Sentences with phrase «of lien on»

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?

If the obligor is an owner of the property being improved, the lien claimant shall be entitled to a claim of lien upon real property upon the interest of the obligor in the real property to the extent of the owner's personal liability under subsection (b) of this section... which claim of lien on real property shall be entitled to the same priorities and subject to the same filing requirements and periods of limitation applicable to the contractor.

Any person who performs or furnishes labor or professional design or surveying services or furnishes materials or furnishes rental equipment pursuant to a contract, either express or implied, with the owner of real property for the making of an improvement thereon shall, upon complying with the provisions of this Article, have a right to file a claim of lien on real property on the real property to secure payment of all debts owing for labor done or professional design or surveying services or material furnished or equipment rented pursuant to the contract.

(d) The premium for nonfiling insurance, insuring the lien of the creditor on any property which is collateral for the consumer credit transaction, may not exceed the cost of filing of a lien on the property and any document necessary to continue the lien and is nonrefundable.

Funding Circle requires collateral on their loans in the form of a lien on your business assets and a personal guarantee from the primary business owners.

To be a bit more precise, if your collateral involves a UCC filing instead of a lien on a house / car title, it will be very hard for lenders to enforce it.

A Bureau credit instrument can be junior (i.e., subordinate) to the project's other debt obligations in the priority of its lien on the project's cash flow.

The approximate amount of the lien on the house is $ 749,264, with the note and mortgage assigned to Wells Fargo Bank, according to county clerk records.

The pacifist answer is not to say simply that tyranny is better than war, though some pacifists do believe that to live under Communism is less of an affront to human dignity and less of a lien on the future than to reduce a nation to a shambles in the attempt to «liberate» it, as was done in Korea.

Having equity means the market value of your home is greater than the outstanding balance of all liens on the property — that is, your mortgage loan, any second mortgage or home equity loans, plus other liens, such as tax liens or Homeowners Association dues.

Represented real estate developer in lawsuit regarding priority of liens on investment property.

City records show that one in five of these liens on properties is for unpaid taxes or other municipal bills amounting to $ 1,000 or less!

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

Is disclosure of liens on developer lots for debts required if I purchase a townhome in an HOA run by the developer?

3) That the first position is so important that the Federal Housing Finance Agency prohibits Fannie Mae and Freddie Mac (conventional loans) and FHA from purchasing mortgages or notes with these types of liens on the property - either as refinances or purchases.

If I purchase a SFH at a sheriff sale, will I get a Warranty deed free of liens on the property?

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.

Not exact matches

I called the number and started going through a menu of options and was actually transferred to a call center where a man began discussing my «case file» so he could help me avoid a lien being placed on my assets.

We're taking all of your receivables, and we're putting an asset lien on you, and we require a personal guarantee.»

The bank sought to fill the gap with a $ 200,000 SBA loan, something Wald wanted to avoid at all costs, recalling the consequences of the $ 30,000 SBA loan he'd received in 1996 (and since paid off): NetForce had trouble securing the kind of financing it needed because the SBA had taken a blanket lien on all the company's assets.

Under the current system, a home buyer typically pays thousands of dollars to hire someone to go to the county courthouse and search through documents for any outstanding liens on the property.

Instead, those paper records could be moved to the blockchain, where a transaction log can be securely stored — and still easily accessible — on what's known as a distributed ledger, «where you have absolute truth in terms of what those liens are and what that information is,» Cagney explained.

«With the US labor market recovery gaining momentum, the hope for stronger global growth in 2014 is motivating investors to take on risk,» said Kathy Lien, managing director of FX Strategy at BK Asset Management.

One of the best ways to get financing with a tax lien and put yourself on the path to financial recovery is to arrange a repayment plan with the government agency that filed the lien.

Bank financing is still out of the question, but alternative lenders will often extend a loan to borrowers if they are on a repayment plan for a lien.

The size of the lien affects the likelihood that the lender will get their money back if you default on the loan.

The advantage of this approach is that you receive the capital you need right away — through a lender who has easier qualification requirements and is willing to overlook the lien on your record.

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.

Only three percent of those who completed the Quiz had a lien on any of their business assets from a legal judgment.

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

A tax lien is one of those public records items that appears on your credit report and can drag down your score.

While a traditional bank loan often requires specific collateral before they will lend to a small business and may rely heavily on the personal credit of the business owner, OnDeck offers fast small business loans from $ 5,000 to $ 500,000 with a general lien on business assets during the loan term and a personal guarantee.

These lenders will typically place a general lien on the assets of the business during the loan term.

They will put a lien on anything the person owns that is of value.

While there is no specific collateral requirement for Fundation business loans, the lender has a blanket lien on your business assets, meaning that in the event of default, Fundation has the right to take possession of any business assets to fulfill the debt.

Banks prefer to write loans based on the value of specific assets and take liens on those specific assets.

Many lenders today don't require specific forms or types of collateral, but will rather apply a general lien on business assets and a personal guarantee to secure the loan — making it possible for many businesses without specific types of collateral to qualify.

Measures of negative equity have become a key component in crafting policies to address the foreclosure crisis, as these borrowers are twice as likely to be seriously delinquent or in default on their first - lien mortgage compared with positive equity borrowers.

A debenture is a claim, lien or charge, on asset or property, usually as a result of a loan.

However, in addition to this, they also take a blanket lien on all of the business's assets.

These questions cover topics like the quality of the plumbing, whether there are any liens on the property and even how close the property resides to a farm.

James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development company focused on a variety of customized financing solutions including first lien, unitranche, and subordinated debt as well as equity for lower middle market companies — in 2010.

During this 10 - year period of time, the IRS can levy your bank accounts, garnish your wages and file a lien on your real and personal property.

Sometimes it could take one to six weeks to get the termination of the old UCC - 1 liens finalized, which could flat out deny your ability to close on your financing arrangement.

In addition, once a secured debt obligation is paid off, you should request immediately that the lender terminate the lien on said asset (s) through the filing of a UCC - 3 form.

Our revolving credit facilities provide our lenders with first - priority liens against substantially all of our assets, including our intellectual property, and contain financial covenants and other restrictions on our actions, which could limit our operational flexibility and otherwise adversely affect our financial condition.

I want to add that with a little research and education on the subject, tax liens are a fantastic way for the beginning investor to jump in with little money out of pocket!

Instead of loaning it to him directly, together we went to a local bank, where I deposited $ 5,000 into a bank certificate of deposit (CD), and then the bank loaned my brother the $ 5,000, with a lien on the CD.

M360 Advisors («M360») is a U.S. - based investment management company that manages diversified portfolios of senior debt investments secured by first - priority liens on income - producing commercial real estate throughout the United States.

Other times, it is opened as a new lien and only used to pay for a down payment on the new home, adding additional debt on top of your two mortgage payments.