Sentences with phrase «of lien gives»

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

UCC liens against specific collateral: This type of lien gives creditors an interest in one or more specific, identified assets rather than an interest in all the assets owned by a business.

Not exact matches

HOPE LIEN: We did stay in the hospital, it was a very small hospital but the staff there was extremely accommodating and they kind of were able to give us like our own little space and so we were kind of go back and forth between rooms and the baby would go back and forth between us and then yeah and we would also spend a lot of time with our birth mom and it was just it was a really memorable experience for sure.

The Mayor also proposed a plan for City Council to grant the city the power to sell Emergency Repair Program liens that exist on a property to a third party collector (see video above), who would then be in charge of collecting on the debt — saving taxpayer money from footing the bills for emergency repairs and possibly giving landlords more incentive to make repairs themselves.

1) The Piggy - Back (a.k.a.: Concurrent Lien, First and Second Combo) Borrowers purchasing a home, are able to use a «piggy - back» their first mortgage in with a second mortgage to give them additional flexibility in the formation of their repayment plan.

UCC blanket liens: This lien gives a creditor a security interest in all assets of the borrower.

Appraiser — gives an estimate of the value of the property so that the first lien lender does not lend too much.

Give the lawyer and agent information regarding the property, including mortgage papers, property taxes, notices from the lender, statement of claim and any liens.

By placing collateral against the value of a bad credit loan, you are giving the lender permission to place a lien against your home or other valuable property.

Once they have the appropriate license, lenders have the power to enter into a contract with a borrower, stating that they will give them a certain amount of money in exchange for putting a lien against their car.

When the borrower pays off the loan, the lender gives the borrower a satisfaction of mortgage that removes the lien from the property.

The Truth in Lending Act is a law that «gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes.»

Idaho is one of very few states where the lease may include a contract to give the landlord a lien on a tenant's property.

Fixed - rate reverse mortgages give borrowers a one - time, «lump - sum» payment at closing of all of their loan proceeds, after the payoff of any mortgages or liens on their property.

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

The term «secured debt» applies when you give the lender a mortgage, deed of trust or lien on property as collateral for a loan.

When a chapter 11 debtor needs operating capital, it may be able to obtain it from a lender by giving the lender a court - approved «superpriority» over other unsecured creditors or a lien on property of the estate.

That change and the next step of purging the remaining tax lien data are a result of settlement agreements between the bureaus and 31 state attorneys general, which said that as of July 1, 2017, public record data given to the credit bureaus had to contain name, address, and Social Security number and / or date of birth, and had to be refreshed at least every 90 days.

My Home Owners Association gave notice they were enforcing the 2 pet limit (I have 3 of my own dogs) and I had until the end of May to get the rescue girls out or liens would be placed on my house.

I'm recently divorced and in the process of closing on a house, and was given the option by the title company of either having my ex sign a Subordination of Child Support Lien or executing a Money Mortgage Deed of Trust Affidavit (which apparently would automatically subordinate the Child Support Lien by Nebraska state law).

We were able to negotiate down that lien to just under $ 20,000, thereby giving our client an additional $ 50,000 out of the settlement.

No subsequent notice of lien may be given for the same claim nor may that claim be asserted in any proceedings under the Illinois Business Brokers Act of 1995.

No notice of this lien was given, apparently, until after settlement and disbursement of funds.

Small encumbrance, such as a construction lien, recently registered and discharged from title (to give credibility to the fraudster's claim to be the legitimate owner of the corporation);

Failure to give notice allows payment by the owner to the contractor to extinguish the lien to the extent of payment.

Furthermore, a copy of the claim for lien must be given to the property owner within the same time period.

This is often raised in proceedings involving lien claims, if only to give the owner a little bit of negotiating leverage.

A lawyer can also give you advice on whether you should go ahead and sue on your own in Small Claims Court instead of making a claim for a lien.

Indeed, issuing Form 14 Notices (which, pursuant to s. 85 (4) of the Condominium Act, must be given at least 10 days before registering a certificate of lien) is a purely administrative task best handled by management, who can do the work more quickly and cheaper than lawyers.

Giving Form 14 Notices is distinctly different than registering liens on title to units and is no more law practice than banks issuing notices of mortgage defaults or insurers giving notices of premium non-paGiving Form 14 Notices is distinctly different than registering liens on title to units and is no more law practice than banks issuing notices of mortgage defaults or insurers giving notices of premium non-pagiving notices of premium non-payment.

Idaho is one of very few states where the lease may include a contract to give the landlord a lien on a tenant's property.

In making an equitable apportionment of marital property, the family court must give weight in such proportion as it finds appropriate to all of the following factors: (1) the duration of the marriage along with the ages of the parties at the time of the marriage and at the time of the divorce; (2) marital misconduct or fault of either or both parties, if the misconduct affects or has affected the economic circumstances of the parties or contributed to the breakup of the marriage; (3) the value of the marital property and the contribution of each spouse to the acquisition, preservation, depreciation, or appreciation in value of the marital property, including the contribution of the spouse as homemaker; (4) the income of each spouse, the earning potential of each spouse, and the opportunity for future acquisition of capital assets; (5) the health, both physical and emotional, of each spouse; (6) either spouse's need for additional training or education in order to achieve that spouse's income potential; (7) the non marital property of each spouse; (8) the existence or nonexistence of vested retirement benefits for each or either spouse; (9) whether separate maintenance or alimony has been awarded; (10) the desirability of awarding the family home as part of equitable distribution or the right to live therein for reasonable periods to the spouse having custody of any children; (11) the tax consequences to each or either party as a result of equitable apportionment; (12) the existence and extent of any prior support obligations; (13) liens and any other encumbrances upon the marital property and any other existing debts; (14) child custody arrangements and obligations at the time of the entry of the order; and (15) such other relevant factors as the trial court shall expressly enumerate in its order.

It's not much different from you paying part of the purchase price to the seller or giving money to the buyer for their down payment — but without the benefit of a lien or titled equity interest.

Sunlin says the bank's program gives troubled owners «a preapproved solicitation for a short sale» along with proactive processing of all the required steps: «appraisals, review of financials, investor approvals, mortgage insurer approvals, second - lien approvals — all of these can be done while the property is being marketed,» he says, «so when an offer is brought to the table we can do a much quicker turnaround.»

In order to get a discount on the purchase price of larger amounts of tax liens one must put in large sums of money in turn making it possible to assign tax liens to an investor for the same price the county would give it to you for.

Tax Lien Buyers Club will give you the advantage of looking at liens you have been provided with and you never have to purchase anything you don't want as with all things in life.

Second Mortgage A second mortgage is a lien in which you are given a lump sum amount which you pay off in installments over a specified period of time.

Title Insurance — An insurance policy, purchased by the Seller in most states, that warrants that the Seller has the authority to sell a given property and that the property is being transferred to the Buyer free of all liens and encumbrances.

However, the explosion of online auctions and wealth of due diligence information on the web has now given us the ability to invest in just about any state that sells tax liens.

At closing, Bill pays Sam a $ 21,000 down payment (10 %) and gives Sam a promissory note for the balance of the purchase price ($ 189,000), plus a deed of trust or wraparound mortgage securing Sam's lien against the property.

Current law gives delinquent PACE assessments «super-priority» status, as part of the tax bill, over other recorded obligations; lenders require these «super liens» to be paid off before any new financing can be obtained.

Section 116 of the Strata Property Act gives a strata corporation the authority to register a lien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate of Llien against an owner's strata lot under certain circumstances in a prescribed form — Form G - Certificate of LienLien.

It gives consumers the right to cancel certain credit transactions that involve a lien on a consumer's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes.