Sentences with phrase «property and any debts against»

Not exact matches

People ran up debts to buy better homes, and then borrowed against the rising market value of their property to pay off the credit - card debt that was financing much of their rising consumption.

This equity may be borrowed against down the road to make home improvements and further increase the property's value, or to consolidate higher interest rate revolving or term debt and save money each month.

Mortgage lenders must weigh the borrower's income and assets against (A) the expected mortgage payments; (B) other expenses relating to the mortgage, such as home insurance and property taxes; (C) payments for other loans associated with the property, such as a second mortgage; and (D) all other recurring debt obligations.

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They are part of the bankruptcy or consumer proposal and are included in your creditor list, as long as the CRA hasn't placed a lien against your property making it a secured debt.

Private lenders solely focus on the market value of the property and the total of debts against it.

Lenders will take into account your assets, income, credit score, the current value of the property, other debts and the total amount you want to borrow against your home.

They must reduce inherent risk and so they avoid lending against property with too much debt.

Meaning, the price for which your home could be sold on the market today, less any debts registered against the property, such as mortgages and secured credit lines.

Borrower can not be delinquent on any tax or non-tax debts and there can be no judgment liens against the borrower's property for a debt owed to the Federal Government.

Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.

Home equity is essentially the difference between your property's value and any debt you hold against it.

These lenders are very sensitive to risk and will not lend against property with huge debts.

To extend a loan against property, the potential lender focuses on market value and cumulative debts.

During bankruptcy, you can surrender property and it can be sold to as much of the debt as possible to the creditor that holds the secured claim against it.

The opposite of secured debt / loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may only satisfy the debt against the borrower rather than the borrower's collateral and the borrower.

Bankruptcy Debt Consolidation: A property that is tied up in a bankruptcy can be loaned against, and the funds made available can be used to pay off creditors.

3.1 We will undertake a comprehensive review your current financial situation, including an analysis of your income (all the money that comes into your household), your essential and priority expenditure (things like rent or mortgage, gas, electricity, food, transport to work and any repayments towards loans that secured against an asset such as your home), unsecured debts (such as credit cards, overdrafts and personal loans) and assets (things you own that have a saleable value, such as property and cars).

Additionally, Lorelei has helped forge positive business resolutions of complex matters, including a long - standing dispute and litigation between a Palm Beach County hospital and a group of physicians who held a ground lease on hospital property and provided services at the hospital; a long - standing lawsuit between two groups of physicians over the breakup of their practice group; a prominent sports figure's multimillion dispute over a license agreement; a sports broadcaster's claims against a video company for unauthorized use of his name and likeness; and class actions involving consumer debt collection services.

Husband argued it didn't matter if the debt was incurred before the agreement was modified, that the new agreement was valid and his wages were community property that could not be taken to pay the separate judgment against him.

In respect of contentious matters, disputes dealt cover a variety of different types of claims, ranging from debt recoveries, guarantee claims, asset recoveries (often involving a range of jurisdictions) to complex breach of fiduciary claims against directors / third parties and claims relating to trust property.

As a member of the pivotal Ways and Means Committee, Foley helped advance database protection, mortgage debt cancellation relief, stepped - up depreciation for leasehold improvements, and protection against forced property access by telecommunications companies.

Other legal issues that caused major concerns for property managers, according to the 2011 Institute of Real Estate Management Legal Scan, include debt collection suits, which increased 14 percent since the 2009 survey, and fair housing cases, which grew by 25 percent for racial discrimination and 60 percent for discrimination against the disabled in that two - year period.

In a recent editorial published in the Cape Argus, the chairman of Rawson opined that «homebuyers, banks and tenants all need to take action to protect themselves against the effects of the recent Supreme Court of Appeal (SCA) judgment that property owners can be held liable for historical municipal debts dating back up to 30 years.»

Malls May Be Dying, But Bets Against Their Debts Haven't Paid Off «A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property Against Their Debts Haven't Paid Off «A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property against debt tied to the retail property sector.

When the tax liability from the cancellation of debt on an investment property can be offset against other business liabilities and expenses.

The maximum mortgage loan amount a lender will lend against an income - producing property is determined on the basis of a minimum Debt Coverage Ratio (DCR) and, depending on the lender, a maximum Loan to Value Ratio (LTV).

Sienna financed the transaction with CA$ 88.2 million in assumption of debt against the properties, a CA$ 115 million acquisition loan, proceeds from a recent CA$ 184 million bought deal offering and draws on the company's credit facility.

We are finding that Florida borrowers are shocked to learn that while they assumed that their approval letter for the short sale, or the deed - in - lieu - of - foreclosure deal, ended everything and that the bank had written off the mortgage balance, that all that really happened was that there was a release of the mortgage against the property, and there has been no legal release of the borrower from the debt.

Once the title examination is complete the legal owner is confirmed and the debts owed against the property are determined.