Sentences with phrase «lien holder of»

An auto title loan is a loan that is secured with your drivable motor vehicle, in which your lender becomes the lien holder of the title.

If the borrower defaults on the 1st loan, the lien holder of the 1st will be able to foreclose on the property and wipe out the 2nd lien holder's interest in the property.

Not exact matches

A joint venture of the holders of Bon - Ton's 8.0 percent second lien secured notes due 2021, Great American Group LLC and Tiger Capital Group LLC will...

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

If there's any money remaining after the first lien holder gets paid, then the holder of the second lien gets paid.

Shares of Energy XXI Ltd (NASDAQ: EXXI) plummeted more than 75 percent early Thursday morning after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes...

«Over 80 percent of all mortgage holders now have available equity to tap via first - lien cash - out refinance or home equity line of credit,» Black Knight reported.

A common secured product in the US is a 2nd lien holder to a home (the first being the mortgage), called a HELOC (Home Equity Line Of Credit).

Existing lien holders must agree to accept the proceeds of the H4H refinance as full payment, and to release their liens.

Documentation Required: Bill Of Sale, Insurance Binder (full coverage listing Haverhill Bank as lien holder).

Loan servicers can receive $ 1,500 for administrative expenses, and lenders can get as much as $ 2,000 for allowing up to $ 6,000 of short sale proceeds to be distributed to subordinate lien holders (if they exist).

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

For any asset that is pledged as collateral — such as a car being financed — include the name and address of the lien holder, the lien amount, payment frequency, and amount.

You can pretty much guess that a lot of lenders will not be thrilled with this notion, especially holders of second liens who are likely to lose much or all of their investment.

The bonds are mortgage - backed so if CSI reneges on its commitments, the property will be sold with bondholders getting a cut of the proceeds after all other lien - holders (like the bank and city) are paid off.

(This is when lawyers would step in, take a portion of the proceeds equal to the outstanding debt, and remit that to the lien - holder.)

Second and all subsequent lien holders must also approve a short sale, so even though it can still happen, it's a lot of extra work with more opportunities for a last - minute fall - through.

A deed in lieu of foreclosure does not protect your credit, nor will it cut off the rights of junior lien holders.

The buyer's agent and myself were going to pay it out of our commission but the 1st lien holder refuses to allow it on the HUD.

The holder of the second mortgage must agree to «subordinate» its lien to that of the new first mortgage lender.

In my case, the MI company of the 2nd lien holder want a seller contribution yet the seller is flat broke.

There are tax advantages to the lender that far outweigh the offer of $ 5000 that they received from the 1st lien holder.

One of the key issues at play is what happens to junior lien - holders (JP Morgan Chase alone has over $ 130 billion worth of secondary loans in its portfolio) in the event of modifications.

Auto title loans are low - risk, short - term loans based around the equity of a vehicle (in this case, your Chevy Silverado 2500) and your ability to repay the loan where LoanMart takes over as the title's sole lien holder.

Of course there are times that it will be impossible to make the deal work but in many cases the skill of the negotiator can find a middle ground with the 2nd lien holdeOf course there are times that it will be impossible to make the deal work but in many cases the skill of the negotiator can find a middle ground with the 2nd lien holdeof the negotiator can find a middle ground with the 2nd lien holder.

After a period of time the 1st lien holder orders an appraisal to verify market value and after doing their due diligence determines that $ 290,000 is well within the acceptable limits of market value.

While I have yet to have this happen (knock on wood) I know of other Realtors who seemingly have had a situation where a 2nd lien holder has chosen to foreclose instead of granting short sale approval.

The purchaser is still the owner, the loaning company is just a lien holder, meaning they have a right to get paid from the value of the car.

In the case of a vehicle with a lien, there is a specific place on the title to have a lien holder listed, and the holder of the lien will also hold the title until the lien is cleared.

A judgment attachment is most often a secondary lien that allows the creditor to receive money from the sell of the asset after primary lien holders have been paid and before the owner realizes any equity.

Either way, the maximum amount owed is $ 500,000 and the Lien Holder can not come after the estate for the difference between the accrued balance and the current value of the property.

That means they don't have to contend with the hassle of completing all of the lien - holder paperwork.

The reverse mortgage lien holder simply has a secured interest in your home as would be the case with a traditional mortgage or home equity line of credit.

If you simply want to refinance the first mortgage, your total housing debt shouldn't exceed 80 % of your home's market value, or else the holders of the second lien may refuse to resubordinate (agree to stand behind the first - mortgage holder for repayment if you default).

The rate featured is based on a loan - to - value ratio up to 80 % for loans of $ 50,000 and above, a maximum loan to value of up to 80 %, terms between 121 - 180 months, and ESL listed as the first lien holder on the property.

An auto title loan utilizes your F - 250's title, where LoanMart becomes the sole lien holder for the duration of your payment period.

Auto title loans are going to be based on the equity of your Escalade, with LoanMart taking over the vehicle's title as lien holder for the duration of your payment period.

If borrowers have gone through a modification where the payment wasn't brought current by the existing lien holder they can be eligible for this program if (1) the modification was made under the terms of the Making Home Affordable Modification Program (HAMP), the loan may close the month following the date the modification was permanent or (2) the modification was a non-HAMP modification, the borrower must have made three monthly payments on time and the modified mortgage must be current for the month due

As with the example above, mortgage lenders, mortgage insurance companies, second lien holders, and in the case of short sales, the new buyers have to agree to the terms of the loss mitigation program.

A lender (such as LoanMart) will become the sole lien holder for the duration of your loan's payment period, as your vehicle now becomes a form of collateral, just in case something should happen where your payments begin to become tardy.

An auto title loan is based on the equity of your Chrysler 300 and your ability to repay the loan, where LoanMart will take over the title to the vehicle as the lien holder for the duration of your payment period; we do this so that you may have free reign of your car, unlike other lenders that want to impound your car!

Based on the equity of your Nissan Frontier and your ability to repay the loan, an auto title loan with LoanMart places LoanMart as the sole lien holder on the title of your vehicle.

Warning: The amount waived by the lien holder will be reflected as a chatge - off on the consumers credit and the consumer will receive a 1099 Form for the full amount of the reduction figure, that must be filed with that years taxes.

LoanMart's auto title loans are based on the equity of your Toyota 4Runner and your ability to repay the loan, where LoanMart will take over your title as lien holder for the duration of your loan payment period.

When the home is sold or foreclosure upon (in the case of a default), the first mortgage lien holder is paid first and the second mortgage lien holder is paid later.

(Note, too, that the approval of junior lien holders may be required to restructure home loans.)

Auto title loans are loans based around the equity of your Ford F - 150, where LoanMart will take over your free - and - clear title as the lien holder; taking over as lien holder is your collateral in this loan process, which means you keep your keys and keep driving for the duration!

A car title loan is based on the equity of your vehicle, where LoanMart takes over as the lien holder for the duration of your payment period.

When a property is on the market for an extended period of time, the lien - holder will often lower the net payoff.

LoanMart's name is placed on the title as lien holder for only the duration of your loan payment period.