Sentences with phrase «required by the real estate»

Settlement Statement: A document required by the Real Estate Settlement Procedures Act that is an itemized statement of services and charges relating to the closing or settlement of the property transfer.

If speed is required by a real estate investor to successfully complete a purchase transaction, a bank loan is not an option.

The services provided however, such as housekeeping and hostel reception, and the accommodation agreement are not as restrictive or binding as those of a 6 or 12 month lease required by a real estate agent.

REALTORS ® shall only be obligated to discover and disclose adverse factors reasonably apparent to someone with expertise in those areas required by their real estate licensing authority.

The amount disclosed for an owner's title insurance premium pursuant to § 1026.37 (g)(4) is based on a basic owner's policy rate, and not on an «enhanced» title insurance policy premium, except that the creditor may instead disclose the premium for an «enhanced» policy when the «enhanced» title insurance policy is required by the real estate sales contract, if such requirement is known to the creditor when issuing the Loan Estimate.

Not exact matches

The consultant was convicted of stealing $ 1.7 million through inflated invoices, which he spent on luxury cars and Long Island real estate, while secretly favoring Verizon and undermining the competitive bidding process required by E-rate rules.

The simplest reason is to dodge an undesirable asset like a piece of real estate that could cost you more than you'd net by selling it (say, because of high property taxes or required repairs), or an asset that comes with strings attached (such as care of the deceased's pet or a requirement to marry).

Another 15 percent or so is earmarked to pay other debts: student loans to get the education required for middle class employment, auto loans to drive to work (from the urban sprawl promoted by tax shifts favoring real estate «developers»), credit card debt, personal loans and retail credit.

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

When real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third - party valuation on transactions of $ 50,000 or more.»

In surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse.

Until you are ready to sell your real estate parcel, the income you make from leasing, renting, or simply sitting on the value is easy to come by and requires no effort on your part.

In a vote held Dec. 6 by six real estate boards, only three reached the required vote threshold either set out by their bylaws (75 per cent) or through B.C.'s new Societies Act (67 per cent).

One of the defined ways in which a marriage contract can be solemnized in New York is by «written contract» witnessed and acknowledged before a judge «in the manner required for the acknowledgment of a conveyance of real estate.»

Bob Shapiro, president of City Center Real Estate, said 421a or something like it will eventually reemerge from the program's ashes, but that it's likely to not be so welcoming to developers, by increasing the amount of onsite inclusionary housing required.

Some controlled by real estate interests are named for streets or addresses — Arwin 88th Street LLC or 134 W 58 LLC — that require some digging to connect the dots.

There seemed to be a consensus that workers should be better trained, but a bill requiring that has been blocked in the NYC Council by real estate interests.

The Real Estate Board of New York has attacked a bill supported by many tenant advocates that would require landlords to put tenant relocation funds into escrow while repairs to unsafe buildings are made.

«Today's sentence holds accountable this defendant who tried to profit from Brooklyn's booming real estate market by developing this fraudulent scheme to illegally speed up work on properties and violate required safety protocols,» Brooklyn District Attorney Eric Gonzalez said in a statement.

The mayor's plans, backed by the Real Estate Board of New York, propose an end to 421a breaks for condo projects as well as a required inclusionary policy for affordable units to be built in buildings receiving the tax breaks.

Loan: Banks will usually secure their loans by requiring extra collateral such as real estate, equipment, inventory, receivables, or your house.

This fall, HUD will propose reforms to the Real Estate Settlement Procedures Act (RESPA) that would promote comparative shopping by consumers for the best loan terms, provide clearer disclosures, limit settlement cost increases, and require fee disclosure.

Note that some states require real estate contract to be in writing or else they are voidable by either party.

The home inspection is not required but is highly recommended by most real estate professionals - especially for first time home buyers.

Many young professionals are intimidated by the prospect of investing in real estate because they believe that this type of venture will require an initial investment of thousands of dollars.

Under the Real Estate Settlement Procedures Act (RESPA), lenders are required by law to provide this estimate, also known as a good faith estimate, within three days of the lender taking a borrower's loan application.

Passive investments in real estate offerings managed by professional sponsors require little - to - no work -LSB-...]

Mortgage — This term is used in real estate loans; with a mortgage, money loaned is secured by collateral of a specific property and a borrower is required to pay it back in a set number of payments.

