Sentences with phrase «mortgage knowing the property»
In 2005, Klein and partners took out a mortgage to buy a house in the Bronx for his law office.They illegally applied for a residential mortgage knowing the property would be used for commercial purposes.
http://www.nystateofpolitics.com/ Not exact matches
If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).
Proprietary reverse mortgages, also known as jumbo reverse mortgages, are for borrowers who want a large loan and own a more expensive property.
A mortgage impound account — also known as an escrow impound account — is a financial account set up by a lender or loan servicer to collect the expenses of property taxes, homeowner's insurance and mortgage insurance (if applicable).
Eric: One trick I've heard from, I know, our friends over at BiggerPockets, that's a big real estate site, some of our friends over there they stories about how when they get they buy one property that they live in so it can be their primary residence and they can get that best mortgage rate.
Anyone buying property in Virginia should be aware that they will likely get what is known as a «deed of trust,» not a mortgage.
The former prime minister of Qatar, Sheikh Hamad bin Jassim bin Jaber Al Thani — widely known as HBJ — has bought the mortgage on the property, according to Bloomberg, which also revealed that he was the silent lender behind the minority purchase of the hotel by Ashkenazy Acquisition Corporation.
What I want to know - and I never read in these doomsday stories - is whether property owners who believe this have stopped paying their mortgages and let their property tax bills go unpaid.
Eventually we called the mortgage provider for our rental property, to let them know we could no longer keep up with our payments.
I honestly don't know how my parents did it — before I turned four we had lived through 6 home renovations, with two kids in tow — they then used the money they made to buy their 7th property mortgage free.
The second charge alleges that between March 2006 and November 2007 he dishonestly claimed mortgage expenses of # 16,000 for the same property when there was no longer a mortgage on that property.
On claims for mortgage interest the report said that there should be no further capital gains at public expense, and the controversial practice of «flipping» properties should no longer be possible.
The charges allege he made claims «in excess of that to which he was entitled» and - for part of the period when «there was no longer a mortgage on that property».
In general, lenders like to see housing expenses (principal, interest, property taxes, mortgage insurance, HOA fees, etc.) kept to 28 percent or less of your gross (before tax) income, and they prefer that all of your bills — home loans plus car payments, credit cards, etc., total no more than 38 percent of your gross income.
You probably already know that owning a home comes with some sweet tax benefits, like the mortgage - interest and property - tax deductions.
The mortgage is usually based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the estate if you default, they do not care what sort of revenue you make.
The mortgage is usually around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the property if you default, they do not care what kind of income you make.
The FHA reverse mortgage has many compared to traditional home equity loans: no payment is necessary until the borrowers no longer use their home as the primary dwelling, for example, if the home is converted into a rental property or if the borrowers move into an assisted living community.
The Federal National Mortgage Association — known as Fannie Mae — sells property it acquires through foreclosure, deed in lieu of foreclosure or forfeiture.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the property if you default, they don't care what kind of revenue you make.
The mortgage is usually around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the property if you default, they do not care what sort of income you make.
The mortgage is usually around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what sort of revenue you make.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the estate if you default, they do not care what kind of income you make.
A lot of potential home buyers believe there are only a few kinds of mortgage plans, but you should be happy to know there are a variety of home loan types and ways to go about financing the purchase of a property.
The mortgage is mostly around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what sort of money you make.
In order to get approval for the sale, DeCicco and Avedisian concealed their long - term romantic and business relationships from the loan servicing company and falsely represented that Avedisian could no longer make payments towards the mortgage on the property.
In order to calculate how much, you must know these three things: your home's value, all outstanding mortgages on the property and your lender's maximum LTV limit.
The mortgage is mostly around 60 - 70 % of the value of the land, so as long as they know they get their money back in the value of the property if you default, they don't care what kind of money you make.
The mortgage is mostly based on 60 - 70 % of the value of the land, so as long as they know they get their money back in the value of the property if you default, they don't care what sort of revenue you make.
The mortgage is mostly around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what sort of income you make.
The mortgage is usually based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the property if you default, they don't care what sort of income you make.
The third party is known as the «escrow agent», and is a common fixture in some mortgage agreements and property transfers.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what kind of income you make.
Also you know that unless you have a plan that is approved to catch up on your debt under a Chapter Thirteen, then the bankruptcy will not usually allow you to keep property when your creditor has an unpaid security lien or mortgage on it.
The best known is 100 % mortgage financing, which as its name implies, provides all of the funding necessary to purchase the property desired.
If your primary goal is to have a lot of equity in the property to pass to heirs, you need to know that the reverse mortgage will accrue interest and will lower your equity in the property over time and would not meet that goal.
Firstly, If you are counting on the reverse mortgage later, the only way you will know for sure if you and the property both qualify is by applying for the loan and getting an appraisal.
If you can't make payments on the mortgage, your lender has the right to keep or foreclose the property (this is what is known as a lien).
We know we're more likely to make more money if we keep our mortgages and leverage more properties, but we don't care.
In today's mortgage market once you know you are credit qualified for a conforming mortgage, jumbo mortgage, or super jumbo mortgage the most important thing to have is making sure that your property you are purchasing or refinancing has good comparable sales.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the estate if you default, they don't care what kind of revenue you make.
Pre-foreclosure: In this initial stage, the mortgage lender files a default notice that lets the homeowner know his or her property will be seized if the outstanding debt isn't repaid.
This means that a future buyer of your home can purchase your property and take the mortgage that comes along with it — no matter how much lower than the market your rate happens to be.
The fact that there is equity available on a property provides tranquility to a lender even if the property is not used as collateral because the lender knows that in the event of default, even though the mortgage lender has privileges over the property, he can still collect from the remaining amount produced by the sell of the property if the balance on the secured loan does not exceed the value of the property.
The mortgage is mostly around 60 - 70 % of the value of the land, so as long as they know they get their money back in the value of the property if you default, they do not care what kind of revenue you make.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what kind of revenue you make.
The mortgage is mostly based on 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the property if you default, they do not care what kind of revenue you make.
The mortgage is usually around 60 - 70 % of the value of the property, so as long as they know they get their money back in the value of the land if you default, they don't care what sort of money you make.
Keeping with the same reasoning, for any property that I plan on keeping long — term, I want to know what the mortgage payment will be and not have increases.
Loan term equal to first mortgage term with 0 % interest, repaid when property is sold, refinanced, or is no longer primary residence