Sentences with phrase «additional loans on the property»

In the next few steps you'll provide your ZIP code and details about the estimated value of your home, your remaining loan balance, whether or not you have additional loans on the property, whether you want to borrow additional cash, and how long you plan to own the home.

Not exact matches

Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).

This can be a good thing because the homeowner does not have to pay off a loan on a solar system they will no longer use, but it may cause buyers hesitation to take over a property with additional property assessments if they didn't want a solar panel system in the first place.

For homeowners who do not currently own the title on the property the lender or other financial organization which does, will normally require having homeowners insurance as well as additional coverage until the loan is paid in full.

Common exceptions for an additional FHA loan include a substantial increase in family size, vacating a jointly owned property, or cosigners with a non-occupying co-borrower status on another FHA mortgage.

Eligibility for the program is based on income, loan size is limited and borrowers may not own additional properties at closing.

Accident and Health Premium Acquistion Cost Addendum Addendum to Additional Commitment Affidavit Affidavit of Eligibility ALTA Amortization Amortization Schedule Annual Percentage Rate Application / FNMA 1003 Application for Assistance under Section 235 of the National Housing Act HUD form 93100 Application for Authority to Close Loans on an Automatic Basis (Nonsupervised) VA Form 26 - 8736 Application for Commitment for Insurance under the National Housing Act (HUD) HUD Form 92900 - 1, VA Form 26 -1802-a Application for Home Loan Guaranty (VA) Application for Master Conditional Commitment Application for Property Appraisal Commitment (HUD) HUD Form 92800, VA Form 26 - 1805.

But is it true that if you have rewritten your mortgage over the life of the loan and used any additional money taken on the property for anything else but home improvements this relief act does not apply or is reduced by that amount.

If the servicer starts to foreclose on your property, additional costs like attorneys fees, property title search fees, and other charges for mailing and posting foreclosure notices will be charged to your loan account.

To be more clear it is Not to buy new property, but for construction of additional floor in the same property on which the first loan was taken.

Even if you already have a mortgage on your home, the available equity on your property can be used to secure an additional loan with great terms: a home equity loan can provide you with significant amounts of money, a low interest rate and very flexible repayment programs.

A Foreclosure on your record would mandate a seven - year waiting period, three with extenuating circumstances but with additional restrictions as to the maximum loan - to - value allowed and occupancy of the property.

Depending on the type of loan you are applying for: Conventional, Jumbo, FHA, VA, & also the state and property type you are purchasing (i.e. Condos have some additional requirements) this process may vary.

«The court has determined that in the absence of additional security or assets pledged by a surety, it will not accept as security the Alexandria property that has already been pledged in its entirety as collateral for the loan on the Bridgehampton property,» the order reads.

Additional Named Insureds, such as Mortgagees, Leasing companies, banks for car loans, or any other person who has an insurable interest in the property due to having provided financing on the property.

An acceleration clause is a statement or a series of statements in a contract that allows the insurer or the lender to demand payment of the total balance or demand an additional payment due to breach of contract, bankruptcy, failure to make payments, and non payment of taxes on loaned property.

In the long run, it is fine, as it was over 6.75 % mortgage, I got my next property at the under - 4 property loan levels as paying it off brought me back to 3 mortgages, and I can always take a loan on it again, although that would mean additional costs to get my money back out, so probably won't.

The bankruptcy court ultimately approves the restructurings and General Growth continues to restructure loans on additional properties through the end of the year.

The equity position depends on the situation, or the loan, and then any additional money you'd have to bring to the table for whatever may happen is still less than had you bought the property outright.

Banks are typically averse to underwriting non-recourse loans as it means assuming more risk on their part as this type of loan only allows them to foreclose on the property in the event of a default, and does not allow them to seek additional money from the borrower if the proceeds from the foreclosure are less than what is owed on the loan.

The Investor will also incur additional title insurance, environmental, loan, legal, property, casualty and liability insurance, and escrow / closing costs depending on the structure of the Reverse Exchange.

Co-Borrower An additional individual who is both obligated on the loan and is on the title to the property.

The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers.

Suburban REALTORS Alliance Position The Alliance is opposed to increases in the current transfer tax for the following reasons: 1) As the transfer tax is levied only on buyers and sellers of property, the burden per taxpayer is greater than the burden from a more broad - based tax designed to generate the same amount of revenue; 2) Since public transportation is a benefit that is open to all members of society, the charge should not be placed solely on buyers and sellers of property; 3) The transfer tax adds additional burdens on first - time home buyers saving for a down - payment and covering the closing costs and runs contrary to existing federal, state, and local programs including the mortgage interest deduction, low interest property maintenance loans, and grants to first time homebuyers; 4) A real estate transfer tax is a state and local tax assessed on real property when ownership of the property is exchanged between parties.

Strategic Storage Trust is finding more buys among distressed owners who face maturing loans on their properties and don't have the capital to put additional equity down for new loans.

Loans on properties in secondary and tertiary markets, loans on retail assets and loans on suburban office buildings will be among those most likely to need additional capital to refinance or face difficulty refinancing at all, according toLoans on properties in secondary and tertiary markets, loans on retail assets and loans on suburban office buildings will be among those most likely to need additional capital to refinance or face difficulty refinancing at all, according toloans on retail assets and loans on suburban office buildings will be among those most likely to need additional capital to refinance or face difficulty refinancing at all, according toloans on suburban office buildings will be among those most likely to need additional capital to refinance or face difficulty refinancing at all, according to RCA.

But is it true that if you have rewritten your mortgage over the life of the loan and used any additional money taken on the property for anything else but home improvements this relief act does not apply or is reduced by that amount.