Sentences with phrase «maintained by the homeowner»

Property taxes must be paid and maintained by the homeowner.

Ownership is limited to the interior of the condo — land and common areas are typically governed and maintained by a Homeowners Association (HOA).

Fortunately, the break occurred on land maintained by the homeowners association.

Not exact matches

Homeowners in the subdivision would create an association to maintain common areas, including a 10 - foot - deep retention area surrounded by a 5 foot safety ledge, Ricely said.

Homeowners age 62 or over can apply for a reverse mortgage, a loan that allows them access a portion of their home equity while staying in their home and maintaining the title.4 The loan works by allowing seniors to borrow against the value of their home and defer mortgage payments until after the last remaining occupant has moved out or passed away.

Additionally, the house must access a hard - topped road that is maintained by a town or homeowners» association.

Therefore, it is the borrower's responsibility to keep the home maintained with basic repairs, as well as ensure the home is protected by homeowners insurance, just as you would need to with a traditional mortgage loan.

The financial responsibility of maintaining a household can take new homeowners by surprise.

The loan obligations require the borrower to pay for their own homeowners» insurance, property taxes, and maintain their home in accordance with guidelines mandated by the Department of Housing and Urban Development.1 As long as these terms are met; monthly mortgage payments are not required.

• Unlike in the U.S., underwriting standards for qualifying mortgage borrowers in Canada have been maintained at prudent levels resulting in mortgage borrowers here being much more creditworthy; • Canadian mortgage lenders never offered low initial «teaser» rate mortgages that led to most of the difficulties for mortgage borrowers in the U.S.; • Most mortgages in Canada are held by their original lender, not packaged and sold to third parties as is typical in the U.S., and consequently, Canadian mortgage lenders have a vested interest in ensuring that their mortgage borrowers are creditworthy and not likely to default; • Only 0.3 % of Canadian mortgages are in arrears versus 4.5 % in the U.S. and what even before the start of the U.S. housing meltdown two years ago was 2 %; • Canadians tend to pay down their mortgage faster than in the U.S. where mortgage interest is deductible from taxes, which encourages U.S. homeowners to take equity out of their homes to finance other spending, a difference that is reflected in the fact that in Canada mortgage debt accounts for just over 30 % of the value of homes, compared with 55 % in the U.S.

If you're a homeowner, for example, you might tap the equity in your home for retirement income by downsizing to a smaller, less expensive house that's also less costly to maintain or by taking out a reverse mortgage, which can provide regular income, a reserve of cash you can dip into when necessary or both.

Other inspectors, real estate agents / brokers and consumers maintain that licensing elevates the profession and safeguards homeowners by codifying minimum standards, mandating training and / or background checks and setting a baseline for what an inspector is responsible for.

Our Homeownership Assistance Program is designed to help eligible homeowners from going into foreclosure by maintaining a monthly payment on their mortgage.

Modifying the terms of a mortgage loan can help homeowners maintain their payments by eliminating rapid rate increases, negative amortization and other «exotic» terms that can make it difficult for homeowners to make payments once the initial period of very low payments expires.

Owners of dangerous dogs could face dramatically higher fines and be required to maintain up to $ 1 million in homeowners insurance under proposals the Brevard County Commission will consider today.Spurred by recent dog attacks that nearly killed a woman and injured a child, commissioners asked animal experts to propose new fines and help toughen the county's animal control ordinance.The proposed fee increases target all irresponsible pet owners, from those who fail to vaccinate their pets to owners whose dogs are involved in severe attacks.

However, The Earth Room, maintained by the Dia Center, has the summer off, presumably so as not to shame homeowners sloppy about tending their own lawns on hot days.

c) home owner will maintain themselves, which consists of annual wash to get any dust / droppings off d) doesn't require a discount rate because homeowners generally don't think about «payback» periods for renovations, new kitchens / bathrooms, holidays, new TVs, etc. and in this case they are hedging against future electricity prices by locking in their prices for 20 - 30 years.

An additional $ 200,000.00 was paid by the local homeowners association for failure to properly maintain the roadway.

This can be a source of great consternation for many homeowners, since what's considered properly or improperly maintained is arbitrary; even if you've inherited a household full of older appliances, your provider may still refuse to honor the warranty if, for example, the hot water heater or fridge were mistreated by the home's previous owner.

Insurance expert with InsuranceHotline.com, Anne Marie Thomas, said homeowners who failed to regularly maintain the roof of their home may struggle to get 100 per cent of the damage covered by their insurance company.

Rather than skimp on your auto insurance coverage to save money, try achieving an affordable full - coverage premium by maintaining a good driving record, raising your policy deductible and combining your auto and homeowner's insurance policies with the same insurer.

Other discounts on insurance premiums are sometimes given by providers to homeowners over age 55, those who remain claim - free for a number of years, or those who maintain a high credit score.

Pulte Homes Corporation, Las Vegas • NV 2005 — 2009 Customer Relations Manager Accountable for maintaining positive homeowner relationships by providing quality customer service.

As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America's 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, the National Association of Realtors ® said in testimony today.

A federal court has considered whether a homeowner could maintain a lawsuit against property manager based on the federal Fair Housing Act («Act») for the property manager's failure to protect the homeowner from an allegedly racially hostile atmosphere created by a neighbor.

They are charges paid to the Homeowners Association by the owners of the individual units in a condominium or planned unit development (PUD) and are generally used to maintain the property and common areas.

Therefore, it is the borrower's responsibility to keep the home maintained with basic repairs, as well as ensure the home is protected by homeowners insurance, just as you would need to with a traditional mortgage loan.

In the first quarter of 2012, 79 percent of homeowners who refinanced their first - lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying - in additional money at the closing table.

The homeowner also plays an integral role by maintaining the environment we require, so the flooring product performs as expected.