Sentences with phrase «lien on one's home»

The company would put lien on your home and it's going to be difficult to sell your home at a later date, slow down the escrow.
It is necessary to be able to show that there are no other liens on the home, such as a home equity loan or a contractor's lien.
Even if there is a second lien on your home, you could qualify for a refinance.
A requirement of the loan is that any existing mortgage is paid off first so that the reverse mortgage is the only lien on the home.
If you have an unsecured debt (such as a credit card) that went unpaid and a creditor received a judgment, that creditor could put a judgment lien on your home.
All existing liens on the home are repaid and the reverse mortgage lien is placed on the property.
You might have to prove that you don't have any other liens on the home (for example, a home equity loan or home equity line of credit).
Regardless of the name, the loan is characterized by a second lien on your home.
A requirement of the loan is that any existing mortgage is paid off first so that the reverse mortgage is the only lien on the home.
And now, many who have defaulted or fallen behind on long - ago federal student loans are discovering that the government has placed liens on their homes.
A second mortgage is a mortgage lien on your home in addition to your primary mortgage lien (i.e. your first mortgage).
A second mortgage is a mortgage lien on your home in addition to your primary mortgage lien (i.e. your first mortgage).
Finally, you can not have an IRS lien on your home.
If you continue to be delinquent, the government could put a tax lien on your home or foreclose on it and sell it to generate cash to pay your bill.
The federal government hires law firms to place liens on the homes and bank accounts of people in default and the result of that could be your home is foreclosed on.
In truth, states can already recover some Medicaid benefits by putting liens on the homes of Medicaid enrollees after they (and their spouses) die.
The Home Equity Lone of Credit (HELOC) gives owners a second lien on their home to use as a revolving line of credit.
In many cases (especially with SBA loans), the lender may request a personal guarantee — it might well be a lien on your home.
Remember, most banks will require that you personally guarantee the loan, but if you have sufficient collateral within your business to cover the loan principal, they shouldn't require a lien on your home.
This includes your personal information, your employer's contact, evidence of income for the previous two years, proof of homeownership and insurance, a mortgage statement, and any evidence of existing debts and liens on your home.
Vietnam veteran John Ackert received notice from his homeowners association threatening to put a lien on his home if he...
But this year the IRS placed a lien on his home to recover $ 50,000 owed in back taxes, discrediting the Democratic co-chairman of the legislature's Finance, Revenue and Bonding Committee, which has jurisdiction over taxes.
Since a HECM reverse mortgage is a non-recourse loan and it is secured by placing a lien on your home, you are protected from having any of your other assets taken as repayment for the loan.
However, if there is a lien on your home, it has to be discharged first.
The bailiff may come knocking at your door — not to arrest you or put you in jail — but to seize your personal property, place a lien on your home, or garnish your wages.
In some instances, when creditors win a lawsuit, they have the right to garnish your wages or put a lien on your home.
Most folks who consolidate debt are required to pledge collateral, which usually takes the form of a lien on their home or other real or valuable property that they own.
If you are a homeowner, you can allow the lender to place a lien on your home to secure your bad credit loan; this type of loan is a bad credit secured loan.
The loan is secured by a lien on the home, but no assets other than the home may be used to repay the debt.
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.
You will need to sign a Promissory Note and have a Lien on your home until the Promissory Note is fully paid off.
This includes your personal information, your employer's contact, evidence of income for the previous two years, proof of homeownership and insurance, a mortgage statement, and any evidence of existing debts and liens on your home.
Once all liens on your home and any fees associated with your sale are paid off, any remaining proceeds after that will be yours to keep.
If you don't pay your property taxes for long enough, the county tax authorities can place a lien on your home, take possession and sell it to recoup the taxes owed.
If a borrower has a $ 100,000 principal limit and they have no loans / liens on their home, they can take up to 60 % or $ 60,000 of their proceeds at closing or any time in the first 12 months of the loan.
If the credit card company or debt collection agency wins the lawsuit and obtains a judgment against you, they can place a lien on your home.
Nationwide Mortgage Loans offers second mortgage loans that are secured by a lien on your home.
If CRA has already placed a lien on your home or other assets, you have three choices to remove the lien.
3Important Information for Texas Residents: Texas laws impose certain restrictions on loans and lines secured by a lien on your home.
And the maximum amount of your new home equity line of credit or loan, when combined with the dollar amount of all other liens on your home, may not exceed 80 % of the fair market value of your home on the date your home equity line or loan is made.
If a significant amount of money is owed to CRA for an extended period of time, CRA may put a lien on your home to secure their debt.
A refinance with cash out is an alternative to a home equity loan, also known as a «second mortgage,» because it's a lien on your home like your existing mortgage.
If the lender's lawsuit is successful, the lender may then be able to put a lien on your home and garnish your wages.
They threatened to place a lien on my home.
no A reverse mortgage is a kind of home equity loan where the loan is secured with a lien on your home.
Any lien on a home is paid when the home is sold.
They also want to confirm that there aren't any liens on the home and that the current owners have the right to sell the home.
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