Sentences with phrase «half of the escrowed funds»

After release of the escrow funds, the Company has remaining claims of approximately R$ 2.8 million that will be pursued against assets held by the defendants in Brazil

According to FHA.gov, you may be required to furnish «mortgagor's acknowledgement of satisfactory completion... mortgagee's inspection report (s), change orders, mortgagee accounting of the escrow funds, and record of disbursements.»

Tax and insurance bills should be sent to the lender who will pay them out of the escrow funds collected.

If one recipient of escrow funds lets you know that a payment is overdue, call the others that are supposed to be paid from your escrow account — for example, state or county governments for property taxes, insurance companies, or homeowners associations — to make sure the funds are being transferred in a timely way.

Your lender compares what you pay into escrow against actual and projected costs for taxes and insurance, and provides an annual accounting of escrow funds collected and spent.

Acknowledgement of the transfer - of - ownership and release of the escrowed funds — when the transfer of the policy's ownership is completed and recorded by the insurance company, the insurer sends confirmation to the client and the life settlement provider (the new policy owner).

We have also represented real estate agents accused of unethical conduct in the listing and sale of real estate before the Department of Consumer Protection — Real Estate Division, insurance brokers accused of improper handling of escrow funds before the Insurance Commission, and various other professionals before the State Architectural Licensing Board, the State Board of Examiners for Professional Engineers, the Banking commissioner, and the State Board of Examiners for Nursing.

The Sellers» attorney sent a letter to the Licensee requesting the release of the escrowed funds.

Looking at the relevant law, the court found that a writing delivered to the escrow agent by the party's attorney is sufficient to authorize the release of the escrowed funds.

The Creditor sought entry of a judgment that the Creditor was entitled to recover the amount of the escrowed funds from the Brokerage.

The real estate transaction closed, and the Brokerage retained the entire amount of the escrowed funds as its commission.

The contract, along with any additional instructions, serves as instructions for the escrow officer in terms of accounting for Escrow and release of Escrow funds.

Escrow Disbursements The use of escrow funds to pay real estate taxes, hazard insurance, mortgage insurance, and other property expenses as they become due.

The escrow agent can utilize a general escrow account, provided that the escrow agent's books of accounting and banking records shall accurately show the allocation to each owner of funds that are deposited in the escrow agent's special bank account and all transactions related to the receipt and disbursement of escrow funds.

The escrow instructions in the purchase agreement stated that if the conditions for release of the escrow funds were not complied with, the escrow agent was to wait until such conditions were complied with unless one of the parties made a written demand for cancellation of the escrow and the distribution of the escrowed funds.

189 DOS 99 Matter of DOS v. Naftal - listing agreements; deposits; unauthorized practice of law; vicarious liability; amendment of pleading to conform to the proof; improperly altering listing agreement without the consent or knowledge of principal to show the potential commission split with buyer's broker to meet MLS requirements; preparing and submitting fraudulent MLS change notifications purporting to extend and alter listings; deposit of escrow funds into operating account; preparation of lease constitutes the unauthorized practice of law; pleadings may be amended to conform to the proof and encompass a charge not stated in the complaint where the issue has been fully litigated by the parties and is closely enough related to the stated charges that there is no surprise or prejudice to the respondent; continuing to offer properties for sale after preparation of forged listing extensions violates 19 NYCRR 175.10; DOS fails to establish violation of 19 NYCRR 175.12 for failure to provide copy of listing extension where extension was not authorized by principal; DOS fails to demonstrate demand for unearned commission where broker may have believed they were entitled to a commission; broker's licenses suspended for one year and thereafter until such time as restitution in the amounts of $ 5,000.00 and $ 2,055.40 is made

Not exact matches

Interest earnings on the escrowed funds accrue to the benefit of your company.

«The problem is, with credit cards, a lot of times your funds can be locked up for a week or more and there held in a sort of escrow in case someone requests a chargeback,» says White.

The escrow target is the amount of capital a startup will need to raise in order for the round to be deemed successful and for a company to be able to close on funds committed by SeedInvest investors.

a municipal bond that is secured by an escrow fund; the escrow fund comes from the issuer floating a second bond issue and using the proceeds from that second bond issue to purchase government obligations, typically U.S. Treasuries, proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to pre-refund that issue; bond issuers will typically do this during times of lower interest rates to lower their interest costs

If funds have not been held in escrow, then the investors may initiate wire transfers directly to the company after filing of the Certificate of Incorporation and the financing is deemed closed when the company has received the funds.

