Sentences with phrase «owner occupied meaning»

O / O is for owner occupied meaning you're purchasing to live in the property.

Not exact matches

Most commercial real estate loans require that the property be owner - occupied, meaning that the business needs to physically reside in at least 51 % of the building.

The mortgage must also be for a residence that is a qualified home, meaning it is the owner's primary home or a second home, with certain stipulations on its usage when not occupied by the owner.

That means limits on how many units can be occupied by renters, specifications about how many owners can be delinquent on their HOA dues, and other factors.

But its 4.5 - gallon tank occupies the space meant for a spare tire, so Cruze Diesel owners are stuck with a sometimes - worthless sealant system instead.

Most commercial real estate loans require that the property be owner - occupied, meaning that the business needs to physically reside in at least 51 % of the building.

But you may not know that the property is mixed use, meaning there's a mix between strictly hotel rooms and owner - occupied condos.

However, the loan - to - value ratios on these loans will be lower than owner - occupied commercial real estate loans, meaning that you'll be required to put more money down.

For the purposes of an FHA loan, it is an owner occupied home, which means that the borrower must intend to use the home as their primary residence.

This may mean paying a severance to a tenant, should they agree, it may mean not listing the property until the end of the current lease, or it may mean taking a lower price due to owner - occupied buyers being eliminated due to the mortgage financing guidelines around the purchase of a tenanted property.

Whether your new purchase is meant to be owner occupied, or an investment property, demand vacant possession or walk away.

14.1 For the purposes of sections 241 and 242 of the Act, «previously occupied» means occupied at any time in its past for any purpose, including residential, commercial, institutional, recreational or industrial use, but does not include the occupation of a proposed strata lot by the owner developer solely as a display lot for the sale of strata lots in the proposed strata plan.

Just because you are listed as the sole legal owner of the property you occupied with your spouse during your marriage, does not mean that you have the authority to change the locks.

By «fully rented» I meant «not owner occupied».

Seven years have passed since foreclosures peaked in 2010, meaning 1.9 million homeowners who faced owner - occupied foreclosures between the start of the housing crisis in 2007 through 2010 will have met the seven - year period after which the Fair Credit Reporting Act requires derogatory information to be removed.

Residential, owner - occupied real estate — No mortgage interest deduction in the Armey plan, deductions on mortgages of up to $ 100,000 in Specter's; no deduction for property taxes paid; no means of recovering costs for a principal residence converted to a rental.

Homepath and HUDhomestore (bank owned houses) a lot of times will do a «first look initiative», which means owner occupied home owners have first dibs on bidding on the house, usually 30 days.

N / O / O is for non owner occupied purchases meaning you won't live in the property but purchasing as a investor.

The average value of an owner - occupied single - family detached home with a boomer householder decreased by 13 % between 2006 and 2012, meaning that some of these homeowners are in a negative equity position on their mortgage, making it difficult to sell the home and move, according to the report, titled «Are Aging Baby Boomers Abandoning the Single - Family Nest?»

That means taxes on owner - occupied residences are far lower than those on other types of property.

Also, in some cases, the (former) owner or a squatter will be occupying the property, meaning you will have to evict them — a process that can be unpleasant at best, and lengthy and expensive at worst.