Sentences with phrase «consider debts on a property»

Private lenders consider debts on a property and not credit score when considering loan applications.

Not exact matches

These lenders consider the existing mortgages on the property and they do not give a mortgage if your property has too much debt.

Private lenders usually consider the safety of their investment and they will not give you a mortgage if the debt that you have accumulated on the property is too high.

Consider this: after purchasing a house and taking on a mortgage, you indeed have debt — but, (1) it is long term debt, not short term debt, with more time to pay it down; and (more importantly)(2) you now also have equity — the house and property itself (which has value that hopefully will increase over time — tax free).

If you're purchasing in one of the nation's nine community property states, lenders can consider your spouse's credit and debts even if he or she won't be on the loan.

On the other hand, mortgages or home loans, auto loans, and the like are considered secured debt, meaning there is a specific piece of property that can be collected if you fail to pay your lender.

Filing personal bankruptcy means giving up everything you own (except for property that is considered exempt, such as basic clothing and household goods, and other items depending on where you live), in exchange for the elimination of your unsecured debts.

Unlike common law states, community property states consider debt taken on during the marriage community property (or property of the couple), regardless of whether both parties signed for the it.

Courts may consider the amount of money owed on a loan when dividing the property attached to it and balance the value of any remaining assets you receive with the total debt the court assigns to you.

For example, although both parties may want the divorce, the divorce is considered contested if there are still disputes over what time the children should spend with each parent; or if the spouses have not reached a final agreement on the amount or duration of alimony; or if there remain disputes over distribution of property or debt.

Debts are also considered marital property and the court must assign liability to each party, depending on that party's ability to pay.

I've been looking at data about how deflation can eat away equity and cash flow on leveraged properties and I'm currently considering liquidating some properties to free up cash that I could use to either pay off debt in case of deflation, and / or increase my portfolio in a down turn; laying low on buying right now.