Once company counsel receives confirmation of filing of the Certificate of Incorporation, the financing is deemed closed (assuming that funds are held in escrow with company counsel).

He shared examples such as eSports and trustless betting, where smart contracts are used to control wagered funds and then self - executes to distribute winnings without a need for an escrow agent, and tokenization of in - game money and items.

Escrow All the funds received during the period of ICO i.e. during July 15, 2017 to August 31, 2017 will be sent to and maintained in the specified escrow services for safe - keeping and contingent distribEscrow All the funds received during the period of ICO i.e. during July 15, 2017 to August 31, 2017 will be sent to and maintained in the specified escrow services for safe - keeping and contingent distribescrow services for safe - keeping and contingent distribution.

Smart contracts are the digital equivalent of holding money in escrow with a third party, with the intention of releasing the funds some time in the future.

After completing the necessary processes with the California Courts to enforce the judgment, the Company has received and presented definitive legal documents from the California Court to the escrow agent at the bank clearing the way for the release of funds and expects that the US$ 1.9 million will be released to the Company before the end of the month.

This release contains forward - looking statements, including, but not limited to, statements about RiceBran Technologies» expectations regarding recovery of funds from an escrow account related to the 2008 purchase of Irgovel.

Mount Snow, VT. — Dec. 13, 2016 — Peak Resorts, the parent company of Mount Snow, announced today, Dec. 13, 2016 the release of $ 52 million in EB - 5 funding from escrow.

The Real Estate Board of New York has attacked a bill supported by many tenant advocates that would require landlords to put tenant relocation funds into escrow while repairs to unsafe buildings are made.

The funds are being held in an escrow account pending a resolution of the dispute.

After he was appointed acting president of the cemetery, located at 122 Arthur Kill Rd., Griffin made wire transfers from the cemetery's account to replace his client's escrow funds, Schneiderman said.

The evidence at trial and publicly filed documents in the case established that, among other things, Sampson, as an attorney practicing in Brooklyn, embezzled funds he held in escrow from the sale of real estate properties.

On May 6, Sampson was accused by federal prosecutors of embezzling $ 440,000 in escrow funds he was responsible for handling as a court - appointed mortgage foreclosure referee, starting in 1998.

If the developer, which is run by hockey legend Mark Messier, is unable to get the full funding, the lease will remain in escrow and the fate of the development remains uncertain.

In December, he paid $ 1.5 million to extend the deadline another six months and he also agreed to allow the city and Onondaga County to grab $ 4 million from an escrow fund that he had to begin contributing to this year — $ 4 million that otherwise could be used for future expansions of the mall.

In the wake of state Senator John Sampson's indictment over the alleged embezzlement of escrowed foreclosure funds, a new rule in Kings County Supreme...

· A memorializing resolution expressing support for the Legal Aid Society of Rockland County's continued control of its funding through escrow interest accounts

He, however, declared the payment of $ 1.092 billion in the Malabu oil deal into an escrow account at JP Morgan, London, by the former ministers as fraudulent, stressing that the money should have been paid into the Federation Account or the Consolidated Revenue Fund.

More than likely those incoming funds are automatically deposited by the publisher / vendor into an interest paying escrow account from which royalties will eventually be distributed by the publisher / vendor according to their royalty payment schedule — the publisher / vendor is already benefiting from their share of the income from the transaction.

If there are not enough funds in the escrow, you may need to add funds from a source other than the loan or provide proof of payment to the builder.

With a conventional loan, approval can take months and the lender may pull out funding any time before the close of escrow.

But the rest of the funds have to stay in escrow subject to the IRS tax lien.

Escrow companies coordinate all of the paperwork for closing, as well as the distribution of funds.

The homeowner is responsible for depositing funds into the mortgage escrow account on a monthly basis as part of the mortgage payment arrangement.

A portion of the loan proceeds are used to pay off the existing mortgage, and the remaining funds are placed in an escrow account and released as rehabilitation is completed.

For this reason, third party service companies have taken on the role of debiting a borrower's account every two weeks, escrowing the funds and making a monthly payment to the lender with a notation that any excess funds be credited to principal only.

If you accept our offer, we'll then fund your loan through escrow in a matter of days, not weeks.

The mortgage escrow company / agent will make sure that all of these contract stipulations are met, before releasing funds on closing day.

On one hand, the escrow account protects the buyer and seller by ensuring the proper collection and distribution of funds at closing.

After all renovation work is complete, any remaining funds in the renovation escrow account will be used to pay down the principal balance of the mortgage.