Sentences with phrase «with lien holder»

Refinance with a Subordination Request If a lien can not be nullified, you can still try to partner with a refinance lender and with the lien holder to pay off the old debt using home equity.

Especially, with lien holders in the 2nd position.

And additionally, compliance with lien holders» requirements must be addressed if policy holders are leasing or financing a car.

In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.

He is also a licensed California Real Estate Broker and since 2006 has performed more than 100 real estate related transactions including sales, purchases, leases, and 3rd party short sale approvals with lien holders.

Not exact matches

Using an extensive set of data on loan performance that we have developed with Equifax, we find that multiple first mortgage lien holders — that is, people owning more than one home — account for about 40 percent of the dollar volume of seriously delinquent mortgage balances, up from about 5 percent in 2004 (Chart 10).

Shares of Energy XXI Ltd (NASDAQ: EXXI) plummeted more than 75 percent early Thursday morning after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes...

Many second lien holders were left with nothing.

You can pretty much guess that a lot of lenders will not be thrilled with this notion, especially holders of second liens who are likely to lose much or all of their investment.

The bonds are mortgage - backed so if CSI reneges on its commitments, the property will be sold with bondholders getting a cut of the proceeds after all other lien - holders (like the bank and city) are paid off.

Second and all subsequent lien holders must also approve a short sale, so even though it can still happen, it's a lot of extra work with more opportunities for a last - minute fall - through.

The 2nd lien holder has a loss sharing arrangement with the FDIC that will allow them to collect substantially more than the amount offered by the first lien holder under the short sale scenario.

Until the conflict between first and second lien holders is resolved, loan modification efforts and mortgage write - down programs will likely be met with very limited success.

Of course there are times that it will be impossible to make the deal work but in many cases the skill of the negotiator can find a middle ground with the 2nd lien holder.

In the case of a vehicle with a lien, there is a specific place on the title to have a lien holder listed, and the holder of the lien will also hold the title until the lien is cleared.

That means they don't have to contend with the hassle of completing all of the lien - holder paperwork.

The reverse mortgage lien holder simply has a secured interest in your home as would be the case with a traditional mortgage or home equity line of credit.

And why buy 2nd mortgages if there is a 1st mortgage or can you negotiate with the 1st lien holder to accept a discount?

If a homeowner goes into foreclosure, secondary liens are wiped out and the lien - holder is left with nothing.

Auto title loans are going to be based on the equity of your Escalade, with LoanMart taking over the vehicle's title as lien holder for the duration of your payment period.

As with the example above, mortgage lenders, mortgage insurance companies, second lien holders, and in the case of short sales, the new buyers have to agree to the terms of the loss mitigation program.

Often with short sales, the owners lien holder (bank or banks) will allow a credit for VA required repairs.

Based on the equity of your Nissan Frontier and your ability to repay the loan, an auto title loan with LoanMart places LoanMart as the sole lien holder on the title of your vehicle.

Warning: The amount waived by the lien holder will be reflected as a chatge - off on the consumers credit and the consumer will receive a 1099 Form for the full amount of the reduction figure, that must be filed with that years taxes.

An auto title loan is a loan that is secured with your drivable motor vehicle, in which your lender becomes the lien holder of the title.

The agent representing the seller needs to know how to get past any difficulties that could arise between disagreements with the two lien holders.

An auto title loan is based on the equity of your Chevy Avalanche and your ability to repay the loan with LoanMart becoming the lien holder for the duration of a person's payment period.

Of course, this result was in harmony with common practice among plaintiffs and medical lien holders; plaintiff's counsel typically requested and received reductions in the liens of insurers and hospitals.

As with workers» compensation liens (G.L. c. 152, § 15) and Medicare liens 42 C.F.R. § 411.37, which provide a specific statutory framework for sharing attorney's fees, medical lien holders consistently recognized the equitable duty to share the burden of counsel fees.

If you have a new car, with or without a lien holder, you should make sure you have comprehensive coverage.

The vehicle (s) you're insuring, along with their VIN numbers, location, and if there's a primary lien holder (if the car is currently being financed)

arising from or attributable, in whole or in part, to: a) a debt, insolvency, commercial failure, the repossession of any property by any title holder or lien holder or any other financial cause; b) non-compliance by you with regard to any obligation specified in a contract or license;

However, if you have purchased a new car or are leasing one, your lien holder may require that you carry these coverages as part of the terms of your agreement with them.

These requirements come not from the state, but from lien holders with a financial stake in the cars.

In fact, if your landlord is requiring you to have this kind of CA renters insurance coverage, then you may need to either provide them with a copy of the Coachella policy certificate or include them as a lien holder.

Experience with different lenders will tell you, for example, whether the process will extend beyond your buyers» time frame or the holder of a second lien will stand in the way of the sale.

I'm going to spend the weekend calling all my lien holders and trying to come up with better ideas than filing.

Once a case is escalated, Fannie Mae will directly engage with the agent or servicer to address challenges such as valuation disputes, delays by servicers or uncooperative subordinate lien holders.

Offer them the same deal of either straight interest or a rent / profit split with a preset holding period so you can pay off the original lien holder.

We collaboratively work with: seller, buyer, listing and buyer's agents, lender, homeowners association, title company, termite company, home warranty, fire insurance, and lien holders.

The 2nd lien holder has a loss sharing arrangement with the FDIC that will allow them to collect substantially more than the amount offered by the first lien holder under the short sale scenario.

When I told the 2nd lien holder that the contribution would not be on the HUD but would be disclosed in an Addendum, the negotiator's response was, «I need to check with our closing department to see if this is OK.»

Of course there are times that it will be impossible to make the deal work but in many cases the skill of the negotiator can find a middle ground with the 2nd lien holder.

• How to speed up your deals and streamline your short sale package for faster approval using the new «pre - determined» hardship categories • Which current HAFA documents are no longer mandatory and how this will affect your current deals • What new anti-fraud affidavit you must provide both the buyer and seller to verify the HUD1 Statement is at arm's length • The condensed approval timeline servicers, which are now required to use, and how this change benefits your business • How your ability to negotiate will change with the new increase in available incentives for subordinate lien holders • Why you might experience a surge in investor business when the «prohibition against resale» is reduced from 90 to 30 days.

The ones I see go back to the certificate holder here in Pinellas are only vacant lots in the hood where the city demolished the structure... which come with a demolition lien and usually plenty of lot clearing and securing liens as well.

Florida is trying to cut damaging foreclosure delays with legislation to let lien holders request an expedited process.