Sentences with phrase «owe more debt than their assets»

So many mortgages, so many assets and so many banks themselves have negative equity — that is, they owe more debt than their assets are worth — that there is no point in buying assets right now.

Not exact matches

Even though the Massachusetts filers owed substantially more in unsecured debt (that is, debt not backed by a home, a car, or another asset) than their counterparts in other states, they reported less than half as much medical debt, which is also unsecured.

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.

Furthermore, direct debit or a payroll deduction is required when you owe more than $ 50,000 in tax debt if you do not want to disclose income, assets, liabilities, and expenses.

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

If you owe more than $ 25k, make sure you don't have assets you can use to satisfy part or all of the debt.

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.