Sentences with phrase «sell it to repay»

However, some of your property might have to be sold to repay your creditors, according to Nolo.

You are permitted to keep key assets, considered «exempt» property, but «non-exempt property» will be sold to repay part of your debt.

Note: The servicer may send pre-foreclosure notices to borrowers or heirs who are trying to refinance the property or sell it to repay the loan.

If the borrower fails to repay the loan as per the agreement, the lender may take ownership of the collateral and sell it to repay the loan.

Usually, once the last borrower leaves the home, it is sold to repay the loan, and the remaining equity is distributed to reverse mortgage heirs.

Therefore being a homeowner reduces the risk involved in the transaction for the lender because there is a property of significant value which can be sold to repay the debt in case of default even if they have to wait for a long legal process.

Liquidation means your assets may be sold to repay your debt.

Some of your property may be sold to repay your creditors as well.

In many cases, the property is sold to repay the reverse mortgage balance.

Some property is considered «exempt» from the creditor's reach, while other property is «non-exempt,» meaning that it can be sold to repay creditors.

You lender can start legal action to take possession of your house to sell it to repay your home loan.

There's no incentive for them to cancel your miles on account of bankruptcy, and no other creditor would seek to have you sell them to repay a debt because the terms and conditions say that the points «have no cash value and are void if sold, purchased, brokered or bartered.»

In exchange, some of your possessions could be sold to repay some of your debts.

Typically, the home is sold to repay the debt.

With a FHA - insured3 reverse mortgage loan you'll never owe more than the appraised value of your home when the loan comes due, so long as the home is sold to repay the loan.

In addition, provided the home is sold to repay the loan, your heirs will not be personally liable if the loan balance exceeds the value of the home.

Heirs aren't personally responsible for the debt, but the house will have to be sold to repay the reverse mortgage unless there are other ready funds, retirement savings or life insurance, or the adult child can qualify for a new mortgage.

Not exact matches

Bitcoin has slumped more than 20 % this week amid increased regulatory scrutiny in the U.S. and Japan, an attempted theft at one of the biggest trading venues, and news that the bankruptcy trustee for Mt. Gox has started selling the now - defunct exchange's holdings to repay creditors.

Wellard chief executive Mauro Balzarini has sold a big chunk of his stake in the local agribusiness to a Chinese firm and repaid the company $ 16.3 million through his private investment vehicle.

a government, corporation, municipality, or agency that has issued a security (e.g., a bond) in order to raise capital or to repay other debt; the issuer goes to an underwriter to get their securities sold in the new issue market; for certificates of deposit (CDs), this is the bank that has issued the CD; in the case of fixed income securities, the issuer of the security is the primary determinant of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc..)

The investor would be repaid when the house was sold and the repayment would be based on how much the home's value has changed according to a house - specific index created by Weiss Residential Research.

Solyndra said in documents filed in Delaware's bankruptcy court that it plans to spend the next four weeks trying to drum up interest among potential U.S. and foreign buyers to avoid shutting down permanently and selling its assets piecemeal to repay its creditors.

difficult or impossible to refinance debt that is maturing in the near term, some of our portfolio companies may be unable to repay such debt at maturity and may be forced to sell assets, undergo a recapitalization or seek bankruptcy protection.

If the borrower has made no provisions and is unable to make the necessary adjustment, they may need to sell the property to repay the loan.

Among them: Greeks would not take adequate structural reforms to spur growth, they would not sell enough of their assets to repay their debt, and they were unable to undertake sufficient fiscal austerity.

For example if local governments are forced to sell off assets and use the proceeds to write down or repay debt, they can reduce the debt burden without reducing total spending.

Finally, some interest - only borrowers may have to consider selling their properties to repay their loans.

The lender will either hold the property until you can repay or sell the property to recoup some of their money.

You are only bound to repay it when you leave the home, or sell it, or pass away (your heirs will be responsible for repayment in that case).

So the only effect that the $ 85 billion that was given to it was to repay the pals of Paulson who sold out the quickest.

Lehman Brothers assets, real estate holdings, and operations were quickly sold off to repay investors.

The audits have found minor financial problems, such as discrepancies between a branch's stock and branch sales, cases where a branch sold goods to a CHP on credit and then the CHP migrated without repaying, and overbilling.

This means that in the event that a borrower fails to repay, we would seek to recover the outstanding loan by selling the property and passing the proceeds on to investors.

This occurs when a particular underwriter repays to the underwriters a portion of the underwriting discount received by it because the representative has repurchased shares sold by or for the account of such underwriter in stabilizing or short covering transactions.

This occurs when a particular underwriter repays to the underwriters a portion of the underwriting discount received by it because the representatives have repurchased shares sold by or for the account of such underwriter in stabilizing or short covering transactions.

This occurs when a particular underwriter repays to the other underwriters a portion of the underwriting discount received by it because the representatives of the underwriters have repurchased shares sold by or for the account of that underwriter in stabilizing or short covering transactions.

If you fail to repay your loan in accordance with its terms, we may place your loan with, or sell your loan to, a third - party collection agency or other company that acquires and / or collects delinquent consumer debt.

Nasri wanted to stay and repay Wenger, Silent Stan sold him.

Another option is to sell revenue bonds, which could be repaid with profits from the complex, projected to be about $ 200,000 to $ 450,000 a year, Randich said.

I've read that in ancient Babylon, men could borrow money by offering their wife and children as collateral - to be sold into slavery if the debt wasn't repaid.

There is one source of funding for the amphitheater: The county would sell $ 49.5 million in bonds to be repaid by a new source of income from the Oneida Indian Nation.

Although the Bills» 93 - year - old owner Ralph Wilson has maintained that he has no intention of selling the team during his lifetime, he has indicated his heirs would sell the team, meaning any G - 4 loan the Bills might receive for stadium upgrades would likely have to be repaid before the end of 18 - to 20 - year term of the loan.

The clause requires owners to fully repay the loans if the team is sold.

When we sell off the government's shares in the banks every penny will go to repay the national debt.»

It was they who lent American house buyers more money than they could hope to repay, and sold on the risk in ever more complex, opaque packages, rewarding themselves handsomely in the process.

The country's debts have been repaid in full, people are again selling houses for five times their worth, and Bertie Ahern is set to become Taoiseach again.

While a portion of the amount will be repaid in cash by Fiat, the remainder will come from the selling of private securities to investment firms.

He's planning on keeping her to repay his debt to another man, by selling her.

(If you are only concerned about first repaying the $ 100 out - of - pocket cover cost, you would need to sell 31 copies to recover that using these numbers and pricing.)

Fact: When the loan reaches maturity in the future, your heirs may choose to sell the home to repay the loan.