Ohio sells tax liens to private individuals, which can later be foreclosed upon. When they are foreclosed upon any excess funds are recoverable as “overages” from the county treasurer which is the party who holds them. The excess funds one needs to ...
Typically an asset with a lien cannot be moved into a trust unless the trust will continue making payments on the loan. Both a vehicle and home can be sold with liens attached to the asset. NOTE: A mortgage is not a lien, no lien is placed until a ...
First, the bank’s balance sheets see second-lien position loans as high risk and are exponentially more likely to issue a freeze or pay in full call on the loan. They have no guarantee of collateral rights (the home) and therefore they cannot ...
We suggest at least 10% down to obtain the best terms and widest selection of banks; however, the strategy can still work with little or no equity. The only difference would be the use of a second-lien position HELOAN rather than a first-lien ...