Sentences with phrase «less than the value of the house»

Not exact matches

The difference can be traced to real estate market trajectories: Over the past decade, while housing bubbles percolated through much of Europe and in North America, home values rose less than 3 % in Germany.

This trend suppresses the demand side of the housing market, while the supply - side has been hindered by builders eschewing starter homes and moving up the value chain, as evidenced by the fact that the average size of a new single - family home is almost 2,700 square feet today, versus less than 2,100 square feet a quarter century ago.

The exception is homeowners who were forced to purchase taxpayer - backed mortgage default insurance from Canada Mortgage and Housing Corp. (CMHC), or its main private sector rival Genworth Canada, because they put down less than 20 per cent of their home's value.

It is important to note that this point that the amount offered will be less than the market value of your home, as quick property buying forms look to make a profit when they sell the house on.

ZIP Code areas with less than a 10 % change in quantity and median home values below 75 % of the within - metro median (across all ZIP Code areas within the metro) are labeled as having legacy housing supply that exceeds current demand.

Since that pastor has to pay the full 15.3 % for social security with no help from the church on not only the $ 25K but also on the value of living in the house his cash income was just reduced to less than $ 18K.

«The life of a black man was valued less than that of a cat or dog,» said Ms. Barron, whose district covers the public housing development where Mr. Gurley lived.

White House Down ends, customarily, with a pileup of maudlin melodrama, in which Cale's demonstration of his value as a dad is deemed no less important than — indeed, is largely synonymous with — his ability to save the world.

The amount you owe on your first mortgage is about the same or slightly less than the current value of your house.

Do you believe that the amount you owe on your first mortgage is about the same or less than the current value of your house?

If the value of that house fell by 20 % it would be worth $ 600,000, or $ 50,000 less than what you originally borrowed to buy the home.

If you have less than $ 22,975 (using federal exemptions) or $ 75,000 (using Wisconsin exemptions) of equity in your home (value of the house — amount owed on all mortgages = equity), and are current on your mortgage payments, you can usually continue to make your mortgage payments and keep your house in a Chapter 7 bankruptcy.

While the housing market has recovered in many locations and more homeowners return to positive equity every month as values rise, there are still plenty of homeowners who are under water on their mortgages and even more who have less than five percent in home equity.

However, you may be liable for these taxes on a house worth less than the limit if the combined value of all the original owner's assets — including not only the house but also hard cash and investments — exceeds $ 5.49 million.

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD / FHA or VA requirements a written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender, setting forth the appraised value of the property of not less than $.

We are now at the end of escrow with one hurdle left... the appraiser has to clearly let the lender know why we are purchasing this house for so much more than the listing price (Countrywide would not accept our first offer @ 70k less than the appraised value) but our offer was accepted at 25k less than the appraisal.

so while the house may go up less than the shares, you can own more value of the house and thus have a bigger asset base going up.

I bought a house that I am renting to a relative for less than the market value (she's paying about 75 % of the rent market value from my appraisal, and not paying for utilities or anything else, so I'm losing around 40 % per month).

There are plenty of good answers here already but there's something that should probably be noted: an increase in value of your house is less certain than an increase in the value of your investments.

Unfortunately, there has become an institutionalized attitude of not taking simple protective measures that would likely be less than 5 % — 10 % of the house value and instead relying on the concept of someone else is responsible to come in and prevent it from burning.

Accordingly, the Court of Appeal concluded that s 339 (3)(a) did not apply because consideration for the transfer existed (the extinguishing of further claims by W), and s 339 (3)(c) did not apply because the value of that consideration was not less than the value of the interest in the house that was being transferred by the husband.

When buying a home, the insured value of the house will be less than the market value.

The estimated median home value is about $ 357,000, slightly less expensive than in Queens and well into the realm of «affordable,» as housing in NYC goes.

On the plus side, this type of Cold Spring Park renters insurance will cost a bit less than another type of coverage on a rental unit, whether it's an apartment or a house, so if you're having trouble fitting this type of policy into your budget, look at actual cash value options.

«With more than 60 percent of all households sheltering a pet and many with less - than - diligent housekeeping practices, the collective impact of malodors on housing resale values is worth looking into,» John Heffron, a Thornell spokesman, tells REALTOR ® Magazine.

Among the last generation of hot housing markets such as Orlando, Riverside, CA, Phoenix and Miami, less than 10 % of all homes have regained their 2007 peak value.

However, if you put down less than 20 percent of the full purchase price on either loan, you are required to also buy mortgage insurance, called PMI on conventional loans and MIP on FHA loans, which generally adds between.5 and 1 percent of the loan amount onto your house payment annually until your loan is 80 percent or less of the value of your house.

ZIP Code areas with less than a 10 % change in quantity and median home values below 75 % of the within - metro median (across all ZIP Code areas within the metro) are labeled as having legacy housing supply that exceeds current demand.

The basis for depreciation on the house is the fair market value on the date of the change ($ 147,000), because it is less than your adjusted basis ($ 164,000).

Newport Beach had fewer distressed properties and foreclosures than other areas of Orange County during the housing slump from 2007 to 2011 — and real estate values remain stable at Newport Beach and less volatile than other areas.