mortgage lien


Also found in: Financial.

mortgage lien

A charge against property as security for the payment of a loan.
References in periodicals archive ?
I have an old paid-off mortgage lien that's still on county records.
In this suit, First Sentinel seeks a determination that its mortgage lien survived a nonjudicial foreclosure sale of the property and that tax liens against the property remain inferior.
The bonds are secured by a mortgage lien on The Buckingham's property, gross revenue pledge and series-specific debt service reserve funds.
We can identify whether the household changes address, remains in the same zip code, or moves to a new zip code, and whether it acquires a new mortgage lien. We interpret the absence of any mortgage lien associated with a different address as evidence that the household is renting.
Every Circuit Court of Appeals has extrapolated from Nobelman's ruling that a chapter 13 debtor may remove or strip off a wholly unsecured junior mortgage lien. (33)
(37) Moreover, when lenders foreclosed on a property, there was not enough equity in the property to satisfy both the mortgage lien and the association lien.
Manny notified Dodo by registered mail that he was selling the leased premises for P600,000, to be fully paid in cash less only the mortgage lien of P100,000.
Because the tax lien takes priority over the mortgage lien, a situation could occur where the value of the asset is diminished significantly due to the unpaid taxes.
[O]ur prior precedents in [McNeal] and [Folendore] dictated the conclusion that [section]506(d) allows a [Ch.] 7 debtor to void a junior mortgage lien when the senior lien exceeds the home's value....
On the other hand, if there is no excess equity beyond the amount due on the first mortgage, then the second mortgage lien may be modified by the Bankruptcy Court.
First Arkansas alleged that the law firm didn't disclose a $5 million first mortgage lien that First Federal Bank had on the bond issue.
Franklin Lender LLC, an entity that is owned and controlled by Israeli property firm Fishman Holdings of North America, was the only bidder and paid slightly less than the mortgage lien of $47 million, said Yehuda Mor, executive vice president of Fishman.

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