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The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.
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What is a mortgage lien?
Mortgage Lien - Is a legal claim against a mortgaged property that must be paid or assumed when the property is sold. The person who has the lien on the property can claim the property if the loan defaults. The mortage lien typically belongs to the lender in order to secure the mortgage loan.
Can the creditor attach or 'take' other property to satisfy deficiency?
James, don't know what state you are in But unless your state prohibits it, YES. The lien will "attach" to the property and when she gets ready to sell it, lien will have to be satisfied first. NO.They can only go after what property was secured by the loan.
Can creditors put a lien on a deceased property if there is no will?
The existence of a will has no bearing on whether or not they can place a lien. If they have a legitimate debt and a judgment, or an agreement in the loan regarding a lien, they can place the lien on the property or the estate.
Which of these is a lien on the property that secures the promise to repay a loan?
mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What is a lien on the property that secures a promise to repay the loan?
Mortgage
How do you find out if a property has a loan on it?
The deed is filed in the county courthouse. There will be a lien filed against it if there is a loan.
Can you transfer the lien from your home equity loan to another property you own?
No, you cannot "Transfer" the loan. But you can take out a loan on the other property and use it to pay off the first.
Can a lien on a home for unpaid personal loan be filed without notice of property owner?
When you say "property owner," I assume you mean real property, and further assume this issue arises in the USA.Because the state law implicated in your question is not identified and there are not enough facts laid out, let me ask you this:1. was there a written loan agreement?No2. has a lien been obtained against you, or do you fear that one will be gotten against you if you make a loan and default?No3. what state is this in?N.J.
Can you get a home equity loan on your rental property?
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
What is the purpose of a lien when you get a secured loan?
To let lenders take back property they financed if you don't repay your loan