The new law imposes a fee of $ 75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to -LSB-...]

Collateralizing your small business loan with assets (such as real estate, equipment, or other valuable asset), that can be sold by your lender should your small business default on a loan, is frequently required by traditional lenders like the bank.

The minimum down payment required by mortgage lenders is 3 % of the house's price, and a 20 % down payment is recommended by the real estate industry.

The idea is for these borrowers buying real estate insured by FHA to earn equity quick when the market surges so they can refinance into a home loan that does not require mortgage insurance.

If an advertised lender / broker solicits you for a loan application, that lender / broker must make certain disclosures to you as required by the Federal Truth In Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA) and other federal and state laws.

E.g. you capitalize real estate's profits by dividing the operating cash flow by your required Cap Rate.

RESPA attempts to regulate settlement costs by requiring lenders, mortgage brokers or servicers of home loans to provide disclosures to borrowers that will inform them about real estate transactions, settlement services, relevant consumer protection laws and any other pertinent and timely information connected to the cost of the real estate settlement process.

Review these services with your real estate to see if all are required by local law and custom.

When real estate is being used as collateral, banks and other regulated lenders are required by law to obtain third - party valuation on transactions of $ 50,000 or more.»

«Certified appraisals are required for loans greater than $ 250,000 secured by commercial real estate.

TORONTO — At least 85 real estate companies have not implemented a plan showing how they are trying to detect money laundering and other suspicious transactions, nearly 15 years after they were required to do so, according to data obtained by The Canadian Press.

Lenders and brokers are required by Federal law, known as the Real Estate Settlement Procedures Act (RESPA) to give you a booklet called «Shopping for your home loan - HUD's Settlement Costs Booklet» when applying for a mortgage loan.

Real Estate Settlement Procedures Act (RESPA - 1974) designed to protect prospective homeowners by requiring disclosure by lenders of settlement fees and costs during the lending process.

Some experience in real estate or a well - defined plan for the property will also be required by the lender.

2For new business owner - occupied commercial real estate mortgages from $ 25,000 to $ 1,500,000: (a) a 0.5 % relationship rate discount may be available if your business either (i) has or opens at time of closing a Santander Business Checking Plus account, or (ii) has in its Santander business checking account (s) at the time of the application, a minimum balance, which required minimum balance is determined by Santander Bank in its sole discretion and is subject to change at any time at the sole discretion of Santander Bank; and (b) a 0.5 % electronic payment (E-Pay) rate discount may be available if your business has or opens at time of closing a Santander business checking account, and sets up monthly E-Pay payments for the closed loan, line of credit, or mortgage to be automatically deducted from that account.

By law, a REIT is required to invest at least 75 % of its assets in real estate and earn at least 75 % of its gross income from real estate investments.

As many aspiring real estate investors have discovered, getting your first rental property is often the most difficult because of the large down payment required by lenders.

August 2, 2016: B.C.'s foreign buyer tax — Introduced by the B.C. government, this measure requires anyone buying a home in the Greater Vancouver area, who was not a Canadian citizen or permanent resident, to pay an additional 15 % tax in addition to all the existing costs associated with a real estate purchase.

Essentially and simply put, this will limit the ability of the Chinese to invest in real estate in the US (and other locations) and will require scrutiny and approval by the relevant Chinese agencies.

Led by the firm's head of real estate Andrew Bembridge, the deal was made even more challenging by the fact it was a share sale transaction and there were no warranties on the underlying environmental state of the properties, requiring extensive due diligence procedures from all parties (including ensuring that representations made at interviews between the buyer and seller on environmental issues were not binding).

They were required to sign a document at closing acknowledging that the house had a snake infestation, but were «assured by their real estate agent that the snakes were just a story invented by the previous owners to leave their mortgage behind.»

They include: (1) regulatory law and enforcement work, because industries from banking to private equity funds to large oil companies will likely be targets of the new administration, while health insurance companies will be subject to heightened regulation; (2) litigation, because a Democratic administration will probably push back tort reform measures, giving rise to more lawsuits; (3) «green» law, i.e., representing companies that deal in green technology, whose growth will be stimulated by likely tax incentives as well as a cap and trade system; and (4) real estate, because the bailout legislation will most likely require banks availing themselves of the benefits to begin issuing mortgages again.