Sentences with phrase «lien against the property also»
Not exact matches
ninety LTV Refinance Analyzed top rated list of Refinance Loan companies from Evaluations If you wish to determine how much lendable collateral you have in your house based on a loan to worth all you have to get it done take your property value, multiply this by the personal loan to worth (the percentage you need to borrow) then subtract any kind of mortgages owing against the property and also residence tax or some other liens / encumbrances.
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A subordination agreement will be required for any judgment that is also a lien against the borrower and / or the subject property.
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.
If you have a home equity loan or line of credit, your home equity lender would also have to agree to eliminate its lien against your property or reduce the home equity loan amount and sign a subordination agreement.
You would also subtract any other liens against the property, but in this example the mortgage is the only debt:
Our firm also has successfully represented owners in defense of wrongful and inflated lien claims asserted against their property.
The state can also seize the noncustodial parent's assets or establish liens against his property.
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 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.
Title Report: When a lender issues a loan it also records a lien against the property, securing the note.
Further, if the lender misses or otherwise does not sue another lien holder, that lien will also still be against the property.