Sentences with phrase «worth of liens»
The last thing you want to have happen is to think you just bought a home for $ 400,000 but then find out there is $ 75,000 worth of liens on the property.
http://www.sellmyhomeinmetrowestma.com/ Not exact matches
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.
One of the key issues at play is what happens to junior lien - holders (JP Morgan Chase alone has over $ 130 billion worth of secondary loans in its portfolio) in the event of modifications.
The amount of money that a lender will loan depends upon how old you are at the time of closing, how much your house is worth, the total amount of liens, and interest rates.
The house is worth about $ 520k and the lien is roughly $ 300k, I was thinking of pulling $ 50k.
So, for a house that is worth ~ $ 50,000, I now hold a first - lien position on that house, and he is paying off the $ 10,000 I «lent» him over the course of 5 years.
If a borrower owns a property worth $ 500,000 and has liens of $ 400,000, equity is $ 100,000.
The escrow officer records the sale and the Private Lender gets a recorded lien for their investment amount — remember, these properties are worth significantly more than the Lender's investment because of the upfront equity in each house we purchase.
If you do not intend to keep the property and your title is clear of other liens, we may (based on requirements set by the owner of your loan) be able to accept the deed to the property and forgive your debt, even if the property is worth less than the balance that you owe.
I have been told that if I were to fire him the contractor can file a mechanics lien for the last $ 5500, which does not make sense to me since he is well past his deadline and there is more than $ 5500 worth of work left.
if the plaintiffs attorney looks at my net worth and sees liens all over my properties: I am less of a prey to them... so a settlement is an option they most probably be advising their clients.
@Jennifer Dean You Said «What I'm wondering is if it would be worth it to place a lien on my property in lieu of a high down payment?»
What I'm wondering is if it would be worth it to place a lien on my property in lieu of a high down payment?