Sentences with phrase «appraised value of the building»

Not exact matches

When borrowers request a loan for an amount that is at or near the appraised value, and therefore a higher loan - to - value ratio, lenders perceive that there is a greater chance of the loan going into default because there is little to no equity built up within the property.

Two members of the state Building Commission sent a letter to a top state official Wednesday reminding him of his duty to provide appraised values for state property that could be up for sale.

The companies entered a Syndication Agreement which contained a sale mechanism giving a majority of the investors the right to sell the building subject to a right of first refusal of any dissenting investor to purchase it at a professionally appraised value.

Older Home Policy, also known as HO - 8 or the Modified Coverage form, is designed for older homes and historic homes where historic aspects and some structural peculiarities of the building make its replacement cost considerably higher than the appraised value of the house estimated on the basis of the present day market value of the materials.

Essential work responsibilities of a Director of Sale include analyzing sales trends, setting sales objectives, developing sales strategies, researching supply and demand, appraising job results, building strong customer relationships, executing strategic plans, defining value propositions, determining business needs, and setting the strategic direction of accounts.

They would then sell them to the school system or city for 80 percent of the appraised value, while the local governments would build and operate the facilities.

Lenders can typically obtain FHA mortgage insurance for 96.5 % of the appraised value of the home or building.