Sentences with phrase «obligations under your mortgage»

(3) Obtaining a delay or forbearance of a buyer's obligation under a mortgage.

Bankruptcy gives the borrower the option of surrendering the property back to the bank with no continuing obligation under the mortgage and no corresponding tax liability for the forgiveness of debt (usually a taxable event).

Not exact matches

The lender is not under any obligation to mortgage renewal.

The principal of, and interest paid and to be paid on, debentures, which are the obligation of such fund, cash insurance payments, and adjustments, and expense incurred in the handling, management, renovation, and disposal of properties acquired, in connection with mortgages insured under this section, shall be charged to such fund.

(3) Moneys in the REHABILITATION Facilities Insurance Fund not needed for the current operations of the REHABILITATION Services Administration with respect to mortgages insured under this section shall be deposited with the Treasurer of the United States to the credit of such fund, or invested in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States.

All mortgages insured under this section shall be insured under and be the obligation of the REHABILITATION Facilities Insurance Fund.

By doing this, you may be released from your obligation to pay back your primary mortgage under its original terms.

Due to a 2008 layoff, subsequent under - employment and mortgage / medical debt obligations, I had to put the loan on a graduated repayme nt plan in order to remain current.

With down payments low as 3 % and no requirement for mortgage insurance, the bank offers HomeRun mortgages as part of its obligations under the Community Reinvestment Act.

Obligations under the HECM for Purchase are the same as the traditional HECM reverse mortgage.

Since student loan indebtedness in America is now just under $ 1 trillion, managing those obligations in tandem with other debts, like credit card balances or a mortgage have signaled an end to America's free money days.

You are under no obligation to complete the reverse mortgage and our unbiased, nonprofit counselors are here to help you make the decision that's best for your situation, whatever it may be.

HUD places the obligation under the Special Risk Insurance Fund by agreeing to insure the property under this program, which is separate from the General Insurance Fund (which finances most of its multifamily mortgage insurance) and the Mutual Mortgage Insurance Fund (which finances most of its single - family mortgage insmortgage insurance) and the Mutual Mortgage Insurance Fund (which finances most of its single - family mortgage insMortgage Insurance Fund (which finances most of its single - family mortgage insmortgage insurance).

Most debts except: fines, penalties, compensation and forfeiture orders imposed by any court; any debt that has been incurred through fraud; student loans; any obligation to pay maintenance to an ex-spouse due under a court order (not Child Support Agency arrears or Child Maintenance Service arrears); and money owed to a creditor whose debt is secured on your property (such as a mortgage or secured loan).

Filed Under: Credit Cards, Debt Management, Personal Finance Tagged With: collateralized mortgage obligation, credit card, Credit Cards, debt consolidation, finance, financial disaster, interest, interest rates, low interest, low interest rates, low rate, lower monthly payment, monthly payment, mortgage, mortgage acceleration, Personal Finance, private mortgage insurance, refinancing, take advantage

Buyers who take over a VA mortgage must agree to assume all of the obligations of the veteran under the terms of the instruments creating and securing the loan.

ME Expert Ltd is not authorised to provide advice and are introducing you to a regulated firm with whom we are not under a contractual obligation to conduct mortgage or general insurance mediation business with exclusively.

-- A portion of the principal obligation of the mortgage, which meets the requirements under subsection (c), shall be used only for financing the provision of eligible sustainable building elements for the housing for which the mortgage was made.

«charge» means a charge on land given for the purpose of securing the payment of a debt or the performance of an obligation, and includes a charge under the Land Titles Act and a mortgage, but does not include a rent charge; («charge»)

A dispute between a pension fund and a broker arising out of the sale of collateralized mortgage obligations; the case contained allegations under the securities laws and ERISA

«encumbrance» means a claim that secures the payment of money or the performance of any other obligation and includes a charge under the Land Titles Act, a mortgage and a lien; («sûreté réelle»)

The trial judge found that Ms. Draper was under no obligation to make out - of - pocket payments towards the mortgage and property taxes for Mr. Holtby's property.

the obligations of home owners under a home loan or mortgage, including the circumstances in which a home may be lost or forfeited.

