Sentences with phrase «lien on the property»

It prevents them from any further contact to seize property, recovery money, or put liens on your property.

Any existing liens on a property in an estate will need to be settled.

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

The lender places a first lien on the property, but the homeowner retains title to the home and is liable for insurance, taxes, and property maintenance.

The last thing you want to have happen is to think you just bought a home for $ 400,000 but then find out there is $ 75,000 worth of liens on the property.

There can be no other liens on your property so what you get from the reverse mortgage is all the equity you will be able to access over the term of the loan.

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

But I only want to put tax lien on property that has 2 - 5 % rent - to - price ratio per month in case that I do win the property over.

We now have a second lien on the property which will still be in place next month when we finish paying off the first loan.

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

This calculation includes the balance of all mortgage liens on the property rather than the balance of a single loan.

I liked the cash out refinancing because it all gets paid back in one monthly payment rather than having a second lien on our property.

A reverse mortgage must be the first and primary lien on the property.

There are also 2 other liens on the property so they are under water too.

Also responsible for ensuring that no problems exist with the deed of trust and there aren't any prior liens on the property.

The total liens on her property = $ 120,000.

Client claims there are also multiple liens on the property, utilities, etc..

Because of the uniqueness of the transaction, you're more likely to discover additional liens on the property during closing.

Was talking about letting him put a 2nd lien on the property.

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.

After all, new liens on the property or other issues may have come into the picture since the first time this search was conducted.

All pre-existing liens on your property must be paid off by your reverse mortgage funds.

No more liens on the property but also no more warranties.

Applying the law to these facts, the court ruled that the Brokerage had a valid lien on the Property, as it had properly given notice and recorded its lien.

Finding out there is a huge lien on the property transferred to you upon the sale could lead to foreclosure.

But before that can happen, the lender needs to make sure there are no other previous liens on the property that would take priority over the lender's filing.

They should however in my opinion record a deed of trust on the property or some variation there of showing that they have a priority lien on the property.

Title insurance protects you and your lender for things that have happened in the past like liens on the property for unpaid taxes, mistakes in legal documents, etc..

All loans are secured by a first lien on the property.

In both cases, you can sue if you find out the agreement is violated like if you discover a tax lien on the property.

There are 2 mortgage liens on the property but they are both with the same bank.

The property's title report must reflect that there are no existing liens on the property.

Another key is the loan's position compared with other liens on the property.

The lender will have completed everything needed close the transaction with the probable exception of a certified appraisal and a title examination to show the existence of any prior liens on the property.

The benefit here is that the lender is usually obligated to clear any additional liens on the property, including back - taxes, so it's a much safer investment than an auction.

There are also 2 other liens on the property so they are under water too.

Liens Unpaid debts can lead some businesses to place liens on the property of the debtors, which may have to be paid before a home can be sold.

The federal government (IRS), as well as state and local governments, can file liens on property.

(Bankruptcy does not, however, automatically eliminate mortgages and other liens on your property without payment.)

Additionally, the court may place liens on property owned by the noncompliant parent, and in some situations, deny passport applications based on child support owed.

When that happens, Bill will pay off his note to Sam and Sam will pay off his note to Big Bank, and the new loan will take a new first position lien on the property.

The loan - to - value ratio (LTV) is calculated as the amount of all mortgage and equity liens on your property divided by the appraised value of the property, expressed as a percentage.

There is an IRS lien on the property that is junior to the mortgage.

The EPA put a $ 3.5 million lien on the property after it did its remediation.

With today's real estate market still struggling to recover, this means that many people are able to remove junior liens on properties refinanced or purchased since 2004.