Sentences with phrase «recourse loan on the property»

My question is then, with whom can I get a non recourse loan on the property to use the money for other investments?

Not exact matches

In both cases, the physical property ensures the lender that should you default on your loan payments they will have recourse though a seizure of your property.

For more cost information on loans to IRAs checkout IRS form 990T that discusses potential taxes «Unrelated Debt Financed Income» (UDFI) for IRA owned property with non recourse loans.

It's possible for an owner to have both recourse and nonrecourse loans on the same property.

You need to determine how many loans the owner of a distressed property has on the property and whether those loans are «recourse» or «nonrecourse» loans, Ross says.

Check out Cincinnati Managing Director Susan Branscome's thoughts on recourse, property types, construction - to - perm loans, interest rates and more following this year's conference.

Whenever you begin working with an owner of a distressed property, you must determine how many loans he or she has on the property and whether those loans are recourse or nonrecourse loans.

The challenge you face in terms of advising a client to go through with a short sale or doing a deed - in - lieu of foreclosure is that the owner may have both recourse and nonrecourse loans on the same property, which means one or more loans may be subject to deficiency judgments while other loans on the property are not.

Not only do you need a non recourse loan, If you get a loan, you get taxed on the leveraged portion of the property similar to UBIT tax.