Sentences with phrase «mean property and debts»

Not exact matches

Low rates mean cheaper debt, which makes it easier for investors to buy commercial and residential properties.

STORE Capital actually source its debt from both unsecured bonds (which are BBB rated with a stable outlook) and on a non-recourse basis, meaning that its individual properties are collateral for loans taken to buy them.

In this case, underwater means the property is not worth the amount owed on the debt and the charter's ADM is not materializing as expected.

Now, if the debt is secured, meaning that there is personal property attached to the debt, then the lender can legally take possession of the collateral if this debt isn't paid and nothing is done about it.

A reverse mortgage loan is «non-recourse», meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

Most debtors have no nonexempt property, which means that they pay nothing to unsecured creditors and their debts are discharged.

This often means that your monthly income exceeds your living expenses, that you don't have any assets or property that could be used to pay the tax debt, and that the amount of your tax debt and living expenses outweighs the value of your assets and monthly income.

For instance, if the owner owes $ 60,000 in income tax, and the Canada Revenue Agency was successful in putting a lien on the home, then the purchase of the property will mean you are now responsible for paying that $ 60,000 CRA debt.

Meaning, the price for which your home could be sold on the market today, less any debts registered against the property, such as mortgages and secured credit lines.

This means that you can cover your monthly mortgage, property taxes, debts, food, transportation and insurance for 6 month.

$ 225,000 loan amount, 70 % loan - to - value, 740 credit score, property in WA, lock period of 30 days, debt - to - income ratio of 30 % or less, escrow account applied (meaning your tax and insurance costs are collected monthly with your mortgage payment).

$ 225,000 loan amount, 100 % loan - to - value (0 % down), 740 credit score, property in WA, lock period of 30 days, debt - to - income ratio of 30 % or less, escrow account applied (meaning your tax and insurance costs are collected monthly with your mortgage payment).

Some advantages bankruptcy protection might offer a bankrupt debtor is that you can obtain an automatic stay which means the mere request for bankruptcy protection automatically stops and brings to a cessation certain lawsuits, foreclosures, utility shut - offs, evictions, repossessions, garnishments, attachments, and debt collection harassment, filing might save your home, you can reschedule secured debts, you can receive protection for co-debtors you can keep all non-exempt property, you can consolidate all your loans under one plan, all or part of your loans may be completely forgiven, and you can extend certain tax obligations, student loans, or other such qualifying debts.

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.

However, more debt means more risk and servicing (making payments on) that debt becomes an obligation regardless of how the property itself is performing.

Taking on additional debt is always a risk: it's harder to pay off, and failing to pay could mean losing your property.

garnishment [top] Legal proceeding whereby money or property due to a creditor, but in the possession of another, such as an employer, is intercepted by means of a court order and applied to the payment of the debt owed to the plaintiff creditor.

What this means is that your property is owned jointly by you and your spouse as a single marital entity and can not be liquidated to pay the debts of only one owner.

However, LIV's focus on property & high - yielding and / or discounted debt, enhanced by leverage, means its P&L is v positively skewed vs. the avg.

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.

They just look at the property's loan - to - value and debt coverage ratio, meaning how much does the net operating income exceed the monthly principle and interest payment.»

Keep in mind that Nevada is a community property state, which means you and your spouse will split your assets and debts equally.

When a divorce is filed and granted in New York State as an «Uncontested Divorce» it means that the parties to the divorce (the husband and wife, or both spouses in a same - sex marriage), have signed their applicable divorce papers that were filed in court, to indicate that they both agree to all of the terms of their divorce, including: the equitable division of their joint marital property (assets and debts) and the payment or waiver of spousal support.

Meaning that all income, real estate, retirement plans, stocks, etc. are considered part of the community and each spouse has an equal interest in all property, assets, and debts.

This means that all marital property is taken into account when dividing assets and debt, and the division is handled in a fair and reasonable manner.

legal problems they don't know that they have, e.g., one unserviced legal problem often leads to several more — e.g., termination of employment without cause or compensation, means debt, loss of property, family break - up, depression, substance abuse, and sometimes suicide, etc.; and, (3) enlist the help of the social media, news media, pressure groups, and those political parties in opposition to governments; (4) everyone should complain loudly to all of the above about law societies» failure to try to solve the unaffordable legal services problem — their failure to attack it is the cause.

Property division: Wisconsin is a community property state, meaning that all community property (marital assets and debts) are generally divided Property division: Wisconsin is a community property state, meaning that all community property (marital assets and debts) are generally divided property state, meaning that all community property (marital assets and debts) are generally divided property (marital assets and debts) are generally divided equally.

This means that all other issues concerning the parties, property, debt, retirement benefits and all other issues are going to be held in reserve.

Florida law details which property and debts are marital, meaning they belong to both spouses, and which are separate (nonmarital), meaning they belong to one spouse alone.

Filing for no - fault divorce doesn't mean that your spouse agrees to give you the things you've asked for in your petition, such as custody or terms for property and debt division.

All marital property and debts are distributed justly and equitably, but this does not always mean that there is an equal, 50/50 division of property and debts.

Wisconsin is a community property state, meaning the court generally distributes marital property and debt equally, but may modify the distribution depending on the circumstances of a given case.

This means that any property (other than gifts or inheritances) you and your spouse acquired during the marriage belongs equally to both parties and any joint debts incurred during the marriage are the equal responsibility of both parties.

It means that all marital property will be distributed equitably, which is a fair division of all the assets and debts acquired during the marriage.

In many states, legal marriage means that all of the assets, wealth, property, and debt belong to both of you equally, regardless of who earned it during the marriage or who's «at fault» for the divorce.

This means the assignment of assets and the division of property and debts.

Will the assets and debts remain separate property, meaning that they will go back to the person who accumulated them before the marriage?

A reverse mortgage loan is «non-recourse», meaning that if you sell the home to repay the loan, you or your heirs will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home must be used to repay the debt.

And «free and clear» properties to me means that you don't have that debt, which for me at one point was my biggest expense and I felt like after retiring from a full time job, I was working full time for the bank to pay those 50 mortgagAnd «free and clear» properties to me means that you don't have that debt, which for me at one point was my biggest expense and I felt like after retiring from a full time job, I was working full time for the bank to pay those 50 mortgagand clear» properties to me means that you don't have that debt, which for me at one point was my biggest expense and I felt like after retiring from a full time job, I was working full time for the bank to pay those 50 mortgagand I felt like after retiring from a full time job, I was working full time for the bank to pay those 50 mortgages.

This has meant that their mortgage and other basic property costs could total 44 per cent of their gross income if they had no other debt.

As a member of the pivotal Ways and Means Committee, Foley helped advance database protection, mortgage debt cancellation relief, stepped - up depreciation for leasehold improvements, and protection against forced property access by telecommunications companies.

As large scale «trophy» assets become more difficult to source and as property prices continue to climb, foreign investors are increasingly looking to debt markets as a means of fulfilling their U.S. real estate allocations.

(j) Credit means the right granted by a creditor to an applicant to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment therefor.