Sentences with phrase «tax lien on your home»

Not exact matches

The ad comes as Astorino's supporters have been raising the issue reported last month in The Journal News that the home owned by Latimer's late mother - in - law has a $ 46,000 tax lien on it.

But this year the IRS placed a lien on his home to recover $ 50,000 owed in back taxes, discrediting the Democratic co-chairman of the legislature's Finance, Revenue and Bonding Committee, which has jurisdiction over taxes.

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.

When a current home owner falls behind on paying their property taxes, the state or county in which the home is located often places a lien on the property until the past due taxes are paid.

For homeowners in some states, PACE loans offer what may be a more affordable alternative to conventional energy efficiency and home improvement loans, one that can be paid through a lien on their property taxes.

Having equity means the market value of your home is greater than the outstanding balance of all liens on the property — that is, your mortgage loan, any second mortgage or home equity loans, plus other liens, such as tax liens or Homeowners Association dues.

The lender places a first lien on the property, but the homeowner retains title to the home and is liable for insurance, taxes, and property maintenance.

Also are there any other debts on the home or condo such as past due water and sewer bills, condo fees, outstanding taxes, IRS or other liens.

If the IRS has filed a secured tax lien, the lien can be paid through your bankruptcy case without fear of the IRS continuing efforts to collect on its lien, such as foreclose on your home or freeze other assets.

The Canada Revenue Agency (CRA or formally Revenue Canada) has the powers to force collections of tax related debts — including wage garnishments, freezing bank accounts, investment seizures; they may even register a lien on a residential home.

Property and court records offices will report on your activity as well (for example, if you purchase a home or if there is a tax lien on property you own.)

The way that the proceeds of the sale of the home are divided depends on the mortgage debt, any other liens on the home (e.g. for unpaid property taxes), and the terms of divorce.

The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.

The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms.

on Florida Short Sales: Home Owners Selling in Short Sales Need to Be Aware of the Tax Lien Investor: Who Holds The Liens on Your Florida Property?

100 % of the Continued Use and Occupancy of your home 100 % of the income tax write off for interest and property tax 100 % financing at the «real» value of the property 100 % elimination of the over-encumbrance amount 100 % removal of all payment arrearages 100 % elimination of late charges and penalties 100 % removal of negative credit entries related to the former mortgage 100 % of all income derived from renting or leasing the property out during the term 100 % of all future appreciation 100 % of all equity build - up from principal reduction 100 % protection of the property from creditor claims and judgments 100 % protection of the property from IRS liens 100 % comfort in the knowledge that the homeowners payment is based on only a 50 % loan, even though his financing is 100 % 100 % no prepayment penalties

The lender places a first lien on the property, but the homeowner retains title to the home and is liable for insurance, taxes, and property maintenance.

For example, if the last owners of the home weren't paying their property taxes, the IRS might put a lien on the home.

Settlement agents, including one submitting an ex parte submission, and trade associations representing settlement agents and the title insurance industry offered a number of other examples: closing costs unrelated to loan costs paid by or on behalf of the consumer; payments to discharge any defects, liens, encumbrances or other matters requiring curative action discovered during a title search or examination; any prorated or per diem amount where the underlying rate does not change; insurance fees; home warranties; lender reserves for taxes and insurance and amounts paid to a State or local government; recording costs and other fees incurred for the consumer's convenience, such as wire fees, notary fees, and endorsement fees; and changes due to consumer - seller negotiations or as a result of local custom or practice.