Sentences with phrase «mortgage encumbrances»

For the Court of Appeal, an agreement for the sale of land includes an implied term the purchaser is entitled to receive title free from mortgage encumbrances.

Not exact matches

«I don't know what the French term would be for a bond or an encumbrance, but the person who accepts forgiveness now believes that there is no mortgage, no encumbrance on him.

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.

Encumbrance A mortgage, claim, lien, right, liability or any other interest in some property that may blemish a title.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of dimortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of diMortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of diMortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of diMortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Liens can be property taxes, mortgage loans, and judgments, while encumbrances may be road maintenance agreements, right - of - way and utility easements.

Here's an example of what's available if you have a $ 50,000 mortgage, no other encumbrances on the property, and you want a CIBC Home Power Mortgage to borrow up to 80 % on a home appraised at $ mortgage, no other encumbrances on the property, and you want a CIBC Home Power Mortgage to borrow up to 80 % on a home appraised at $ Mortgage to borrow up to 80 % on a home appraised at $ 200,000:

A form of encumbrance which usually makes specific property security for the payment of a debt or discharge of an obligation, e.g., mortgages, judgments, taxes, deed of trust, etc..

Encumbrance — Anything that affects or limits the fee simple title to a property, such as mortgages, zoning ordinances, claims, liens, a pending legal action, leases, easement rights, unpaid taxes or restrictions.

Till then, the home is under encumbrance from the lender who financed your Canadian mortgage.

In response, the Appellant commences legal action requesting a declaration the option is void for uncertainty (it does not indicate whether the Respondent is to assume the mortgages or receive the property free and clear of encumbrances).

Are there mortgages or encumbrances?

Having decided as a matter of contract interpretation that the Luso mortgages are unambiguously excepted from coverage under Schedule B, we need not opine whether the motion judge was correct in concluding that Private Lending is also barred from recovery by an «Exclusions from Coverage» provision, which excludes from coverage loss or damage arising by reason of encumbrances, adverse claims, or other matters «created, suffered, assumed or agreed to by the insured claimant.»

Sample # 2: Notwithstanding anything else contained within this Policy, in the event that the proceeds of the Insured Mortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured MMortgage are paid to any person or entity other than: i) to the registered title holder or holders, as the case may be; ii) holder (s) of prior registered encumbrances (s); iii) an execution or judgment creditor (s); iv) to a non-registered covenantor that is a spouse, child or parent of the registered title holder or holders; v) to credit card companies for credit cards in the name of the registered title holder or holders or in the name of non-registered covenantor (s) that are the spouse, child or parent of the registered title holder or holders; then the Company can deny coverage and shall have no liability to the Insured for any matters that involve the allegation of mortgage / title fraud, including challenges to the validity and enforceability of the Insured Mmortgage / title fraud, including challenges to the validity and enforceability of the Insured MortgageMortgage.

Encumbrance: A liability that lowers the value of a piece of property, such as a lien or a mortgage.

The husband's father argued that his son had acknowledged the debt, thereby extending the limitation period, and that the mortgage was a valid encumbrance.

«encumbrance» means a claim that secures the payment of money or the performance of any other obligation and includes a charge under the Land Titles Act, a mortgage and a lien; («sûreté réelle»)

He lived in a house that he owned without a mortgage or other encumbrance.

The most common problems were: inadequate investigation of title; failing to identify and deal with all the mortgages and other encumbrances affecting the property, failing to undertake appropriate searches and inquiries or failing to advise on the results; and failing to advise co-purchaser clients on co-ownership options.

Decreasing term life insurance can be used to pay off the mortgage if the homeowner should die before the property is free of all encumbrances.

The mortgage is an encumbrance.

The mortgage agreement indicated that if the purchaser did not obtain zoning approval, the vendor would have an option to repurchase the property for $ 1.2 million free of liens and encumbrances, except for the $ 800,000 vendor take - back mortgage.

Should a property not be sold at «Upset Sale» (usually because it has a big mortgage or it is a mobile home or because it is vacant land), then the property is to be exposed for sale in the next «Judicial Sale»; the «Judicial Sale» is the only sale where all encumbrances are wiped out, and payment of the taxes gives you the property free of all other encumbrances of record.

The title company will research the history of the property, looking for encumbrances such as mortgages, claims, liens, easement rights, zoning ordinances, pending legal action, unpaid taxes and restrictive covenants.

Encumbrance - A restriction which is either a monetary claim against the land (such as a lien, mortgage or lease), or a non-monetary one (such as an easement).

The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, CoreLogic ® to Integrate Centralized Showing Service with Matrix ™ Page 2 hazard risk and related performance information.

First Mortgage — A mortgage which is in first lien position, taking priority over al other liens (which are financial encumbMortgage — A mortgage which is in first lien position, taking priority over al other liens (which are financial encumbmortgage which is in first lien position, taking priority over al other liens (which are financial encumbrances).

Free and clear means there are no encumbrances secured to the property such as a lien or mortgage.

Encumbrance Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

A form of encumbrance which usually makes specific property security for the payment of a debt or discharge of an obligation, e.g., mortgages, judgments, taxes, deed of trust, etc..

What we offer you is what you get (of course minus any mortgage payoff or other encumbrances on the property).

A mortgage loan is a loan secured by real property through the use of a document which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan.

The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information.

Because the Parcel Register * reveals, as of the date of the search, who the legal homeowners are, the legal description of the property, the property identification number of the property, type of ownership, percentage of ownership, dates, registration numbers and amounts of registered encumbrances like liens, charges (mortgages), transfers and more...

Our primary title searches, ownership and encumbrances (mortgages, liens, etc) come back in about 2 days, along with any conditions required to insure title (signatures of missed heirs on previous transactions, liens to be cured, etc) which has included searches of all public records.

If your title search shows a mortgage or other encumbrance taken out at the time of purchase or later, it will need to be satisfied prior to you getting a warranty deed from that owner unless you also see a satisfaction of said encumbrance.

The main challenge that is presented on reverse mortgage transactions are old liens or encumbrances that have been paid - in - full but were never released of record in the county records.