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It sounds good but think about it. Do you think lenders will loan money knowing if the debtor defaults, they cant get any money from the loan? Check this link... http://www.scbar.org/public/probono.asp

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โˆ™ 2015-07-15 18:37:04
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What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

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Q: Can the lender put a lien up against property or take a percentage of your taxes in South Carolina?
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Related questions

What is a legal document giving the lender a claim against the property?

mortgage


Can a lender take legal action against the homeowner?

It's called repossession. The lender owns the property, the homeowner is making payments.


What happens if a farmer could not make his mortg age payments?

The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.


What happens if a piece of property you purchased by quit claim deed has a mortgage against it?

You must pay the mortgage or the lender will take possession of the property by foreclosure.


How do you open an equity line?

To open an equity line of credit you need to discuss your needs with a lender. The lender will then obtain your information and run a credit check. If you pass the credit check, the lender will then make sure your property is free and clear of any judgments and/or liens. After the property is found to be free and clear, the lender will allow you to take out an equity line of credit loan against the property.


What is a UCC 1-308 Form?

It is a form showing that the lender on the property has a lien against the property until it is paid in full. The form is for personal property only, not real estate


What is the purpose of a title search?

To determine the owner of the property, the liens on the property and the judgments against the owners that may attach to the property. It is done to assure the buyer and/or the lender that the title is clear and marketable.


Can a lender put a lien on the borrower property?

Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.Yes. In the case of real property the lender always records some sort of lien on the property in the land records that allows the lender to take legal possession of the property if the note isn't paid.


Where is the best place for a secured loan?

A secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you. The amount that can be borrowed differs from lender to lender and your individual circumstances.


What happens if you can't pay your second mortgage?

The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.


What will happen if you stop making your mortgage payments?

The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.


Can a second lender on a property stop the sale?

A second lender (junior lienor) must be paid off if the property is being sold.A second lender (junior lienor) must be paid off if the property is being sold.A second lender (junior lienor) must be paid off if the property is being sold.A second lender (junior lienor) must be paid off if the property is being sold.

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