Sentences with phrase «prior liens on the property»

Also responsible for ensuring that no problems exist with the deed of trust and there aren't any prior liens on the property.

The lender will have completed everything needed close the transaction with the probable exception of a certified appraisal and a title examination to show the existence of any prior liens on the property.

Not exact matches

You may not file under any chapter if within the preceding 180 days you had a prior bankruptcy petition dismissed due to your willful failure to appear before the court or comply with court orders, or was voluntarily dismissed after creditors sought relief from the bankruptcy court to recover property on which they hold liens.

Both are legal remedies that can put a stay of proceeding in place prior to them garnishing your wages, freezing your bank accounts or putting a lien on your property.

While filing for bankruptcy will eliminate your personal liability for the mortgage deficiency, bankruptcy may not be able to avoid liens placed on your property prior to filing.

A line of credit on a primary residence homestead property in Texas for the sole purpose of obtaining cash (including debt consolidation) or refinancing a prior Texas (a)(6) lien.

Product Information: A line of credit on a primary residence homestead property in Texas for the sole purpose of obtaining cash (including debt consolidation) or refinancing a prior Texas (a)(6) lien.

Usually, subordinate lienholders have a right to redeem property for the amount owed on all prior liens for a short specified time period following a foreclosure sale (typically a week or two each).

Prior to closing, Relocation filed a broker's lien on the property, claiming that it was entitled to its portion of the commission for producing a buyer for the property.

NCCM provides real estate backed first lien bridge loans on operating properties where the borrower or the property does not meet traditional commercial banking lending standards due to extenuating circumstances such as tenant vacancy or prior bankruptcy.

Funds that can be verified as the borrower's own, the source of which can be: (a) monies from borrower's checking or savings account, or other similar time deposit account, which have been on deposit in the account for at least 2 months prior to loan application, (b) cash up to $ 1,000, (c) cash deposit towards property purchase, and (d) the market value of the lot owned by borrower, exclusive of any liens, on which the SONYMA financed home was or will be constructed, or the purchase price of the lot if it was purchased in the past 2 years, whichever is less.

research on a property title usually conducted by a title company to determine if there exist any outstanding liens against the property prior to a sales transaction.

Normally, a title exam reveals any liens on the property which need to be paid off and released prior to closing.