Sentences with phrase «second mortgage on the property»

Lenders extend this as an open first or second mortgage on a property for one year.

Solar panels are also commonly financed by placing second mortgages on the property.

This means that if you had $ 50,000 left on your first mortgage as of that date, and had taken out a $ 25,000 second mortgage on the property prior to October 14,1987, you would have an acquisition indebtedness of $ 75,000.

c) The investment losses were caused by the fact the investments were made in second mortgages on properties for which values did not provide adequate security for the second mortgage investments.

For example, the buyer puts 20 % down, the bank funds 70 %, and you fund the remaining 10 % with a second mortgage on the property.

Records indicate there is also a $ 73,350 second mortgage on the property.

There are several reasons why someone would want or need to take out a second mortgage on their property.

Many people don't realise that they can register a second mortgage on their property.

Maybe the seller would carry back a second mortgage on the property.

Wondering whether you can get a second mortgage on your property in Milton?

Title fraud is when someone steals your identity and uses it to either sell your house out from underneath you or take out a second mortgage on the property and waltz away with the money.

He figures that if his bank still has a financial interest in his house it will exercise greater due diligence in the event that he (or an imposter) tries to take out a second mortgage on the property.

The most straightforward way to get money to stop the power of sale is to place a second mortgage on the property.

A home equity loan is generally a one - year open first or second mortgage on the property.

If there is a second mortgage on the property, it must remain subordinate to the new FHA loan.

They are usually open first or second mortgages on the property, which the borrower can end early if they wish to.

If there is a creditor who holds a second mortgage on a property and has not filed a lien, there is the likelihood that a bankruptcy court will require the creditor to file a proof of claim, and the debt will be treated like an unsecured claim.

The first or second mortgage on a property must be repaid within one year but the open clause in the loan agreement allows you to end it early.

This is typically offered as an open initial or second mortgage on the property.

If there is a second mortgage on the property, the holder must agree to subordinate the lien, so that new VA loan becomes the first mortgage

If there is enough equity, lenders can give a second mortgage on the property but at higher rates than if it was the original loan.

Home equity loans have a period of one year and are usually a first or second mortgage on the property.

A home equity loan is usually a 7 % -15 % first or second mortgage on a property.

It could be your first or second mortgage on the property but often, a home equity loan should be repaid within 12 months.

A standard home equity loan is in an actual sense an open first or second mortgage on the property, with an interest rate of 7 % -15 %.

This is either your first or second mortgage on the property for which you need to pay 7 % -15 % interest.

What you get is really the usual initial or second mortgage on a property to be repaid within one year.

This loan is given as a first or second mortgage on a property for 7 % -15 % interest per month.

A home equity loan is a second mortgage on a property that lenders offer at 7 % -15 % interest.

This is an open first or second mortgage on a property, offered at 7 % -15 % for a 12 - month period.

This is a standard open first or second mortgage on your property that you must repay in 12 months.

Standard home equity loans are actually first or second mortgages on a property that can be ended early if the customer so wishes.

The typical home equity loan is actually a first or second mortgage on a property.

They are typically a first or second mortgage on a property that is lent at 7 % -15 % interest to be paid in a period of 12 months.

With a first or second mortgage on your property, it is possible to pay before the standard 12 months are over.

In the event the home - owner has gotten a second mortgage on the property, the Cochran Firm Bankruptcy attorneys may be able to strip the second mortgage.

Before the transaction closes, the sellers disclose that they are declaring bankruptcy and have just recorded a second mortgage on the property — meaning that it's unlikely there will be enough equity in the sale to satisfy the mortgage lenders.

If there's a second mortgage on the property, it can take additional time to get both the first and second lien holders in agreement.

If you don't have the down payment money, you can try to obtain a second mortgage on the property, but it's likely to be an uphill struggle.

In 1997, Bernard and Gloria Zaptocky («Debtors») refinanced their home with Chase Manhattan Bank («Bank»), giving the Bank a second mortgage on the property.

Without the down payment, you can attempt to obtain a second mortgage on the property, but this is certainly a challenge.

Generating notes is a clever way to create «notes» or «paper» on real estate that the investor does not even ever own: a typical example, is placing a second mortgage on a property that is flipped on the wholesale market.

My husband inquired a second mortgage on the property in 2006 but is not current on the payments of the second mortgage.»

There are options to eliminate mortgage insurance altogether by getting a second mortgage on the property.