Sentences with phrase «lien holders agreeing»
You can't sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.
http://www.carlosandteam.com/ Not exact matches
Existing subordinate lien holders, in particular, are highly unlikely to agree to release liens at a complete loss.»
Existing lien holders must agree to accept the proceeds of the H4H refinance as full payment, and to release their liens.
There can be many lien holders that must agree to basically give up their interest in the property.
The holder of the second mortgage must agree to «subordinate» its lien to that of the new first mortgage lender.
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).
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.
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.
The lien holder (s) must agree to accept less for the property than is owed on the property.
A court filing signed by Colorado Customware attorney Michael Pankow states that Colorado Customware «believes the other lien holders have consented by agreeing or acquiescing in the sale».