LTTPs can use a properly vetted Mortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their bMortgage Broker to proactively build and retain their client base under the soft sell where the LTTP retains all client loyalty as the LTTP facilitates and monitors MB choice: 1) initial mortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their bmortgage placements which are in your clients best interest 2) properly explained obligations and renewal provisions 3) 3 to 4 client touch points through out a year paid for by the MB to maintain their relationship with the LTTP 4) pre-approvals that are dependent on home appraisal only 5) down payment facilitation from borrowed funds (temporary) 6) mortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their bmortgage pay down plan allowing for follow up home trade to occur 7) creating a tax deductible mortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their bmortgage 8) etc etc LTTP struggle to find ways to get new business instead of using their previous trusted status with past clients to build their business.

Other more general MAPs Rule requirements that also are important for reverse mortgage advertising include not making a material misrepresentation regarding: (i) the potential for default under the mortgage, including misrepresentations concerning the circumstances under which the consumer could default for nonpayment of taxes, insurance, or maintenance, or for failure to meet other obligations; (ii) the effectiveness of the mortgage in helping the consumer resolve difficulties in paying debts, including misrepresentations that any mortgage can reduce, eliminate, or restructure debt or result in a waiver or forgiveness, in whole or in part, of a consumer's existing obligations with any person, or (iii) that the mortgage is or relates to a government benefit, or is endorsed, sponsored by, or affiliated with any government or other program, including through the use of formats, symbols, or logos that resemble those of such entity, organization, or program.

The mortgage acceleration clause is a provision in the mortgage loan contract that provides the lender with the legal right to demand repayment of the remaining balance of the loan under certain circumstances, usually when a contractual obligation is violated.

The remaining states use common law, under which the obligation to repay is that of whoever has signed the note, and assets are owned by the party whose name or names are on the mortgage or deed of trust.

The program allows seniors to take a mortgage on their home under which they can draw funds in a variety of ways — upfront, monthly or intermittently as they choose — with no repayment obligation so long as they reside in their home.

«We are also continuing to work with mortgage broker associations to develop guidance documents that will help them meet their obligations under Canadian privacy law.»

Proposed comment 19 (e)(1)(ii)-3 would have also clarified that disclosures provided by a mortgage broker in accordance with § 1026.19 (e)(1)(ii) satisfy the creditor's obligation under § 1026.19 (e)(1)(i).

Disclosures provided by a mortgage broker in accordance with the requirements of this paragraph (e) satisfy the creditor's obligation under this paragraph (e).

These rules establish: (1) Early intervention for troubled and delinquent borrowers, and loss mitigation procedures, pursuant to the Bureau's authority under section 6 of RESPA, as amended by Dodd - Frank Act section 1463; (2) obligations for mortgage servicers that the Bureau found to be appropriate to carry out the consumer protection purposes of RESPA, as well as its authority under section 19 (a) of RESPA to prescribe rules necessary to achieve the purposes of RESPA; and (3) requirements for general servicing standards, policies, and procedures and continuity of contact, pursuant to the Bureau's authority under section 19 (a) of RESPA.

Proposed § 1026.19 (e)(1)(ii) would have provided that a mortgage broker may provide a consumer with the disclosures required under § 1026.19 (e)(1)(i), provided that the mortgage broker acts as the creditor in every respect, including complying with all of the requirements of proposed § 1026.19 (e) and assuming all related responsibilities and obligations.

Several non-depository lenders, a mortgage compliance company, and an individual consumer explained that alternative 1 would relieve creditors of TILA liability for the actions of settlement agents; whereas, under alternative 2, creditors would have an obligation to supervise settlement agents but still assume all legal liability.