Sentences with phrase «liability on the borrower»

That was reinforced by the fact that cl 4.5 referred not only to the borrower's «remaining liability» but also to «any liability on a Borrower under that Borrower's Consumer Credit Agreement.»

Not exact matches

According to the HUD handbook, the borrower's «total fixed payment» includes the monthly mortgage payment (with property taxes and home insurance), along with the monthly obligations on all other debts and liabilities.

With fewer claims being made on their reserves, some of their reserves that were previously «desired reserves» are now seen as «excess reserves,» and Banking Rule # 1 is in play: these now excess reserves can be lent out in the form of a larger supply of bank liabilities (most likely in the form of new deposits granted to borrowers).

If a short sale is successful, it usually ends with the release of the borrower from liability on any remaining mortgage debt left outstanding, however this is not always the case.

On the other hand, because you now have a clean slate upon which to write your financial future, other creditors see you not as a liability to be avoided, but as a borrower who has no outstanding debt.

• Mortgage Payment on the destroyed residence located in a PDMDA excluded from the borrower's liabilities IF borrower obtains information that the Borrower is working with the servicing Mortgagee to appropriately address their mortgage obligation; and apply any property insurance proceeds to the Mortgage of the damageborrower's liabilities IF borrower obtains information that the Borrower is working with the servicing Mortgagee to appropriately address their mortgage obligation; and apply any property insurance proceeds to the Mortgage of the damageborrower obtains information that the Borrower is working with the servicing Mortgagee to appropriately address their mortgage obligation; and apply any property insurance proceeds to the Mortgage of the damageBorrower is working with the servicing Mortgagee to appropriately address their mortgage obligation; and apply any property insurance proceeds to the Mortgage of the damaged house.

FHA has traditionally been more lenient with reverse mortgage borrowers, but current economic conditions coupled with FHA reserves falling below mandatory levels casts a spotlight on the potential for more liability if reverse mortgage borrowers don't keep their taxes and insurance up to date.

The central banker also warned against taking comfort in statistics that show, on average, growth in Canadians» assets are vastly outpacing their debts, pointing to other countries whose banks made the «classic mistake» of lending based more on borrowers» assets than their liabilities.

While the credit is «non-refundable,» it would decrease a borrower's tax liability on a dollar - for - dollar basis.

Although applicants don't have to endure a traditional loan application process based on their credit scores and histories, they do have to undergo a financial «assessment» to verify their assets and liabilities and determine if the borrowers» current financial situation is sustainable for the foreseeable future.

«The student loan interest deduction lets borrowers deduct up to $ 2,500 a year in interest on federal and private student loans, reducing your tax liability by a few hundred dollars,» Kantrowitz said.

Tax debt attorneys provide audit representation, negotiate payment plans on behalf of their clients, and help borrowers settle their tax liability through an offer - in - compromise or for a fraction of the debt.

It is really a business decision for the lender to determine whether it would receive more money by accepting the Farmington Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Central Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

Especially pertaining to the high net - worth world, the borrower's lifestyle, assets, credit history and income potential should follow a similar patterns of others who take on the liability of large mortgage debts.

It is really a business decision for the lender to determine whether it would receive more money by accepting the Minnesota Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

A Mortgage Tax Credit offers additional income for first - time homebuyers by cutting down on the amount of federal income tax liability that the borrower owes.

This is because lenders are basing the new housing payment on the new property tax liability, while borrowers are still basing their housing payment on the seller's property tax liability (that is too low).

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Louis Park Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)

Some borrowers are expected to decline such an «offer of mortgage debt forgiveness» because of significant tax liability on phantom income — and receiving a 1099 from the lender for the amount of the debt forgiveness.

It is really a business decision for the lender to determine whether it would receive more money by accepting the St Paul Daytons Bluff Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)