Sentences with phrase «lien subordination»

I understand the lien process, but it isn't clear as what the difference between signing the affidavit and obtaining an explicit lien subordination is.

A Federal tax lien subordination keeps the tax lien in place but permits another creditor to move ahead of the IRS in priority.

A tax lien subordination can also apply to assets besides your home, including business property.

Not exact matches

For more information, refer to IRS Publication 784 (Certificate of Subordination of Federal Tax Lien).

A subordination agreement will be required for any judgment that is also a lien against the borrower and / or the subject property.

Refinance with a Subordination Request If a lien can not be nullified, you can still try to partner with a refinance lender and with the lien holder to pay off the old debt using home equity.

If you have a home equity loan or line of credit, your home equity lender would also have to agree to eliminate its lien against your property or reduce the home equity loan amount and sign a subordination agreement.

Typically when you apply with lenders, many will try and talk you into refinancing the 2nd loan at the same time you redo the 1st lien, otherwise you will have to get the second mortgage company to agree to complete a subordination agreement.

I'm recently divorced and in the process of closing on a house, and was given the option by the title company of either having my ex sign a Subordination of Child Support Lien or executing a Money Mortgage Deed of Trust Affidavit (which apparently would automatically subordinate the Child Support Lien by Nebraska state law).

Also, each tenant must subordinate its lease to the lien of our mortgage by executing an acceptable Subordination, Attornment and Non-Disturbance Agreement («SNDA»).

Prepares files for closings, including clearance of judgments and prior owner liens, ordered payoffs and subordinations

Researched Lien statuses on specific properties to find a Release or acquire a Subordination for those Liens

Skills: Customer Service, Accounting, Communication, Writing, Partnering, Tax Law with emphasis on Bankruptcy Law (Chapter, 7,11, 13 and 15), Notice of Federal Tax Lien Law (Certificate of Non Attachments, Subordination's, Subrogations and Discharges).

A subordination provision changes the priority: The tenant agrees that the lien of its lease will be subordinate to the lien of a mortgage.