Sentences with phrase «other debts on the property»

Not exact matches

According to the HUD handbook, the borrower's «total fixed payment» includes the monthly mortgage payment (with property taxes and home insurance), along with the monthly obligations on all other debts and liabilities.
Other primary positives include: interest deductibility on real estate maintained, like - kind exchanges on real property maintained, the home mortgage deduction being preserved (but reduced to $ 750,000 of mortgage debt), and reduced foreign withholding on capital gains distributions (35 % to 21 %).
just reading around and all if not most rags are saying our net spend is # 46 million how can they tell that when they do nt even know what our real budget is if it was # 100 million then we are in profit by quite a bit i do nt really know what they base there assumptions on this is where you could do with swiss ramble to dissect what really was spent from what i could see most of our 5 transfers were covered by out goings and c / l monies earned debuchy - vela deal, chambers - vermalen deal, ospina - cesc and miquel deals sanchez c / l monies and other monies recovered from wages and old installment based deals this is the same with welbeck i would imagine if not then poldolski will be sold in jan to cover this as i think he was going to be sold and this would have covered welbecks transfer more or less also and people do nt always realize that arsenal have money coming in from more than one source to cover transfers not just puma and emirates deals we have property arm of the club which makes money for transfers also outstanding debts we are owed of old transfers we receive each year on song cesc maybe van persie and all other structured deals in installment payments sales we just flogged miquel as an example and all the monies from released wages and youths sold its a bit to complex to just say we have a net spend of xyz when arsenal do nt even make the budget public so they have no starting point from which to go from i bet you we have broke even or even made a slight profit as we are self sustaining it would make sense that we can break even or at least make the net spend under # 10 million each year at least screw then all we are the arsenal we do thing our way
An affidavit was filed a week ago by the A-G asking the Apex Court to order the defendant (Mr. Woyome) to appear before it on Thursday, November 10, at 9:00 am, «to be examined orally on oath by the 1st Defendant (Attorney - General) whether Mr. Woyome has any property or other means of satisfying the judgement debt».
On the other hand, when Czechoslovakia split, the national property and national debt were shared, roughly in the ratio 2:1.
You should plan to tackle necessary plans for your emergency fund, retirement fund, and debt repayment first, then determine how much you can spend on other goals, like travel and a down payment for property.
Bankruptcy will not normally wipe out: (1) money owed for child support or alimony, fines, and some taxes; (2) debts not listed on your bankruptcy petition; (3) loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan; (4) debts resulting from «willful and malicious» harm; (5) student loans owed to a school or government body, except if the court decides that payment would be an undue hardship; (6) mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is taken back by the creditor).
This will make splitting finances, debt, and other property easier down the line, giving you a head start on managing your finances as a newly single person.
If you put up your household goods as collateral for a loan (other than a loan to purchase the goods), you can usually keep your property without making any more payments on that debt.
This means that you gave that creditor a mortgage on the home or put your other property up as collateral for the debt.
This situation is sometimes also called lien priming, because there is usually a lien or other restriction placed on the property or collateral that is used to secure the loan or debt.
Today, his income properties net $ 20,000 annually but he plans to sell one in three years to help pay off the debt on his other homes and to get rid of any business - related debt on a second line of credit.
Your financial documents should include information on your income, debts, property, and other assets, as well as monthly household expenses.
In other words, as you make payments on a traditional loan, the debt or the amount you owe is reduced and therefore the equity you have in the property increases over time.
We have defined benefit pension plans totalling $ 90,000 for both of us; approximately $ 200,000 each in RRSPs; collect approximately $ 50,000 per year in rental income from two properties (we have a mortgage of $ 100,000 combined on these properties); I'm still earning approximately $ 100,000 per year and plan to work for the next two years; my husband is retired and although he can collect early CPP, he opted not to do so to minimize taxes; we have 2 daughters; one is 17; the other is 31 and on ODSP due to an intellectual disability; we have no other debts.
In addition to their home mortgage, they also owe $ 309,000 on their rental properties as well as $ 74,290 in other personal debt, including a car loan, equity line of credit and a personal loan that was used to pay for their trip to Africa.
If the total liabilities on the replacement property exceed the debt that had existed on the relinquished property (assuming the taxpayer does not receive any cash or other non-like-kind property), the basis of the new property will increase.
On the other hand, a home loan is secured debt, which means failure to pay could result in the property being seized.
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.
Also, suggest you to invest in other asset classes as well (gold / property / Debt funds / Debt products like PPF etc) based on your financial goals.
They could even take on debt to replace property, since they don't have any other debt.
Under Chapter 7, some of your non-exempt assets may be sold to pay off your debts, while other property is protected (exempt) and can't be sold (what property is exempt versus non-exempt depends on both state and federal law).
On December 16th of 2009, HUD gave that clarity with Mortgagee Letter 09 - 52 which allows a people to buy a home after a short sale if «they were current on their mortgage and other installment debts at the time of the short sale of their previously owned property, and the proceeds from the short sale serve as payment in full.&raquOn December 16th of 2009, HUD gave that clarity with Mortgagee Letter 09 - 52 which allows a people to buy a home after a short sale if «they were current on their mortgage and other installment debts at the time of the short sale of their previously owned property, and the proceeds from the short sale serve as payment in full.&raquon their mortgage and other installment debts at the time of the short sale of their previously owned property, and the proceeds from the short sale serve as payment in full.»
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.
The lender sues on the note to obtain a judgment which allows them to come after the borrower's personal property, wages or other real estate in satisfaction of the remaining debt.
