equity mortgage universal

converters equity mortgage universal manufactured

rates have enabled Californians to save millions of dollars by refinancing their mortgages. But what few homeowners realize is that refinancing exposes them to greater losses if lenders foreclose on their property. As long as homeowners equity mortgage universal their original mortgage, a little-known state law prevents lenders from going after more than just the home. Refinancing frees lenders to go after cars, savings and brokerage accounts, unrelated real estate holdings and other assets to make up the difference -- even if it equity mortgage universal a decade or more to square the debt. The risks are small when home values are zooming as they are today. But some experts warn that could change equity mortgage universal the state's housing market stumbles or if there is a major natural disaster, such as an earthquake. Lenders also will get more leverage starting today because sweeping changes to federal bankruptcy laws make it much harder for Americans to wipe out debts in court. A mechanics lien is a hold on real property for the benefit of someone whose work or equity mortgage universal improves the property. It is called by various names, including materialman's lien, supplier's lien, laborer's lien and others. Through "perfecting" a lien, the technical term for establishing a mechanics lien, the owner's title to the property suffers an interference that will have to be addressed before the owner can restore clear title. Generally, a lien would only arise if there is a payment equity mortgage universal although some states (e.g. California) require pre-lien notices at the beginning of a project. Since real property ownership is mostly a function of equity mortgage universal law, establishing a mechanics lien is mostly a process governed by state law, in particular a mechanics lien statute. The process for perfecting a mechanics lien varies significantly from state to state. However, common parts of the process of perfecting a mechanics lien include notice to the owner and equity mortgage universal other persons or entities involved in the construction project, and also the drafting and filing of a document with the government office that records deeds or titles to land. Mechanics liens are also sometimes known as contractors