Sentences with phrase «ownership of a primary residence»

We continue to believe that ownership of a primary residence is all the real estate exposure most investors need.

Not exact matches

Since this rental home was not your primary residence, your estate would be responsible for paying capital gains tax on this transfer of ownership.

Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.

You can exclude capital gains on the sale of your primary residence if you meet the IRS's ownership...

As long as you continue to honor loan terms as promised, such as paying property taxes and home insurance and occupying the home as your primary residence, you can retain ownership of your home.

You must use the home as your primary residence, and you may not have any ownership interest in another residential property as of the date of the note, which is the contract between the lender and the borrower.

In any closing, but especially a Florida closing where someone is buying their primary residence, that buyer assumes that the seller is legally transferring full ownership of the land, and the improvements built upon the land (house, driveway, fence, sewer drains or septic systems, etc.), free and clear of any liens or encumbrances.

Whether you're looking for a primary residence in Grayton Beach, an investment property in Rosemary Beach or a second home in WaterColor, let Berkshire Hathaway HomeServices Beach Properties of Florida show you the ease, and joys, of home ownership along Florida's most beautiful coastline.

A person who (i) has not had any ownership interest in his / her primary residence at any time during the three years prior to the date of making an application for a SONYMA mortgage loan; and, (ii) at the time of making the loan application to SONYMA, does not own a vacation or investment home.

The current rule requires two years of primary residence out of five years of ownership, but both the Senate and the House bills would require five years of residence out eight years of ownership.

Capital Gains Exemption: Retain current law of exempting gains of up to $ 250,000 for single filers and $ 500,000 for joint filers for primary residence lived in for two of the past five years of ownership.