Sentences with phrase «to release one's liens»

The lender agrees to accept a reduced amount in order to release the lien on the property and enable the sale to go through.

When you pay off the car, the lender releases the lien and you own the vehicle free and clear.

You can't sell short without your lender (and any other lien holders) agreeing to the sale and releasing the lien so that the buyers can get clear title.

For instance, the government might report the wrong amount of outstanding taxes, or they might fail to release a lien after you pay the amount due.

Yes, however, all your existing lenders must agree to release the liens against your home.

However, if the payment is made by check, your lender may delay releasing any liens and returning the title for five business days to confirm funds are available.

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

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

You can't sell your home without your lender and any other lien holders agreeing to the sale and releasing the lien so that the buyers can get clear title.

The letter further stated that if a dispute arose over liens, an amount equivalent to the Brokerage's lien claim would be deposited into escrow and the Brokerage would then be required to release its lien at closing.

H4H will offer subordinate lienholders an immediate payment in exchange for releasing their liens, to permit more borrowers access to the program.

It is ridiculous how many banks and note servicers resell liens or never released the liens once they are paid off.

If the borrower pays off the tax debt and the government releases the lien, we can sometimes refinance the debt with a more affordable loan, such as an SBA loan.»

Previously, subordinate lienholders who released their liens were only eligible to receive a small recovery payment when the home owned by the H4H borrower was sold.

At the end of the tenth year, the note will be considered satisfied and THDA will, upon request, release the lien securing the note.

2 - They can also release the lien.

While true that reverse equity mortgages supplement your monthly cash flow, this statement is critically oversimplified, because a reverse mortgage will ultimately be paid back to release a lien placed upon the borrower's property.

When lenders were offered the opportunity to refinance troubled borrowers into Federal Housing Administration FHA loans last year, the fact that they would have to agree to accept the proceeds of the new mortgage as payment in full of their preexisting senior loan and release their lien made the offer unappealing for many lenders as that meant that the outstanding principal balance owed would not be fully paid.

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.

While the clerks can't remove erroneous liens from the public records, they will show the documents releasing the liens, and you should demand that the contractor also record an affidavit explaining the error.

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.

Existing subordinate lien holders, in particular, are highly unlikely to agree to release liens at a complete loss.»

The Brokerage never released its lien.

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.

Existing lien holders must agree to accept the proceeds of the H4H refinance as full payment, and to release their liens.

A payoff brings the balance to zero, closes the HELOC and releases the lien.

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

Once the property transfers to the new buyer, the released lien will not longer appear on the property title.If you have a previous court judgment against you, but your creditor has yet to file a lien against your home, you can sell your home with a clear title.

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

When you pay off the judgment amount, the creditor will release the lien it holds against your home — freeing up the property for sale.

To get your lender to release the lien for a clear title transfer to the buyer, you must pay your lender back via the settlement, or «closing» process.

Meaning I agree to pay the lender $ 4000 and they release their lien.

So if I pay them $ 4000 to release the lien, this means the loan has not been paid in full so they have the right to go after the borrower for a deficiency judgment of $ 56,000.

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

Home Equity Lenders May Not Cooperate: Home equity lenders may have no incentive to discount or release their Liens.

The state of Illinois requires us to release the lien 5 days after the payoff date.

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.

That incentive payment could be applied towards settling junior liens - so, if a junior lien - holder was playing hardball, holding out for more money in order to release a lien, the seller might be forced to use their incentive money for that purpose, and never actually see any of the cash.

Once they get paid by the health insurance company they will release their lien.

However, a completed Satisfaction of Mortgage is required to release the lien and obtain the title.

This releases the lien on the collateral, often the property, used to secure the loan.

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.

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

Michigan court holds that real estate broker's refusal to release lien on commercial property after funds sufficient to cover commission were deposited in escrow was a violation of state's Commercial Real Estate Broker's Lien Act.

The trial court found that the while the Illinois commercial broker lien law did not require the Brokerage to release its lien, the court extinguished the Brokerage's lien and awarded the Lender the amount held in escrow.