Sentences with phrase «value of the lien»

For instance, although the City is the location of approximately 64 % of the tax delinquent properties (46,883 out of 73,360), the City has only 11 % of the assessed value of all liens (approximately $ 6 million).»

In a judicial proceeding to sell tax - delinquent realty, the Commissioner of Accounts can not enter a decree of confirmation of sale until the value of liens against the property being sold are determined.

Upon the death of the insured, the death benefit will be reduced by the value of the lien against the policy and any unpaid loan and loan interest.

The way they do that is bidding up to the dollar value of their lien plus all senior liens — they would only do that if they felt the value was higher than their position.

Any lien - holder that does not expect to get full value of their lien has 90 days to challenge the Termination Plan.

Not exact matches

Banks generally underwrite loans based upon the value of specific assets and attach liens to those specific assets to secure a small business loan.

They will put a lien on anything the person owns that is of value.

Banks prefer to write loans based on the value of specific assets and take liens on those specific assets.

As noted in the Fund's June 30, 2016 Semi-Annual Report, the Fund held approximately $ 30 million market value of TXU Energy's first lien debt which was yielding approximately 15 % at the time it was converted into equity in the new TCEH Corp..

Cash money, however, may be required if there is a lien on the automobile that you are trading and the balance is greater than the appraised value of your trade in.

They include our partnering for success effort with our supply chain as well as our lien and capturing the value of quality efforts within our factory spaces and our office spaces.

In Erie County, there's an excess of 73,000 tax liens, which have a value of $ 53 million in taxes owed.

Equity: The value of an asset in excess of the amount of any liens.

This means that you count your exemptions against the full value of the property minus any money that you owe on mortgages or liens.

a) The loan is limited to a combined LTV (FHA insured first mortgage and any subordinated lien) of 85 % of the appraised value, provided the borrower has owned the property for at least one year.

This scenario rate is 3.990 % (4.862 % APR) USDA loan of $ 180,740 on a $ 180,740 purchase at 100 % Loan - To - Value in 1st Lien for 360 month term and 686 middle credit score.

If an asset is subject to a mortgage or a lien, your equity is the value of the item after deducting the amount of the lien or liens (the equity).

This scenario rate is 4.375 % (4.654 % APR) VA loan of $ 155,000 on a $ 155,000 purchase at 100 % Loan - To - Value in 1st Lien for 360 month term and 635 middle credit score.

This scenario rate is 3.750 % (3.958 % APR) VA loan of $ 285,000 on a house of $ 285,000 refinanced at 100 % Loan - To - Value in 1st Lien for 360 month term and 765 middle credit score.

The purpose of the search is to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims or outstanding restrictive covenants filed in the record, which would adversely affect the marketability or value of title.

A Shell FCU Home Equity loan allows homeowners to borrow up to 80 % of the appraised value of your home (less any outstanding lien).

You will be asked to allow the lender to place a lien against an item of value to secure your loan.

ninety LTV Refinance Analyzed top rated list of Refinance Loan companies from Evaluations If you wish to determine how much lendable collateral you have in your house based on a loan to worth all you have to get it done take your property value, multiply this by the personal loan to worth (the percentage you need to borrow) then subtract any kind of mortgages owing against the property and also residence tax or some other liens / encumbrances.

In a program which went into effect Monday, HUD explains that with the exception of streamline refinance transactions, the combined amount of the FHA - insured first mortgage and any subordinate lien may not exceed the applicable FHA loan - to - value ratio AND the geographical maximum mortgage amount.

Equity is the value of the property over and above any liens.

Collateral is simply something of value that you allow the lender to place a lien upon until the loan is repaid, like a car or home.

It mandates principal reductions and does not permit new subordinate liens to be used to pay off some portion of the existing mortgage debt, even if that debt were secured by the value of the property.

Home Equity: The market value of your home minus your mortgage, and any outstanding liens, such as a home equity line of credit.

Appraiser — gives an estimate of the value of the property so that the first lien lender does not lend too much.

Equity is the amount of monetary ownership a homeowner has in their property and is determined by subtracting the balance of any liens against the property from the home's market value.

If the house is held in the name of the borrower, without a property lien filed, creditors can take the home or put pressure to the borrower to use the value of the home to fulfill debt.

The LTV ratio is calculated as the amount of the mortgage lien divided by the appraised value of the property, expressed as a percentage.

By placing collateral against the value of a bad credit loan, you are giving the lender permission to place a lien against your home or other valuable property.

This scenario rate is 3.990 % (4.033 % APR) conventional loan of $ 417K on a $ 626K purchase at 66.61 Loan - To - Value in 1st Lien for 360 month term and 704 middle credit score.

Liens are a lender's claims against the value of property used as collateral for a loan.

This scenario rate is 4.250 % (4.470 % APR) conventional loan of $ 135,920 on a $ 169,900 purchase at 80 % Loan - To - Value in 1st Lien for 360 month term and 679 middle credit score.

This scenario rate is 4.500 % (6.261 % APR) JUMBO loan of $ 956K on a $ 1,195 K purchase at 80 % Loan - To - Value in 1st Lien for 360 month term and 704 middle credit score.

If a subordinate lien (home equity loan or line of credit) will remain in place, the CLTV can not exceed 125 % based on the original home value if there's no new appraisal, and 125 % of the home's current appraised value for loans with a current appraisal.

For example - first lien + second lien / appraised value = LTV, or loan amount / purchase price of property = LTV.

Just as second and third mortgage liens can be stripped from your home, the balance of a car loan can be reduced or «crammed down» to match the current market value of your car.

You will need a car with a wholesale value of at least $ 5,000, a copy of your driver license, a certificate of title or lien satisfied / lien release form, evidence of insurance for your vehicle, a recent utility bill in your name that verifies your home address, a pay stub or bank statements as proof of income, and three references.

For example, to keep a car the debtor may choose to redeem the debt (pay the secured creditor the value of the collateral in exchange for a release by the creditor of their lien) or reaffirm the debt (sign a reaffirmation agreement and continue to make car payments).

Some Chapter 13 debtors are able to strip their second lien, or eliminate it entirely, if the value of the home is less than the amount owed on the first trust deed.

A cash out refinance loan may have a lien that is similar to a second mortgage and may need to be paid out in a certain order of value.

The calculation is, in essence, subtracting any liens or remaining mortgage amount of your home from its current market value.

After a period of time the 1st lien holder orders an appraisal to verify market value and after doing their due diligence determines that $ 290,000 is well within the acceptable limits of market value.

The purchaser is still the owner, the loaning company is just a lien holder, meaning they have a right to get paid from the value of the car.

But today, one in four California homeowners is upside down (where the liens against a property exceed the value of the property).

the home or automobile does not have equity (a liquidation value in excess of the amount owed to creditors with liens against the property) in excess of what you are allowed to exempt.

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.»