Sentences with phrase «lien on a property for»

(2) You may still be obligated on the debt: when the lender agrees to a short sale, the lender is only agreeing to «release» their lien on the property for less than what they are owed.

Now after the bankruptcy has closed, the creditor is filing a lien on the property for its security on the debt.

Thereafter, the financial institution would hold a lien on the property for the outstanding balance which would become an encumbrance on the owner's estate.

The city places a lien on the property for the value of the solar panels so that even if you move the loan stays with the house, this eliminates part of the hurdle of long payback periods.

While many states allow commercial brokers to file a lien on the property for an unpaid commission, «lenders often won't release financing without good title,» so filing a lien — which clouds the title — may actually prevent an owner from receiving the funding needed to pay the commission, she explains.

The government can also have a lien on the property for unpaid taxes.

Then, the local municipality typically sends a contractor to mow and clean up and places a lien on the property for costs (plus a fee).

Re the liens, assuming the unpaid bills are in tenants» names, you might try sending a certified letter to the Atlanta Watershed's legal department reminding them that Georgia law prohibits them from putting a lien on the property for a bill owed by a tenant.

Most water and sewer providers are public entities that do lien on a property for unpaid bills.

Not exact matches

Under the current system, a home buyer typically pays thousands of dollars to hire someone to go to the county courthouse and search through documents for any outstanding liens on the property.

For a traditional mortgage, the lien on the property will be released once the mortgage is repaid.

They can garnish wages, levy fines, put liens on personal property, and even send you to jail for failing to pay the appropriate taxes.

Business assets on the line for large loans: Lending Club requires a UCC - 1 lien on loans over $ 100,000, which includes your business's liquid assets such as inventory, cash and accounts receivable, but not real estate or your personal property, according to the company.

The Mayor also proposed a plan for City Council to grant the city the power to sell Emergency Repair Program liens that exist on a property to a third party collector (see video above), who would then be in charge of collecting on the debt — saving taxpayer money from footing the bills for emergency repairs and possibly giving landlords more incentive to make repairs themselves.

«It is much better for property owners to address these issues before their properties are subjected to a lien sale, because the third parties who buy these liens add substantial interest charges and fees to unpaid debts and can ultimately foreclose on a property if its debt remains unpaid.»

A» secured» creditor has taken a mortgage or other lien on property as collateral for the loan.

A title loan, also known as a title pawn, is a type of secure loan where a lender puts a lien on a borrower's property, their car in this case, in exchange for an amount to be loaned.

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

For example, a requirement that an existing lien on the property must be cleared by a certain date.

You can also ask the seller if they will write up a mortgage on the property for you if the property has no liens, judgments or current mortgage on that particular piece of real estate.

There are no liens on the property to pay off, or set asides for repairs, taxes, or insurance.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

The sale of Conrad Black's Toronto mansion has been put on hold after the Canada Revenue Agency placed liens against the property for $ 15 - million in unpaid income taxes, according to documents obtained by The Globe and Mail.

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 deFor 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 defor paying that $ 60,000 CRA debt.

For instance, lenders view builders liens and property tax liens as an additional mortgage on the property.

A lien is any official claim or charge on a piece of property, known as collateral, for payment of a debt owed or for some agreed upon service.

A lien must be placed on the property for this type of loan.

(1) The following shall be exempt from the Credit Services Organization Act: (a) A person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act, 12 U.S.C. 1701 et seq.; (b) A bank or savings and loan association whose deposit or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or a subsidiary of such a bank or savings and loan association; (c) A credit union doing business in this state; (d) A nonprofit organization exempt from taxation under section 501 (c)(3) of the Internal Revenue Code; (e) A person licensed as a real estate broker or salesperson under the Nebraska Real Estate License Act acting within the course and scope of that license; (f) A person licensed to practice law in this state acting within the course and scope of the person's practice as an attorney; (g) A broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (h) A consumer reporting agency; (i) A person whose primary business is making loans secured by liens on real property; (j) A person, firm, corporation, or association licensed as a collection agency in this state or a person holding a solicitor's certificate in this state acting within the course and scope of that license or certificate; and (k) A person licensed to engage in the business of debt management pursuant to sections 69 - 1201 to 69 - 1217.

The interest payments include a lien for the balance of the refinance loan on the property.

Borrower can not be delinquent on any tax or non-tax debts and there can be no judgment liens against the borrower's property for a debt owed to the Federal Government.

A Lien puts a hold on real or personal property and allows the property to be held as collateral for debt payments or services which are owed to another lender.

For example, Tower Federal Credit Union will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

For example, we will have someone perform a title search to make sure the seller has a legal right to transfer ownership, and to see if there are liens or restrictions on the property.

For homeowners in some states, PACE loans offer what may be a more affordable alternative to conventional energy efficiency and home improvement loans, one that can be paid through a lien on their property taxes.

However, liens on a property may not be recorded for several days or months and thus can not be immediately verified.

The IRS can also claim your refund to put towards the debt, claim your social security for the same reason, and even put a lien on your property.

They Can Put A Lien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe tLien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may oProperty Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe tlien against your property for outstanding debt you may oproperty for outstanding debt you may owe them.

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.

APR shown is for first - lien position loans up to 90 % Loan - To - Value (LTV) on single - family owner - occupied properties in PA, NJ, MD, and DE.

A tax lien is a claim on your property for unpaid tax debts.

Tax liens may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.

Would it be possible for a collection agency to place a lien on my property without my knowledge?

The lender who pays the pax in exchange for the lien would be in a senior position on the btitle (senior to the first mortgage) and would enter into an agreement with the property owner to pay back the loan, at interest of up to 18 %.

(d) The premium for nonfiling insurance, insuring the lien of the creditor on any property which is collateral for the consumer credit transaction, may not exceed the cost of filing of a lien on the property and any document necessary to continue the lien and is nonrefundable.

If you have debt owing with CRA, it is very important to keep an eye out for the possibility they may put a lien on your property.

(5) Fees and charges prescribed by law which are or will be paid to public officials or agencies for recording or releasing a lien on property which secured the loan, provided, however, that a releasing fee may only be charged and collected at or after the time the lien is released.

The term «secured debt» applies when you give the lender a mortgage, deed of trust or lien on property as collateral for a loan.

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

Having a tax lien applied to your property is going to destroy your credit score, and the lien will remain on your score for as long as you owe back taxes, so the best way to deal with the lien and repair your credit is to repay the outstanding debt.