Sentences with phrase «releases their lien on»

Instead, some conduit lenders require borrowers go through a process known as defeasance to release the lien on the property.

Requiring banks to release their liens on properties whose home equity lines have been frozen.

Instead, some conduit lenders require borrowers go through a process known as defeasance to release the lien on the property.

LoanMart will pay your previous lender to release the lien on your title, and LoanMart will place their own.

(5) Fees and charges prescribed by law which are or will be paid to public officials or agencies for recording or releasing a lien on property which secured the loan, provided, however, that a releasing fee may only be charged and collected at or after the time the lien is released.

Once you have paid the loan in full, we will release the lien on your car title.

After you pay off your loan, LoanMart will release the lien on your vehicle and it will be yours once again.

As a result, the lender will release the lien on your car's title.

When we do a title loan on a financed car or refinance your title loan from a competitor, we pay your debt, so that the original loan is paid, and the lender releases their lien on your car's title.

The ELT program uses electronic transmission of lien information in place of paper forms to record and release liens on motor vehicles and boats titled in NY.

Without language in the contract stating that the lenders must approve the offer and release all liens on the property, the seller may face a legal problem for failing to execute the contract if the short sale is not approved, says Hollingsworth.

An Illinois appellate court has considered whether a commercial broker must release its lien on a property when the lender has released its liens on the property, under the state's commercial broker lien law.

v. Chase (186 A.D. 2d 341) summary judgment for broker affirmed; commission earned when produced ready, willing and able buyer; no evidentiary support for claim of «when, as and if title passes» or broker misconduct; defendants inability to reduce or release liens on property is irrelevant.

Not exact matches

For a traditional mortgage, the lien on the property will be released once the mortgage is repaid.

It is possible to help your profiles through paying off the lien, however we have noticed that after liens are paid businesses end up with two listings on their reports one for the date filed and the second for the date released, depending on the bureau.

LoanMart will keep a lien on your car during the payment period, and when you have successfully paid off your loan by the end of the payment period they will arrange for the lien to be released.

3 Cosigner release allowed if an account is in current standing, after 24 months of consecutive & on — time payments with a borrower FICO > 749 for EDvestinU Private Student Loans and minimum income requirement of $ 30,000 with no foreclosures, repossessions, wage garnishments, unpaid tax liens, unpaid judgments or other public records having an open balance exceeding $ 100 during the last 7 years.

If the repayment terms on the lien and therefore on the loan are met, the lender will release the lien.

If you have had late payments, charge - offs, liens, judgements, etc., these will remain on your credit report for no more than seven years (ten years for bankruptcies) or until the reporting party releases you or the credit bureau decides to remove it.

(2) You may still be obligated on the debt: when the lender agrees to a short sale, the lender is only agreeing to «release» their lien on the property for less than what they are owed.

The grant is forgiven after that 5 - year term and the lien is released on the property.

Upon the payoff of your loan, your lien release / title will be mailed to your address on file 10 business days after the loan is paid off.

If a title search indicates that the mortgage lien hasn't been released, your lender may not have yet filed, doesn't intend to file because you still owe money, or it will not file the lien release on your behalf — you must do it.

Your current lender will release the lien hold on your title.

Once all of the renovations are completed on your home, On Q will obtain a final inspection and the title report will be updated to verify that all liens have been releaseon your home, On Q will obtain a final inspection and the title report will be updated to verify that all liens have been releaseOn Q will obtain a final inspection and the title report will be updated to verify that all liens have been released.

Here is what should be accomplished in a short sale: Borrower is released from all liens on property in the sale, some payoff may have to be made to first of second lien holder.

I also have a 30 day late on a credit card from about 5 months ago and a released tax lien on my record.

A noteworthy feature of this new release was designed specifically for personal - injury attorneys and others who have to track third - party lien claims on their clients» behalves, such as medical bills, so payments can be properly disbursed from trust funds after any financial recovery.

Note: On April 24, 2017, the N.S. Government issued regulations that will finally effect Builders» Lien Act amendments permitting early release...

Researched Lien statuses on specific properties to find a Release or acquire a Subordination for those Liens

While many states allow commercial brokers to file a lien on the property for an unpaid commission, «lenders often won't release financing without good title,» so filing a lien — which clouds the title — may actually prevent an owner from receiving the funding needed to pay the commission, she explains.

For example, lenders could fund a loan for which the title search identifies an unreleased lien on the property «without going through the pain of releasing the lien» if a subsequent credit report shows the second loan has a zero balance, he says.

If my discovery at the Recorder of Deeds Office comes out clean (with no red flags) I will stop there; unless I see a spotty history of liens and releases on title.

Responsibilities: • Negotiating, writing and executing real estate investment agreements as well as contracts on behalf of the company • Offering counsel on a variety of legal issues • Advising executives within the company • Working alongside other departments within the company • Advising on contract status, business risks and risk mitigation strategies, and the legal liabilities associated with different real estate related deals including but not limited to: the evaluation of existing property special assessments, restrictions, zoning issues, building codes, lien releases, ADA, etc.) • Conduct title and survey review and perform due diligence on prospective loan deals; prepare and review contracts, and coordinate closings • Researching and anticipating unique legal issues that could impact the company • Reviewing advertising and marketing materials to ensure that they are in compliance with legal requirements • Manage real estate disputes including litigation • Providing training to the company on legal topics • Performing other duties as required or assigned

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

The main challenge that is presented on reverse mortgage transactions are old liens or encumbrances that have been paid - in - full but were never released of record in the county records.

Make sure you have the contractor sign a release of all rights to any lien on the property once the job was finished.