Sentences with phrase «of liens on the property»

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.

(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.

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?

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.

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

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.

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

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.

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.

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.

regardless of their financial situation??? You DO realize that if they don't pay, they'll be slapped with a federal tax lien against their property and their property possibly foreclosed on and sold a U.S. Treasury Auction.

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.

The city did file a notice of appeal on Feb. 1 of two earlier decisions by state Supreme Court Judge James Murphy rejecting the city's attempt to take back ownership of the land around the harbor from COR and canceling liens the city had placed on the property.

According to the 2015 30 - Day Lien Sale List as of April 7, 2015, the zip codes of the top five areas in Queens with the most properties on the 2015 Lien Sale list are (in order): 11434 (South Jamaica / Springfield Gardens), 11368 (Corona), 11691 (Far Rockaway), 11433 (Jamaica) and 11413 (Laurelton).

The letters inform property owners that their properties are on a «Notice of Lien Sale» list due to their unpaid debts.

The placement of a property on the Lien Sale list means the City can sell the lien it placed against the property to a third party private entity if the property owner does not pay off his or her debt to the City, or enter into a payment agreement with the City, within a specified perLien Sale list means the City can sell the lien it placed against the property to a third party private entity if the property owner does not pay off his or her debt to the City, or enter into a payment agreement with the City, within a specified perlien it placed against the property to a third party private entity if the property owner does not pay off his or her debt to the City, or enter into a payment agreement with the City, within a specified period.

More specifically, the sovereign status of the Seneca Nation Territories prevents financial lenders from being able to place a lien on or repossessing Seneca Property.

The City's Department of Finance has been sending lien sale letters to many property owners who are behind on their property taxes, water and sewer bills or other property charges.

The Department of Finance is scheduled to auction off tax liens on the two properties — at 2153 and 2155 Seventh Ave. — on Friday.

The judge ordered a lien on Villalba's property of nearly $ 300,000 and ordered him to remain in Argentina.

The TIFIA and RRIF loans are secured by liens on pledged revenues comprised of an annual payment of $ 12 million from the RTD and real estate development - related income generated by the project area, including tax increment revenue, a levy on property tax revenues, and lodger's tax revenue.

Another way of saying this is that the creditor has a lien on your property.

Once the statute of limitations expires, the agency loses the right to garnish your wages or place a lien on your personal property such as your home or bank account.

A title loan, also known as a title pawn, is a type of secure loan where a lender puts a lien on a borrower's property, their car in this case, in exchange for an amount to be loaned.

Before you decide to buy property you should have a clear understanding of what a senior lien is and what implications it may have on the future stability of your finances.

This means that you count your exemptions against the full value of the property minus any money that you owe on mortgages or liens.

According to Webster's dictionary, a lien is a legal claim that someone or something has on the property of another person until the debtor pays back what he or she owes.

Lenders first use reverse mortgage loan proceeds to pay off existing mortgages and liens on the property, after which borrowers may use the rest of the funds in almost any way they wish.

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

Now if your parents are listed on the mortgage or somehow have a lien on the house, you have a bigger issue as they technically own (or at least have an interest in) part of the property and when you decide to sell the house you would have to involve them.

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.

Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.

You can also ask the seller if they will write up a mortgage on the property for you if the property has no liens, judgments or current mortgage on that particular piece of real estate.

If a loans meets the following tests, it is covered under the law: 1) For a first - lien loan otherwise referred to as the original mortgage on the property - the Annual Percentage Rate (APR) exceeds by more than 8 percentage points compared against the rates on Treasury securities of comparable maturity; 2) For a second - lien loan otherwise referred to as a 2nd mortgage - the APR (Annual Percentage Rate) exceeds by more than 10 percentage points compared to the rates in Treasury securities of comparable maturity; or the total points and fees payable by the borrower at or before closing exceed the larger of $ 561 or 8 % of the total loan amount.

We strongly recommend having the final paper work of the land contract to be notarized and filed with the county recorders office and check to see if there are any liens on the property to protect the buyer and to prevent any dishonesty from the seller.

The lender may also take into account any debts belonging to the loan applicant as part of the financial assessment, including any liens that are on the applicant's property.

The bonds are mortgage - backed so if CSI reneges on its commitments, the property will be sold with bondholders getting a cut of the proceeds after all other lien - holders (like the bank and city) are paid off.

According to the Globe and Mail, the CRA is blocking the recent sale of Black's Toronto mansion by placing two liens on the property.

The sale of Conrad Black's Toronto mansion has been put on hold after the Canada Revenue Agency placed liens against the property for $ 15 - million in unpaid income taxes, according to documents obtained by The Globe and Mail.

For instance, if the owner owes $ 60,000 in income tax, and the Canada Revenue Agency was successful in putting a lien on the home, then the purchase of the property will mean you are now responsible for paying that $ 60,000 CRA debt.

Putting a lien on a piece of property is a way of legally enforcing collateral through claiming partial or complete ownership of it.

This judgment will be reported on your credit report and, in most states, the hospital can put a lien on your property in the amount of the judgment.

A lien is any official claim or charge on a piece of property, known as collateral, for payment of a debt owed or for some agreed upon service.

These funds are not forgiven after a certain period of time; rather the lien will stay on the property until the buyer decides to sell the home.

The IRS can and will use aggressive collection methods to collect back taxes, including the use of liens and levies on your wages or property.

«Lien stripping» (elimination of mortgages) means that upon successful completion of your Chapter 13 the mortgage company will have to remove the junior mortgage (s) from your property and the arrears on the mortgage (s) don not have to be paid back.

If there is a creditor who holds a second mortgage on a property and has not filed a lien, there is the likelihood that a bankruptcy court will require the creditor to file a proof of claim, and the debt will be treated like an unsecured claim.