Sentences with phrase «lien holders on»

I attempted to conduct a very transparent transaction and copied seller, buyer, and both lien holders on most e-mails.

We may be required by state laws and policy language to include any mortgagees / lien holders on your settlement check (s).

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.

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.

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.

The practice is legal, and can be done through a person - to - person loan, in which the lender is named as a lien holder on the mortgage, or through a Mortgage Investment Corp, in which investors can pool their money to lend to those who either don't qualify for a traditional loan.

Not exact matches

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).

You are the senior debt holder (first position on lien).

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.

If a mortgagee / lien holder's name appears on your settlement check (s), they must sign off on the check before it can be cashed.

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.

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.

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.

You also need to provide employer information and income figures regarding your gross monthly income, data from your existing loan, such as the original loan amount, current interest rate, monthly payment and lien holder, plus information on the vehicle itself such as year, make, model and style (i.e. 2004 Honda Accord EX).

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

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!

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.

Generally, when qualifying for said loan and depending on the lender, a customer will have to relinquish the vehicle's title to the lender, as they will become the new lien holder.

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.

This is how title loans on cars work: based around the equity of your vehicle, and secured to your title, LoanMart becomes the lien holder as a means for you to obtain your loan money and to keep you behind the wheel for the duration of your loan payment.

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.

Here is what should be accomplished in a short sale: Borrower is released from all liens on property in the sale, some payoff may have to be made to first of second lien holder.

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.

Similar to a mortgage, if you are late on auto loan payments, the lien holder can repossess your car and, in some states, do so without going to court.

An auto title loan is based on the equity of your Chevy Avalanche and your ability to repay the loan with LoanMart becoming the lien holder for the duration of a person's payment period.

The lien holder (s) must agree to accept less for the property than is owed on the property.

Lien holders recognized that fees were incurred to recover on their behalf.

The reason for this is simple — if you are still making payments on your vehicle, the lien holder wants to be sure that they receive as much money as possible in the event that you wreck the car.

Generally speaking, there is only one basic requirement for purchasing a PLPD insurance policy: you must own your vehicle outright and not have a lien holder, such as a bank or a car loan lender, on the title.

These clauses will protect the lien holder's interest on the vehicle.

Thus it is very important not to have any lapses in coverage, especially while you are working on paying off a car, because the policies typically chosen by these lien holders are very typically a lot more expensive than the prevailing market rates.

If you have a loan on your motorcycle, the lien holder may require you to carry comprehensive coverage.

Not only are these types of motorcycles more costly to replace, but typically the owner has a loan on the bike and the lien holder requires more extensive coverage than a motorcycle that is paid off.

Getting automobile insurance rate quotes on leased or financed vehicles makes sense, for example, since lien holders typically require these modes of coverage while you are working to pay off any outstanding financial obligations.

Lien holders typically require those who buy or lease cars from them to sign written statements pledging that they will maintain these areas of coverage as long as they still owe money on the vehicle.

One big reason for this is that some vehicles are leased or financed, and lien holders generally require these types of car insurance protection on their vehicles until the liens are satisfied.

When insuring your car, the lien holder is also included on your policy.

Lien holder will compel this type of coverage, and will apply forced coverage at great expense to the driver that only includes comprehensive and collision if the driver does not get coverage on her own [1].

For instance, while availing vehicle loan or when the vehicle is leased, the lien holder may insists on auto collision insurance as part of the lease agreement.

She cited two examples in which the contractual rights of first - lien holders have been trampled on in the aftermath of the mortgage meltdown: in the federal government's mortgage modification program, the Home Affordable Refinance Program, which she says modifies troubled mortgages on the backs of the first - lien holders, and in the national mortgage settlement, structured by state attorneys general in the aftermath of widespread foreclosure irregularities by the big banks.

Although this may be rare, the longer the REO property is listed on the market, the more likely the bank or lien holder will be willing to make a concession for the buyer.

• HAFA will no longer impose a 6 % cap on payments to each subordinate mortgage / lien holder.

Determine If It's Truly a Hardship Situation — Whether the borrower or seller has missed payments or not, having a valid financial hardship is a requirement for lien holders to accept less than what is owed on a property.

Property redemption rights for holders of tax liens permits the property title to transfer at little or no cost if the homeowner defaults on tax payments.

When I told the 2nd lien holder that the contribution would not be on the HUD but would be disclosed in an Addendum, the negotiator's response was, «I need to check with our closing department to see if this is OK.»

In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.