Sentences with phrase «lien on a home owner»

Not exact matches

For instance, if the owner owes $ 60,000 in income tax, and the Canada Revenue Agency was successful in putting a lien on the home, then the purchase of the property will mean you are now responsible for paying that $ 60,000 CRA debt.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

When a current home owner falls behind on paying their property taxes, the state or county in which the home is located often places a lien on the property until the past due taxes are paid.

A loan to purchase a home is usually the first mortgage lien recorded on a property; subsequent loans depend on the amount of owners» equity in the home and generally require a new appraisal.

My Home Owners Association gave notice they were enforcing the 2 pet limit (I have 3 of my own dogs) and I had until the end of May to get the rescue girls out or liens would be placed on my house.

Shawn has extensive experience advising insurers on construction losses and subrogation claims as well as builders and home owners on construction lien claims and building deficiency claims brought before the Courts and at arbitration hearings.

on Florida Short Sales: Home Owners Selling in Short Sales Need to Be Aware of the Tax Lien Investor: Who Holds The Liens on Your Florida Property?

Under Florida law, for whatever reason, a Florida Home Owner Association is able to place a lien on a home if the owner fails to pay a fine that has been -LSB-Home Owner Association is able to place a lien on a home if the owner fails to pay a fine that has been -LSBOwner Association is able to place a lien on a home if the owner fails to pay a fine that has been -LSB-home if the owner fails to pay a fine that has been -LSBowner fails to pay a fine that has been -LSB-...]

-- including a lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its due - on - sale clause due to any of the following prevalent circumstances: (1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the spouse or children of the borrower would become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

For example, if the last owners of the home weren't paying their property taxes, the IRS might put a lien on the home.

For example, If the home owner has equity they may fight to delay foreclosure on a first lien.