the lender permission to place a lien against your home or other valuable property.

If you can not pay the debt, then the creditor can collect the debt by garnishing your wages, filing a lien against your home, filing a lien against your investment property, or seizing the funds in your bank account with a bank levy.

If you don't pay these taxes, your county could put a lien against the home.

Are you saving money by taking out another lien against your home?

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.

Your ex's back taxes, unpaid child support, or defaulted consumer loans can all come back to haunt you in the form of a lien against your home equity.

Refinance Easy: Divorce with a Quit Claim Deed If a lien against your home was filed to cover your ex-spouse's debt after your divorce was finalized, the right paperwork can clear the record.

A subordinate lien is any type of mortgage loan, home equity loan, line of credit, or other lien against your home that will continue after refinancing is completed.

For homeowners, this is usually given in the form of a lien against your home.

Home equity loans, also known as second mortgages or second deeds of trust, are loans secured by a lien against your home, in addition to your first mortgage.

This insurance policy protects your lender in case the title insurance company made a mistake in its title search and you later discover that there are liens against your home.

Following the deduction of the upfront fees and the payoff of the existing mortgage (a Reverse Mortgage borrower must always pay off any existing mortgages and other liens against the home), the borrower in our Reverse Mortgage example is left with the following amounts available in the form of lump sum cash or line of credit.

It's important to understand the CC&R's for your potential HOA because failure to comply could ultimately result in the HOA placing a lien against your home, which as discussed previously, could affect your ability to sell the home in the future.

However, it is not true that the IRS can file a lien against your home for failing to pay the penalty.

A false Facebook post is making the rounds claiming that if you don't pay the penalty for not buying health insurance, the IRS can file a lien against your home.

From Speaking of Real Estate: A false Facebook post is making the rounds claiming that if you don't pay the penalty under the Affordable Care Act for not buying health insurance, the IRS can file a lien against your home.

Things like a cloud on the title or a lien against your home can make selling the property harder than it has to be, so ideally you will work these issues out before you try to sell.

Upfront cash may be needed to pay off any liens against the home.

(MCT)-- QUESTION: I recently learned that a company mistakenly filed a lien against our home.