Sentences with phrase «other liens against the property»

other liens against the property).

You would also subtract any other liens against the property, but in this example the mortgage is the only debt:

It does not include mortgages, mechanics liens, and other liens against the property.

You see, since the financing for the HERO program is a tax lien and it is paid with your property taxes, it takes first position over other liens against the property (i.e. mortgage lenders).

ALTA Insurance («lender's policy») is a guarantee your lender requires to ensure there are no other liens against the property when your mortgage is recorded.

Not exact matches

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.

https://www.seattletimes.com/business/debunking-common-misconceptions-on-reverse-mortgages/ 4 Your current mortgage (s) and any other existing liens against the property, must be paid off at or before closing.

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.

2 Your current mortgage (s) and any other existing liens against the property, must be paid off at or before closing.

In other words, with a Home Equity Loan or HELOC, you will have two mortgages on your property; in all likelihood, it will have a higher interest rate than your first mortgage due to the fact that it will be held in a second lien position against the property.

Sheets: Table 13 89, and Available from: https://www.federalreserve.gov/econres/scfindex.htm 4 Your current mortgage (s) and any other existing liens against the property must be paid off at or before closing.

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.

With a judgment against you in hand, whether it is the original creditor or a collection agency, they can potentially garnish your wages, place liens on your property, or take other legal steps to obtain the money you own to them.

You need a way out, but you don't own any real property other than your car and it has a lien against it.

This can include liens against your property, wage garnishment, and other actions to collect the money before it ever enters your hands.

It is intended to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters.

This may include securing a lien against your property, garnishing your wages or other similar action.

A lien is a form of security interest placed against an item of property in order to secure the payment of a debt or other obligation from the owner of the property.

They can't place additional liens or mortgages against property without the consent of the other spouse or the court.

Clear title just means that there are no other liens or claims against the ownership of the property.

Canada Revenue Agency (CRA) has higher rights than other creditors and can garnish wages and pensions and file a lien against real property without issuing a Statement of Claim, and that lien becomes like a mortgage.

Judgments Other people or agencies that you owe money to can also put a lien, called a judgment, against your property — these can't be removed until the obligation is paid off.

«For slander of title to be actionable the statement, which can be a lien, a certificate of pending litigation («CPL»), or other notices against title, must operate as a cloud upon the plaintiff's rights to the property at issue which makes third parties shun and avoid the plaintiff's property from a commercial point of view....

It is meant to protect an owner's or lender's financial interest in real property against loss due to title defects, liens or other matters.

Concerns for these properties can include the condition of the home and how much repair costs will be needed to make it habitable and / or other liens pending against the property, among other issues.

The land trust also shields the property against other liens and judgments that could be levied against the owner during his / her time of financial duress.

Title Companies provide title reports that show, among other things, the legal description of the property, all of the liens recorded against a property, and a «plat map.»

Title Insurance Provides insurance that public records have been examined to insure that there are no liens or other claims against the property.

https://www.seattletimes.com/business/debunking-common-misconceptions-on-reverse-mortgages/ 4 Your current mortgage (s) and any other existing liens against the property, must be paid off at or before closing.

Getting the title insured protects you against another person claiming the property, fraud, liens, and other possible defects.

Sheets: Table 13 89, and Available from: https://www.federalreserve.gov/econres/scfindex.htm 4 Your current mortgage (s) and any other existing liens against the property must be paid off at or before closing.

Examples of disclosures pursuant to § 1026.38 (k)(2)(viii) include the satisfaction of outstanding liens imposed due to Federal, State, or local income taxes, real estate property tax liens, judgments against the seller reduced to a lien upon the property, or any other obligations the seller wishes the closing agent to pay from their proceeds at the real estate closing.

This insurance is split into a lender's policy and an owner's policy and is required for protection against future claims such as unpaid real property taxes, liens or other encumbrances that weren't discovered during the title history search.