Sentences with phrase «liens against the property in»

The judgment can be used to garnish your wages or to place liens against your property in an effort to collect the debt.

You can never rely on a seller to know for sure whether there are liens against the property in a short sale.

The net effect: plaintiff could not impress a lien against the Property in efforts to enforce its guaranty judgments against the Shareholders.

Not exact matches

Filed By the IRS, a lien against property owned by Pete Rose, who owes $ 973,693.28 in back taxes from 1997 to 2002.

The filed Judgment is a LIEN against any / all real property owned by the DEBTOR and located in Erie County, for a period of 10 years from date of entry of judgment in the original court.

They are part of the bankruptcy or consumer proposal and are included in your creditor list, as long as the CRA hasn't placed a lien against your property making it a secured debt.

ninety LTV Refinance Analyzed top rated list of Refinance Loan companies from Evaluations If you wish to determine how much lendable collateral you have in your house based on a loan to worth all you have to get it done take your property value, multiply this by the personal loan to worth (the percentage you need to borrow) then subtract any kind of mortgages owing against the property and also residence tax or some other liens / encumbrances.

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.

In other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the propertIn other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the propertin all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the propertin a second lien position against the property.

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.

Equity is the amount of monetary ownership a homeowner has in their property and is determined by subtracting the balance of any liens against the property from the home's market value.

The down payment is in the form of a gift that you are not required to pay back and there will not be second liens or deed restrictions against your property.

If you can not pay the debt, then the creditor can collect the debt by garnishing your wages, filing a lien against your home, filing a lien against your investment property, or seizing the funds in your bank account with a bank levy.

Once the reverse mortgage loan has been approved, the funds are disbursed to the borrower according to the payment options they've selected (in a lump sum, as monthly payments, or through a line of credit) and a new lien is placed against the property.

With a judgment against you in hand, whether it is the original creditor or a collection agency, they can potentially garnish your wages, place liens on your property, or take other legal steps to obtain the money you own to them.

They can get a judgment against you and garnish your wages, take your money in your bank account or put a lien on your property.

All you need is one «unreasonable» creditor to sue you, get a wage attachment, or put a lien against your house and you will be forced, in most cases, to file bankruptcy to protect your property.

But today, one in four California homeowners is upside down (where the liens against a property exceed the value of the property).

A deed which conveys not only all the grantor's interests in and title to the property to the grantee, but also warrants that if the title is defective or has a «cloud» on it (such as mortgage claims, tax liens, title claims, judgments, or mechanic's liens against it) the grantee may hold the grantor liable.

the home or automobile does not have equity (a liquidation value in excess of the amount owed to creditors with liens against the property) in excess of what you are allowed to exempt.

Title Insurance: Title insurance protects a real estate owner or lender against any loss or damage they might experience because of liens, encumbrances, or defects in the title to the property, or the incorrectness of the related search.

The lender will place a lien against the property that you present as collateral until the loan is paid in full.

As you might well imagine, the secured version of the bad credit personal loan is the least expensive in terms of interest because the lender feels more secure that you will repay your loan when he has a lien against your property.

«Some property owners in Argentina are inhibited from selling because of liens against their homes.

Collection actions can be taken against either party and can include legal action resulting in wage garnishment or liens against property for both the primary borrower and the co-signer.

You would also subtract any other liens against the property, but in this example the mortgage is the only debt:

In many states, a lawyer can assert an attorney's lien against a client's property that was the subject of the lawyer's representation, which can be an effective way to ensure collection of a lawyer's fee.

Representative Trial Experience: • Rosa Construction, Inc. v. Capstone Builders, Inc. et al. v. Sterling Savings Bank, Montana Eighteenth Judicial District Court (2013): Five day jury trial resulting in the permanent discharge of Capstone's improper construction lien against Rosa's real property, affirming the priority of Sterling Savings Bank's mortgage on Rosa's real property, and awarding $ 1,425,000 in compensatory damages against Capstone for recording an improper lien on Rosa's real property and interfering with the Bank's mortgage interest.

In a warranty deed, seller represents that he owns the property and has the right to sell the property to the buyer and that no liens or claims are against the property except those that are expressed on the face of the deed.

It is intended to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters.

Title insurance is a form of indemnity insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens.

So, instead of placing a lien on the property, one makes a claim against the public works bond in a very similar manner.

In Chapter 13, debts that are secured by collateral or that involve liens against property typically have to be paid in full through your payment plaIn Chapter 13, debts that are secured by collateral or that involve liens against property typically have to be paid in full through your payment plain full through your payment plan.

Our firm also has successfully represented owners in defense of wrongful and inflated lien claims asserted against their property.

A judgment lien is a court ordered claim against real property, usually after a creditor has sued and obtained a judgment in the case.

(3) If the lien created by the Director under subsection (1) relates to real property, the Director may register the lien against the property of the person liable to pay the fine in the proper land registry office and on registration, the obligation under the lien becomes a charge on the property.

In a judicial proceeding to sell tax - delinquent realty, the Commissioner of Accounts can not enter a decree of confirmation of sale until the value of liens against the property being sold are determined.

So, instead of placing a lien on the property, one makes a claim against the public works bond in a very...

Failure to do so can result in license and / or registration suspension, garnished wages, or, in some states, liens can be made against your real estate or personal property.

A lien is a form of security interest placed against an item of property in order to secure the payment of a debt or other obligation from the owner of the property.

If you fall behind in your payments, the state's child support enforcement office may begin collection activity against you, using such tactics as wage garnishment, seizure of income tax refunds, property liens and suspension of driver's, professional and occupational licenses.

The sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property is known as a short sale.

The attorneys insist that under Nevada law NRS 16.3116, in foreclosure situations, the assessments and costs that can be levied against delinquent properties «are limited to nine months immediately preceding institution of an action to enforce the lien unless federal regulations adopted by Fannie Mae or Freddie Mac require a shorter period of priority for the lien in which case the nine month period is reduced to a six month period.»

I have bought liens against island properties, RV lots in the Ocala Forest, etc etc. which were struck off to the county.

When payment in full is tendered within such 30 day period, it shall extinguish any lien by operation of law which the public or private water supplier may have against such property.

However, hidden hazards may lurk under the surface of a transaction in the form of an outstanding lien, pending legal action against the property, possible tax issues and more, all of which could place a severe financial burden on the new owners.

It is meant to protect an owner's or lender's financial interest in real property against loss due to title defects, liens or other matters.

Title Insurance Title insurance protects a real estate owner or lender against any loss or damage they might experience because of liens, encumbrances, or defects in the title to the property, or the incorrectness of the related search.

Lien — a claim against a property by the issuing bank or lender to secure repayment of a debt, typically in the form or a mortgage.

In a «fee simple» arrangement, you own the land and home outright and the community association has a lien against the property.