Sentences with phrase «lien against your real estate»
Under New York law, a judgment creditor may then garnish 10 % of gross wages, put a lien against real estate (but not actually sell the real estate, if it is the debtor's residence, in most cases) and seize bank accounts if the balance is over $ 1,740.00.
https://www.scribnerbankruptcyblog.com/ Not exact matches
A lien allows the creditor who has obtained a judgment against a debtor to have a judgment attached to the debtor's assets, such as real estate.
A person is collection - proof if they have no assets against which a creditor may levy, no real estate to which a judgment lien may attach, and no non-exempt wages to garnish.
Title Insurance: Title insurance protects a real estate owner or lender against any loss or damage they might experience because of liens, encumbrances, or defects in the title to the property, or the incorrectness of the related search.
Tax lien: The IRS or a local taxing authority may file a claim against a defaulting tax debtor's property or assets for overdue or delinquent federal income or real estate taxes.
Such are cases commenced by attachment against the property of debtors, or instituted to partition real estate, foreclose a mortgage, or enforce a lien.
Failure to do so can result in license and / or registration suspension, garnished wages, or, in some states, liens can be made against your real estate or personal property.
Enter a civil judgement against you, allowing for a lien to be placed against any real estate you own
The sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property is known as a short sale.
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.
Title Insurance Title insurance protects a real estate owner or lender against any loss or damage they might experience because of liens, encumbrances, or defects in the title to the property, or the incorrectness of the related search.
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.
the interest or value that the owner has in real estate over and above the liens against it.
A policy of title insurance usually insuring an owner of real estate against loss occasioned by defects in, liens against or unmarketability of the owner's title.
It's not uncommon for a real estate investor to snap up a new listing using funds obtained from a blanket loan and the liens are filed against a single family rental, a duplex and a strip mall.
Title Holding Trusts or Land Trusts protect real estate investors and property owners, especially through the ability to negotiate, acquire, hold, manage and sell real or personal property in a confidential and private manner, as well as liens, judgments and clouds against legal title to the property.
Examples of disclosures pursuant to § 1026.38 (k)(2)(viii) include the satisfaction of outstanding liens imposed due to Federal, State, or local income taxes, real estate property tax liens, judgments against the seller reduced to a lien upon the property, or any other obligations the seller wishes the closing agent to pay from their proceeds at the real estate closing.