Sentences with phrase «of lien»

It makes good financial sense to refinance a mortgage, especially if it means the house will be free of liens in a shorter amount of time.

If there were no mortgage or other type of lien on the house, the homeowner would have $ 100,000 in equity.

In essence, living benefits act as a type of lien against the life insurance policy.

Moreover, it is unreasonable to expect that a single owner can pay the full amount of the lien in a large condominium complex.

Things like the number of lien holders, liens against the property and private mortgage insurance can all be factors in whether a short sale will take extra time.

The withdrawal removes the notice of the lien and allows consumers to take it off their credit reports.

For homeowners, this is usually given in the form of a lien against your home.

These government offices can let you know whether your lender has filed a release of lien after you pay off your home loan.

Some of our clients in the construction or services industry are all to familiar with the impact of liens in commercial real estate matters.

Principal — the balance of the liens on a property, not including interest.

Other healthcare providers may file these types of liens as well.

Upon the death of the insured, the death benefit will be reduced by the value of the lien against the policy and any unpaid loan and loan interest.

There is a charge to order official copies of lien records.

So, a repayment plan is no guarantee that you'll qualify for a business loan, but is a good way to minimize the impact of a lien.

Is it such an overwhelming and common problem to eliminate almost all judgments and half of the liens from credit reports?

Your lender should send you a copy of the lien release document within 30 days of loan payoff.

While the results of lien negotiations vary from case to case, we have an excellent history of obtaining significant lien reductions for our clients.

There is no limit on the number of liens we will handle.

The purpose of the lien is to prevent the property from being sold before the estate tax is paid.

Our only remedy for the money owed was enforcement of the lien through foreclosure.

Your creditors will be notified of the lien, and your credit rating may be harmed.

This type of lien gives the lender the right to sell the property in order to satisfy the outstanding loan balance.

Are you familiar with the rules in IL about the correct way to notify the parcel owner of the lien on their property and the time frame in which you have to notify them?

This applies regardless of the lien dates under local law.

Due to those increased standards, the credit bureaus have removed half of the liens and 96 percent of civil judgments.

In many cases, we are able to obtain a reduction or write - off of liens enabling our clients to realize the full benefit of their settlement.

By now you should have a good understanding of lien priority.

A quit claim normally is a one sided transfer made by an homeowner who wants out of a lien.

The homeowners responded by posting a lien transfer bond and recording a notice of contest of lien.

The seller may not be aware of the liens and their responsibilities, or may choose not to disclose this information up front.

The buyers of the liens will have the right to collect the debts.

Several types of liens exist and can include money owed for work done to improve property.

However, Chapter 7 bankruptcy does permit the discharge of loan debt though not the cancellation of lien.

For tax liens it starts on the date of payment of the lien.

The title company must verify the status of any liens prior to closing.

The insurer may not be deprived of its lien.

Further clarifying the acceptable division of lien work would also be helpful.

In other words, if you do not own a car outright, you usually must carry collision and comprehensive according to the wishes and demands of the lien holder.

You will have had to notify the owner within the first 6 months of the lien via registered letter, so there are a few more dollars of costs to reduce your return.

You really have to land more than a handful of liens to cover those costs - even at 18 %.

Will the property be free of all liens at close of escrow?

When refinancing, your Hard Money lender will need to know of any liens on the property.

This property is selling free and clean of all liens and back taxes, if any.

The last thing you want to have happen is to think you just bought a home for $ 400,000 but then find out there is $ 75,000 worth of liens on the property.

Now I was hoping for a foreclosure of this lien, in which case I'd potentially earn times more than the silly interest rate.

The penalties can be as severe as requiring you to pay back twice the original amount of the lien.

Here's why: if you own a car free and clear of all liens, it may be an asset that can not be fully protected in bankruptcy.

Once the loan is paid in full, you own the equipment free of any lien.

In this case, the notice of lien was invalid.