Sentences with phrase «priority lien on the property»

They should however in my opinion record a deed of trust on the property or some variation there of showing that they have a priority lien on the property.

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.

If the fair market value of a property is less than the amount owed on a first - priority mortgage, a Chapter 13 debtor may be able to remove additional mortgage liens through a process known as «lien stripping.»

Representative Trial Experience: • Rosa Construction, Inc. v. Capstone Builders, Inc. et al. v. Sterling Savings Bank, Montana Eighteenth Judicial District Court (2013): Five day jury trial resulting in the permanent discharge of Capstone's improper construction lien against Rosa's real property, affirming the priority of Sterling Savings Bank's mortgage on Rosa's real property, and awarding $ 1,425,000 in compensatory damages against Capstone for recording an improper lien on Rosa's real property and interfering with the Bank's mortgage interest.

Typically, the notes were issued by a Woodbridge affiliate and were described as being ultimately secured by a first - priority lien on valuable real property.

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

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.

Yes, you'll learn terms, legal terms, like encroachment, easement, plat and survey, property descriptions, market value and what must be present to establish a market value, what a single family dwelling is (many here don't even know what that is, yet they try to deal in them), you'll learn what property rights are and how certain rights are conveyed, what may cloud title or encumber title, what a lien is and types of liens as well as their priority, what responsibilities there are with ownership... and the list goes on.

The Title Company then issued a policy insuring that the Lender's recorded mortgages would receive lien priority on the Property.

But before that can happen, the lender needs to make sure there are no other previous liens on the property that would take priority over the lender's filing.