Sentences with phrase «put debt on the property»

SCI will put debt on the property after the company closes the sale.

Not exact matches

Cominar had put all its non-core assets (properties outside Quebec and the Ottawa region) on the market in 2017 in a bid to reduce its overall debt load and focus on its core business.

Resentment is growing not only towards those who ran up the debts — Iceland's bankrupt Kaupthing and Landsbanki, with its Icesave accounts, and heavily geared property owners in the Baltics and central Europe — but also towards the foreign advisers and creditors who put pressure on these governments to sell off the banks and public companies to insiders.

If you put up your household goods as collateral for a loan (other than a loan to purchase the goods), you can usually keep your property without making any more payments on that debt.

This means that you gave that creditor a mortgage on the home or put your other property up as collateral for the debt.

For instance, if the owner owes $ 60,000 in income tax, and the Canada Revenue Agency was successful in putting a lien on the home, then the purchase of the property will mean you are now responsible for paying that $ 60,000 CRA debt.

If a lender sees a very high amount of existing debt in a property they will not agree to put a mortgage on a property.

They can garnish your wages and put liens on your property, and the added litigation costs will be added to your debt, along with interest and penalties.

Putting 3 percent down on a home, the buyer can't afford to spend more than 28 percent «front end» debt - to - income ratio, which is: the mortgage, property taxes and insurance, divided by the buyers annual income before taxes.

Put simply, in a community property state, a spouse is responsible for debts incurred in the marriage regardless of which spouse's name is on them.

A Lien puts a hold on real or personal property and allows the property to be held as collateral for debt payments or services which are owed to another lender.

What you can afford is also inherently a question of risk, because it will be impacted by how much debt you want to put on the property.

The IRS can also claim your refund to put towards the debt, claim your social security for the same reason, and even put a lien on your property.

They Can Put A Lien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe thPut A Lien On Your Property Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may oProperty Canada Revenue Agency has a right to put a lien against your property for outstanding debt you may owe thput a lien against your property for outstanding debt you may oproperty for outstanding debt you may owe them.

If you have debt owing with CRA, it is very important to keep an eye out for the possibility they may put a lien on your property.

Either the debt must be resolved in full by the assets in the estate, or the mortgage company has the right to repossess the property and put it back on the market.

Because you're entering your prime earning years, refinancing that student loan to a fixed 3.5 % rate over five years could have you out of debt faster and save you an estimated $ 15,206 for investing in a stock fund or perhaps, putting a down payment on an investment property (or that dream vacation home!)

Platt recently advised longstanding client Day Lewis on the addition of a # 5m property facility alongside an existing # 160m club financing (previously put in place to refinance the group's existing debt and to fund further corporate acquisitions).

The partnership is now putting short - term debt on the property as it works to stabilize the asset through capital improvements and leasing activity.

With the money left over after paying off her debts, and after a promotional transfer to another department, she could secure a R148 000 bond and raise R100 000 to put down as a deposit on a new property in Langa, which she moved into and shared with tenants.

Falling real estate values have put the squeeze on borrowers to come up with new equity for a refinance, even when properties are currently generating enough cash flow to cover debt service.

Apparently because the water company doesn't «officially» record the debt or put a lien on the property the title company did not catch it and are saying they are not responsible.

The Blackstone - EOP deal put a large amount of highly visible, highly leveraged, high - priced property in the debt market all at once, and that forced a reexamination of the debt prices right on the heels of the subprime situation,» according to Reiss.

You have to meet certain criteria such as around a 45 % or lower debt - to - income ratio, good credit, work / income history, and the ability to put 20 % down on the property.