Sentences with phrase «clear ownership of the home»

Your lender will obtain and examine a title report to confirm the seller has free and clear ownership of the home and can rightfully transfer ownership to you.

Not exact matches

The closure of Parable really drives home the fact that there is no clear path of ownership when you purchase eBooks.

Be careful about the time trap in refinancing... If you go from an original 30 year fixed with 27 yrs left to pay and then you refinance into a new 30 year fixed, you basically lost those 3 years of payments and the clock to free and clear home ownership starts over again.

Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.

One of the primary findings of research conducted by the University of Queensland in 2001, which considered the outcome of previous home ownership schemes such as Katter leases (see Text Box 4.3), was that it is «certainly clear that it will not be possible to simply transpose mainstream home ownership models» onto Indigenous communities.

Any home ownership scheme needs to have a clear set of aims.

Any home ownership scheme that is facilitated in the IEDS should be underpinned by principles including providing the community and participants with clear and appropriate information, such as economic modelling, reports on the condition of houses, financial planning and legal advice.

For real estate lawyers, the reason for verifying home ownership information is clear: the real estate lawyer is charged with the task of closing the legal aspects of the real estate transaction, including transferring title.

«Despite the economic setbacks Americans have experienced in today's current climate, it is clear that a strong majority still believe in home ownership and aspire to own a home,» said NAR President Ron Phipps, broker - president of Phipps Realty in Warwick, R.I. «However, achieving the dream of home ownership will become increasingly difficult for buyers if they are required to make a 20 percent down payment, which may be a reality for many of tomorrow's buyers if a proposed Qualified Residential Mortgage rule is adopted.

In a perfect world, no one would sell a home without triple - checking that they had free and clear ownership of the property and could transfer the clean title over to you.