Other situations involve people who live in states that have more far - reaching rules on debt collection for assets, known as «community property states.»
The debt on the other six properties was packaged by Wall Street firms and sold as commercial mortgage backed securities, or CMBS, to dozens of institutional investors.
In the traditional divorce process, countless depositions and hearings are held as each party conducts a fishing expedition into the other party's finances; in the collaborative process, the clients retain a joint neutral financial professional to ensure transparency, develop options for family support and division of property and debt, and help the clients transition into single life on a firmer financial footing.
Bankruptcy may be the appropriate option to stop the repossession of your property and discharge other debts to allow you to become current on your payments.
The Nebraska divorce section provides a professional directory of divorce lawyers, mediators, counselors, financial planners and other divorce professionals as well as articles on child custody, visitation, child support, alimony, and property and debt division.
On the other hand, if you and your spouse are preparing to end your relationship and you can agree on how you want to deal with such matters as property division, debt resolution, and child and spousal support without going to court, a separation agreement will ensure your new arrangements are clearly documenteOn the other hand, if you and your spouse are preparing to end your relationship and you can agree on how you want to deal with such matters as property division, debt resolution, and child and spousal support without going to court, a separation agreement will ensure your new arrangements are clearly documenteon how you want to deal with such matters as property division, debt resolution, and child and spousal support without going to court, a separation agreement will ensure your new arrangements are clearly documented.
the value of property, other than a matrimonial home, that the spouse owned on the date of the marriage, after deducting the spouse's debts and other liabilities, other than debts or liabilities related directly to the acquisition or significant improvement of a matrimonial home, calculated as of the date of the marriage.»
The Florida divorce section provides a professional directory of divorce lawyers, mediators, counselors, financial planners and other divorce professionals as well as articles on child custody, visitation, child support, alimony, and property and debt division.
The Wisconsin divorce section provides a professional directory of divorce lawyers, mediators, counselors, financial planners and other divorce professionals as well as articles on child custody, visitation, child support, alimony, and property and debt division.
The California divorce section provides a professional directory of divorce lawyers, mediators, counselors, financial planners and other divorce professionals as well as articles on child custody, visitation, child support, alimony, and property and debt division.
Depending on the circumstances, the departure of one or more members of a polyamorous family may result in disagreements about: where children will live, how parenting decisions will be made and how much time the children will have with whom; whether child support must be paid, and if so who must pay it; whether a person is entitled to spousal support, and if so who is responsible for paying it; and how property and debt will be distributed, and whether an individual is entitled to an interest in property owned only by other family members.
Often a spouse will obtain a temporary injunction to prevent either spouse from moving or destroying marital property, taking on debt or harassing the other spouse or child.
In the traditional divorce process, countless depositions and hearings are held as each party conducts a fishing expedition into the other party's finances; in the collaborative process, the clients retain a joint neutral financial professional to ensure transparency, develop options for family support and division of property and debt, and help the clients transition into single life on a firmer financial footing.
The petition, which sets out what a person wants a judge to do (such as dissolve the marriage, rule on custody, order child support, and divide marital property and debt), is generally personally served by a sheriff's deputy or other authorized process server.
That said, if you and your spouse are on talking and negotiable terms and are able to reach agreements on topics such as property, debt, minor children and other key areas, a marital settlement agreement could be a realistic solution.
On the other hand, if those same emotional Achilles heals are not effectively managed, the couple may end up not being able to agree to settlement terms, forcing the couple to spend tens of thousands of dollars (or more) on legal fees in a contested, litigated trial where the judge makes all of the decisions for them regarding a Parenting Plan and property / debt division in ways that neither of them likeOn the other hand, if those same emotional Achilles heals are not effectively managed, the couple may end up not being able to agree to settlement terms, forcing the couple to spend tens of thousands of dollars (or more) on legal fees in a contested, litigated trial where the judge makes all of the decisions for them regarding a Parenting Plan and property / debt division in ways that neither of them likeon legal fees in a contested, litigated trial where the judge makes all of the decisions for them regarding a Parenting Plan and property / debt division in ways that neither of them likes.
The way that the proceeds of the sale of the home are divided depends on the mortgage debt, any other liens on the home (e.g. for unpaid property taxes), and the terms of divorce.
In divorce and child custody cases, the contested issues vary depending on the parties» unique circumstances, but generally they concern with whom the children will reside (physical custody), who will make decisions concerning their religious and educational upbringing, medical care and treatment, and extracurricular activities (legal custody), how the assets and debts of the parties will be divided (equitable division of the marital property), and what kind of spousal support, if any, is to be paid by one party for the support of the other spouse.
In other words, as you make payments on a traditional loan, the debt or the amount you owe is reduced and therefore the equity you have in the property increases over time.
When you've done a bunch of cap rates you have a feel for what the debt and other expenses will be on a certain sized property, the main variable on a small multi can be whether the heat is included or not.
The marriage of Colony and the NorthStar companies — one of which focused on commercial - property investments and debt, with the other managing the REIT's assets — accelerated growth for Colony Capital, which had been slower to raise money from institutional investors after its financial - crisis losses.
The joint venture, meanwhile, will assume $ 320 million of debt on Westfield's three other St. Louis properties.
When the tax liability from the cancellation of debt on an investment property can be offset against other business liabilities and expenses.
Most of these mall owners took on 10 - year loans to buy malls and other retail properties, back when many U.S. consumers and businesses alike were living large on debt.
You can bet that if someone defaulted on their home loan, there are also other debts associated with the property, including things like unpaid property taxes, utility bills, and maybe even a code violation or two.
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