Sentences with phrase «lien holder orders»
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.
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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.
Not exact matches
That incentive payment could be applied towards settling junior liens - so, if a junior lien - holder was playing hardball, holding out for more money in order to release a lien, the seller might be forced to use their incentive money for that purpose, and never actually see any of the cash.
The 2nd lien holder will be able to foreclose on the property if they make loan payments to the 1st lien holder on behalf of the borrower in order to keep the 1st loan current.
All the lien holders must agree to accept less than the amount owed on the debt in order for a short sale to go through.
Responsible for many aspects of loan closings including clearing titles, ordering titles, tracking down lien holders.
-- Freddie Mac and Fannie Mae will offer up to $ 6,000 to second lien holders in order to quicken the pace of a short sale.
During the negotiation process the 2nd lien holder is offered $ 5000 in order to approve the short sale and allow the sale to take place.