Sentences with phrase «makes first lien»

California Hard Money Direct makes first lien mortgage loans and second lien mortgage loans in California Only.

Not exact matches

Sure some people make money on tax liens, but it's the small minority and not an investment suited for someone who doesn't first have tens of thousands of dollars invested.

Of Wells Fargo's conventional first - lien mortgages (unadjusted for income, location, loan size, and lender type), high cost loans made up 45.8 % of the loans to African - Americans, 22.6 % of the loans to Latinos, and 12.4 %

Sheldon Ashkin, first deputy finance commissioner for the city, said Robinson makes an annual habit of paying his property taxes late, but before the city starts the process of filing delinquent tax liens.

«Over half of the nation's tappable equity is held by borrowers with first - lien interest rates below 4.0 percent, making HELOCs an attractive option.»

* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

If you qualify, all mortgages except the first would no longer be secured by your home, and you would never make payments on those liens ever again.

At the time, the equity owner of the building called me, and made me a lowball estimate to pay off the loan, a few months before it would spring to first lien status.

Here is what should be accomplished in a short sale: Borrower is released from all liens on property in the sale, some payoff may have to be made to first of second lien holder.

But the loans are considered problematic because they typically are put in a first - lien position, which can make them incompatible with mortgage loans.

But it's still problematic because you still need to make a contractual monthly payment on the first lien regardless of the balance or activity on the HELOC.

That said I was able to make $ 35K on my first tax lien that was only about $ 1,800.

That's because if the buyer defaults on the first lien, you would be responsible for making up all back payments on both mortgages, plus all future payments until the primary mortgage holder forecloses.

Second lien mortgage notes are riskier than first liens so they're sold for much less, however, buyers must make sure their investment is covered by the property's equity in case they need to resort to a short sale or foreclosure.

You need to do a lot of research on those to make sure you will be getting them free and clear, most will be encumbered by a first lien or they will be priced too high to purchase for 6k cash.