Donna Drake
Won house at auction!
21 December 2010 | 8 replies
In most states, the public auction clears out any junior liens, but there are exceptions such as tax liens, which typically will continue to be in effect after the auction"They are transferring title via SPECIAL WARRANTY DEED, rather than TRUSTEE DEED,so there's this:Special warranty deed Arizona and junior liensArizona Revised Statutes33-402, Forms for conveyances; quit claim; conveyance; warranty; mortgage .... 33-723, Right of junior lien holder upon foreclosure action by senior lien holder ... 33-730, Limitation on deficiency judgment on mortgage or deed of trust as .... 33-1226, Easement to facilitate exercise of special declarant rights ...www.azleg.state.az.us/arizonarevisedstatutes.asp?
Martin Brady
NJ Tax liens - Buying
3 October 2020 | 10 replies
However, they have the option to pay off subsequent (newer) liens at any point and would roll the redemptive value of the subsequent lien into their lien.You can negotiate a discount with another lien holder to buy the lien (at a discount or a premium), but you cannot negotiate with the tax collector for a discount on the payoff of a lien (either as the homeowner or another lien holder).
Jorge Acuna
Renting to Veterans with the HUD-VASH Program
6 March 2020 | 1 reply
HUD will not lower the voucher holders payment because they are being garnished, so if this happens it is highly likely the tenant will get behind on rent.
Account Closed
My attempt at a probate deal..
31 July 2015 | 11 replies
if it is a small asset holder try giving them a call it is worth a shot see also if you could call the probate lawyer first
Kevin Starr
How to Partner With Other Investors on Buy/Hold Rental Properties
10 September 2014 | 7 replies
@Kevin Starr The LLC can't get the loan, unless it was a business loan, so an individual would be the holder of the note.
Jason Turo
Vacation rentals - secondary marketing
21 February 2020 | 4 replies
I did build a website of my own but it's more of a place holder than an actual marketing engine.
Hament Raju Mahajan
Inter Creditor agreement between 1st and 2nd lien Private Lender
6 August 2014 | 5 replies
Why would a first mortgage holder even consider such a concession?
Stephen E.
Bank Sale - Second Mortgage Issue
1 March 2014 | 5 replies
The schedules and conditions from the bank make it pretty clear that if a second mortgage holder were to pay off the first mortgage holder they could take over the property at any time up until the date of closing, which is in late March.
Geoffrey Lessel
Turning a 2nd lien into a 1st when selling the note?
20 February 2015 | 13 replies
A note holder does not convey title, that is already held by the borrower, the note holder has a lien and upon full payment they release the lien.
Jeff Takle
Using a Solo 401(k) to protect real estate profits
2 January 2012 | 10 replies
I'm certainly no expert on retirement plans and their legal implications, but it sounds like in this case, your retirement plan would be directly benefiting you as interest-holder in your business (since it's reducing the business' debt), which would violate the basic tenet that there can't be any benefit derived by/from the plan.Again though, I'm not an expert, so it's quite possible I'm missing something...