Sentences with phrase «property ownership situation»

Not exact matches

The destruction of the Jajmani system, communal ownership of landed property, by the British and introduction of legal land relationship changed the situation of Dalits for the worse.

Note that with a loan, there is a (potentially changing) outstanding loan balance, that could be paid to end the loan (to pay off the loan), and there is an agreed upon an interest rate that is computed on the outstanding balance — none of those apply to this situation; further with a loan there is no % of the property: though the property may be used to secure the loan, that isn't ownership.

Basically, since the situation bears none of the qualities of a loan, and yet does bear the qualities of investment, the parents have bought a % ownership of the property.

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.

Lenders consider all of the following situations to be a transfer of ownership: the purchase of a property «subject to» the mortgage, the assumption of the mortgage debt by the property purchaser, and any exchange of possession of the property under a land sales contract or any other land trust device.

Getting the best mortgage plans for the situation and making sure all the aspects of home ownership such as property taxes and are understood can help millennials plan for retirement.

In many states, title insurance is a lender mandate that protects your ownership of the property, heading off a number of unsavory situations such as fraudulent claims, courthouse errors, liens, and family disputes.

In such situation, title insurance will ensure that your back is covered if you later discover that there are issues that may prevent you from having clear ownership of the property.

Of course, having adequate savings to completely cover the cost of purchase is an ideal situation, as it gives immediate ownership of the property and saves the several lakhs one pays as home loan interest, and also keeps one away from the mental tension of what happens in case one is not able to play the EMIs on time.

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I understand you probably need numbers to give me a good answer, but I guess I am kind of looking for information on how the rental situation / other property ownership could positively affect our ability to qualify for a construction loan.

Definition # 1: If someone is said to have some «skin in the game», it usually means that person has something to lose (whether it's some form of ownership, money, property, or just respect) in a given situation — and that situation is usually something business related.

It influences our lives every day via contracts and credit situations, the ownership and distribution of property, family relationships and their breakdown, personal injury, benefit entitlements, human rights, and various corporate arrangements.

The Court in Bindra explained its decision to do nothing with regards to the property in India as a «Catch 22 situation»: To grant her judgment against the Husband in Canada and still allow her to retain joint ownership of the Property in India would not be apprproperty in India as a «Catch 22 situation»: To grant her judgment against the Husband in Canada and still allow her to retain joint ownership of the Property in India would not be apprProperty in India would not be appropriate.

We are also conceiving of a situation where individuals own all or part of their property and are using this ownership as collateral in order to borrow capital to fund a business venture and or build another home for example.

There are all sorts of situations where someone may share ownership in Florida real estate and there are lots of good reasons to own real estate jointly; however, when things go south, jointly owned property can be a tremendous headache for all of the parties involved.

Last Update: 10/28/17 There are all sorts of situations where someone may share ownership in Florida real estate and there are lots of good reasons to own real estate jointly; however, when things go south, jointly owned property can be a tremendous headache for all of the parties involved.

Do people buy the ownership in these situations (essentially to an underwater property that is non-recourse) and use the deed in leau as a negotiation tool to make these work?