Sentences with word «lienholder»

Based on vehicle equity and the ability to repay the loan, LoanMart allows users full - use and funding, while they take over as lienholder on the vehicle title as a form of collateral, but only over the course of the repayment period.

A: No, you must have a free and clear title with no other lienholders on the title.

With the involvement of lienholder, the possibility of foreclosure exists if the borrower violates the terms of the mortgage such as by not paying property taxes or neglecting the property.

Most lienholders require physical damage coverage if you are financing or leasing your vehicle.

For lienholders who wish to file liens electronically and exchange lien information with DMV electronically.

Previously, subordinate lienholders who released their liens were only eligible to receive a small recovery payment when the home owned by the H4H borrower was sold.

With auto title loans from LoanMart, customers allow us to be added as lienholders until the loan is paid off.

NOTE: One reason a junior lienholder in California may refuse to cooperate is if the loan was a hard - money loan, secured to residence of 1 to 4 units.

1864684 Alberta Ltd v 1693737 Alberta Inc, 2016 ABQB 371 (Decision affecting the rights of (commercial) condominium purchasers versus lienholders in a receivership)

A new title binder will also need to be completed on the property to determine any existing mortgage and any other lienholder that may have filed on the home since the last mortgage was recorded.

This measure was too complicated and required delicate negotiations among the existing lienholders, the new H4H lender, and the borrower.

In your example, the holder of the $ 100K lien could, following the foreclosure sale, pay the first lienholder $ 400K and become owner of the property, wiping out...

The additional lienholder enable us to have a legal right to your vehicle even though the title still bears your name.

I can't see the mortgage lender being too happy to have a second lienholder on the house for a total of 100 % of the purchase price.

Raising the loan - to - value ratio reduces the gap between the existing loan balances and the new H4H loan and decrease losses to the existing primary lienholders.

If you don't have it because there is previous or current lienholder, we can try to work with them to get it back.

A Chapter 13 bankruptcy entails structuring a payment plan that includes not only payments to secured creditors like your mortgage company and vehicle lienholder but also the allocation of a portion of each plan payment to pay down unsecured obligations.

The Illinois Supreme Court held that the statutory language in Section 10 of the act is unambiguous and does not permit the deduction of attorney fees and costs prior to calculating the amount to be paid to any health - care lienholder.

Before you spend the entirety of your personal injury settlement, you should check with an experienced personal injury lawyer to make sure that any private lienholders no longer have a right to claim a portion of your settlement proceeds.

In general, California law allows lienholders to repossess vehicles where the borrower is in breach of the contract terms, without requirement for a court judgment.

I've paid off my auto loan, but the former lienholder still shows on the claim I just reported.

Command investigations and appropriate action involving arbitration and lienholder interest cases.

This was evident in that the 2nd and 3rd lienholders were only a phone call away, often preventing «molehills from becoming mountains.»

However, lienholders chose to skirt the new protections afforded by Act 48 by implementing policies whereby all new foreclosures were processed judicially.

Your discussion of Lienholder's Financial...

Lenders only serve as lienholders of the vehicle title until the loan amount has been fully repaid.

H4H will offer subordinate lienholders an immediate payment in exchange for releasing their liens, to permit more borrowers access to the program.

Up to $ 6,000 to cover junior lienholders (second mortgages).

Nothing was explained to my son about when his first payment will be due, if he will be receiving a payment book in the mail etc., I had to actually ask who the lienholder was.

You will have to talk to the lienholder to see if you just need to determine the amount of payoff and do something else.

After you have signed your car title loan contract, LoanMart will sign onto your vehicle title as the lienholder.

We will use your vehicle's title to add a lienholder.

The difference — called a «deficiency» — becomes an unsecured debt you still owe, and the lienholder may sue you for collection.

Given the amount of time that would pass between the creation of the H4H and the ultimate sale of the home, as well as the tremendous market uncertainties, subordinate lienholders were not guaranteed any return at all.

We will also sign onto your vehicle title as a lienholder at this time, but this is only for the duration of your loan period.

To address this problem, the subordinate lienholders may now receive an immediate payment at the time the H4H loan is originated.

Second, the lienholder will most likely sell your car at auction.

Note that the UCC - 1 does not create a lien — that occurs when the borrower signs the loan agreement — but rather serves as a public record and reserves the lienholder's place in line should multiple lenders sue for the same collateral.

After you have paid off your title loan, you can get your title back and LoanMart will no longer be listed as a lienholder.

A lienholder is a legal owner of an item used as collateral.

When you sign your loan agreement, LoanMart will also sign onto your vehicle title as a lienholder for safe keeping.

LoanMart would then be the lienholder on the automobile and our name will appear on your title.

When the loan was paid off, the lienholder removed themselves from the title.

Adding LoanMart as a lienholder at that time will speed up the application process for the loan.

At this time, LoanMart will also sign onto your vehicle title as a lienholder, but this is so you can keep your car and drive it every day like normal during your loan period.

If you are approved for a loan, LoanMart will hold the title to your car and be signed on as the lienholder until the loan is paid in full.

When you sign your contract, LoanMart will also sign onto your vehicle title as the lienholder and hold onto it for safe keeping.

A short sale is accomplished when an offer is placed on your property that the lienholder (lender) agrees to accept, but is an amount less than the amount owed on the loan.