Sentences with phrase «second lien on your title»

Fortunately, there are some companies that are willing to place a second lien on your title.

Not exact matches

b) The sum of the existing first lien, any purchase money second mortgage and / or any junior liens over 12 months old, closing costs, prepaid expenses, accrued late charges, escrow shortages, borrower paid repairs required by the appraisal, discount points, prepaid penalties charged on a conventional loan and FHA Title 1 loans as determined by the appropriate HOC subtract any refund of refund of upfront MIP.

If your current car still has a title loan with a remaining balance, you won't be able to get a second title loan because the lender, whether it be LoanMart or another company, has a lien on the title.

As long as the title on your second vehicle is clear - and - free of any liens or holds, you should be able to use it for a car title loan.

Research You should have a preliminary title search done to determine if there is a second mortgage or any other liens on the property.

Even when a property is resold quickly, or refinanced within a short period of time from the original purchase or most recent refinance, a new title search and title policy are needed because the owner could have taken actions that had an impact on his claim to the title, such as taking out a second mortgage or incurred a lien from unpaid taxes.

A title loan on a vehicle with an already - active loan would be referred to as a second - lien on the vehicle.

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.

I do not know if the second bank did a title search before they put a lien on the property.