Sentences with phrase «of lienholder»

Purchasing the minimum liability insurance requirements puts you in the clear with the state, but keep in mind you may want — or need — additional types of coverage to make sure you've fully protected your cycle and met the requirements of any lienholder.

With the involvement of lienholder, the possibility of foreclosure exists if the borrower violates the terms of the mortgage such as by not paying property taxes or neglecting the property.

The offer was contingent on the approval of all lienholders.

I'm tired of working for months on these, only to have them fall through due to unrealistic expections on behalf of the lienholders.

Not exact matches

You will have to talk to the lienholder to see if you just need to determine the amount of payoff and do something else.

Lenders only serve as lienholders of the vehicle title until the loan amount has been fully repaid.

Given the amount of time that would pass between the creation of the H4H and the ultimate sale of the home, as well as the tremendous market uncertainties, subordinate lienholders were not guaranteed any return at all.

Before submitting proof of insurance, please make sure that Tower is listed on your policy as Lienholder / Loss Payee, with the address:

As the lienholder of your consumer loan, Evansville Teachers Federal Credit Union requires proof of insurance on your vehicle.

LoanMart only acts as the lienholder of your qualifying free - and - clear vehicle title, so when your loan is paid off you can get your title back.

Based on vehicle equity and the ability to repay the loan, LoanMart allows users full - use and funding, while they take over as lienholder on the vehicle title as a form of collateral, but only over the course of the repayment period.

While the profit lies absolutely with the title holder (you) the rsk of a large market drop rests with the lienholder (the bank).

If you have a second mortgage, the lienholder must either write off the loan or re-subordinate it to the new first mortgage, and write off enough so that the total of both the new first mortgage plus the old second mortgage is no more than 115 % of the home's current appraised value.

When you do this, LoanMart will also sign onto your vehicle title as a lienholder, but only for the duration of your loan period.

An approved short sale transaction is a short sale transaction that has been approved by all relevant parties, including the servicer, other affected lienholders, or insurers, if applicable, and the servicer has received proof of funds or financing, unless circumstances otherwise indicate that an approved short sale transaction is not likely to occur.

The seller will need to contact their lender to receive a Confirmation of Ownership or a clear title without a lienholder listed on it.

This isn't the place for a textbook of information on the particular liens in your state, but it's the time to impress upon you the need to fill in the provided forms — especially the blanks that ask you to list the insurers and lienholders that you know exist.

CASEpeer provides space for tracking negotiations with third parties and lienholders, and a settlement management dashboard gives you a firm - wide view of pending offers and demands.

Usually the lienholder will take care of this for you.

If the total amount owed to your first mortgage is greater than fair market value of your property, you can eliminate the security interest to junior lienholders and treat them as general unsecured creditors in your bankruptcy plan (thereby possibly being able to pay them less than 100 %).

The Illinois Supreme Court held that the statutory language in Section 10 of the act is unambiguous and does not permit the deduction of attorney fees and costs prior to calculating the amount to be paid to any health - care lienholder.

1864684 Alberta Ltd v 1693737 Alberta Inc, 2016 ABQB 371 (Decision affecting the rights of (commercial) condominium purchasers versus lienholders in a receivership)

In general, California law allows lienholders to repossess vehicles where the borrower is in breach of the contract terms, without requirement for a court judgment.

In your example, the holder of the $ 100K lien could, following the foreclosure sale, pay the first lienholder $ 400K and become owner of the property, wiping out...

Guaranteed Auto Protection (GAP) insurance insures you of the «gap» between the ACV and the amount you owe the car dealer or lienholder of a leased vehicle when you total your vehicle.

This is where GAP insurance comes in — for a nominal premium, you are guaranteed that you can finance another vehicle as soon as possible, because the GAP insurance will help cover you repay the full amount owed to the dealer or lienholder of your leased vehicle.

The declarations / information page includes the policy number, the effective dates, the details of the cars covered on the policy, the lienholder (if you have a loan on the car), the coverages, coverage limits, your premium, risk classifications and any discounts or surcharges.

Usually, the lienholder on a new vehicle — the bank that issued the car loan — is going to require a maximum deductible of $ 500 on comprehensive and collision coverage (that's the part of your insurance that protects your car).

If you fail to make your required payments, a lienholder has the legal right to take possession of your property.

When you buy a car, you get a certificate of title, which names all lienholders for the vehicle.

the lienholder (lender) does not object to the executory contract and consents to verify the status of the loan on request of the purchaser and to accept payments directly from the purchaser if the seller defaults on the loan; and 5.

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on property requests a court - supervised sale of the property to cover the unpaid balance of a delinquent debt.

The borrower continues to retain title to their home, the lender is a lienholder, but does not take ownership of the home.

NOTE: One reason a junior lienholder in California may refuse to cooperate is if the loan was a hard - money loan, secured to residence of 1 to 4 units.