Sentences with phrase «mortgage upon sale»

Not exact matches

Real estate might be second to the bottom of the list, but it's at the top of the list of money - making assets thanks to depreciation, mortgage interest deduction, the 1031 Exchange, and the $ 250,000 / $ 500,000 in tax - free profits upon sale.

The Recapture Tax Guarantee Program will reimburse homeowners if they are subject to pay the Federal Recapture Tax on their KHC mortgage loan upon the sale of their home.

This is based upon a $ 200,000 sales price with 0 % down and 2.00 % upfront guarantee fee of the base loan amount of $ 200,000, which works out to $ 4,000, and a monthly mortgage mortgage insurance premium at.40 % of the base loan amount.

This is based upon a $ 200,000 sales price with 3 % down and a monthly mortgage mortgage insurance premium at 1.30 % of the base loan amount.

Some loans can be repaid upon refinance, sale or if you otherwise move out of the home or pay off the first mortgage in full.

The seller then will collect payments from the buyer on that second mortgage and the mortgage is fully repaid by the buyer upon refinance of the property or sale of the property at a future date.

This is to give them the power of sale for cases when the borrower is unable to repay agreed upon mortgage fees.

A TBA transaction represents a contract for the purchase or sale of mortgage - backed securities (including fixed - rate or variable - rate mortgages) to be delivered at a future agreed - upon date.

Keep in mind the penalty to prepay (i.e. refinance or sale of property) a variable early is ~ 0.50 % of the mortgage balance, whereas if in a (4yr / 5 yr or longer) fixed rate mortgage the penalty can be closer to 4.5 % of the mortgage balance *** depending upon which specific lender you are with and how long of a term you lock in for.

The mortgage lender earns a fee, between 0.5 and 2.5 percent, upon sale of the mortgage.

However, it is this emotional response that sellers of mortgage life insurance play upon when they make their sales pitch.

It seems to me that the wild west show down south over the last decade is what landed the entire world economy in the tank, based upon the quick and easy sale of homes on a massive one - to - one scale culminating in world - wide sales of vastly over-valued U. S. real estate secured mortgages masqueraded as investment vehicles.

Agents should be aware of any financial obstacles that may come into play, Sexton says, whether it's liens on the house or a second mortgage, which would be paid from the seller's proceeds upon sale.

Steven G. Walther, Inc. v. Taranto (16 A.D. 3d 1076) buyers procured by broker remained ready willing and able to complete the purchase pursuant to the terms of the purchase contract thereby entitling broker to its commission where purchase and sale contract addendum made the offer contingent upon the sale of buyer's existing residence; pursuant to the addendum, seller received another purchase offer, he was entitled, upon notice to the buyers, to accept the offer and cancel the contract with the buyers unless they removed the sale and transfer of title contingency within three days after receiving such notice; buyers could remove the contingency by demonstrating in writing that they had accepted a mortgage loan commitment which does not require the sale and transfer of title of their property as a condition of the mortgage loan funding; buyer complied with such requirement, even though mortgage loan commitment was subject to additional conditions not prohibited by the contract; judgment for broker.

This is based upon a $ 200,000 sales price with 3 % down and a monthly mortgage mortgage insurance premium at 1.30 % of the base loan amount.

This is based upon a $ 200,000 sales price with 20 % down and 1.75 % one time upfront mortgage insurance premium (MIP) of the base loan amount of $ 160,000, which works out to $ 2,800, and a monthly mortgage mortgage insurance premium at 1.30 % of the base loan amount.

This is based upon a $ 200,000 sales price with 0 % down and 2.00 % upfront guarantee fee of the base loan amount of $ 200,000, which works out to $ 4,000, and a monthly mortgage mortgage insurance premium at.40 % of the base loan amount.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

With a shared appreciation mortgage, or SAM, a borrower receives a below - market interest rate in return for the lender receiving a share, usually 30 to 50 percent, in the future appreciation of the property upon its sale.

However, a Florida short sale lawyer may be able to find legal defenses to these collection efforts, based upon the bank's own actions (or failures to act) including Statute of Limitation defenses pertaining to the debt and the inability of the bank to prove up the legal validity of the mortgage debt.