Sentences with phrase «than the appraised value»

Provided the home is sold to repay the loan, the borrower will never owe more than the appraised value of the home.

• The home's purchase price must be no more than the appraised value of the property.

Our buyer thought it was wonderful to buy it for less than the appraised value.

However, the sales price can not be higher than the appraised value of home home.

Keep in mind, however, that the tax assessment likely will be lower than appraised value because it isn't the market value or possible selling price for your home.

Cash money, however, may be required if there is a lien on the automobile that you are trading and the balance is greater than the appraised value of your trade in.

This estimate may be much higher than the appraised value because it represents replacement for property loss rather than market value.

Essentially, what many owners believe their home is worth is often much different than their appraised value.

Do you happen to know if this could potentially help me with getting the sale done since I am willing to pay more than the appraised value?

If you found yourself in a situation where you absolutely had to sell your house in one week, you would most likely have to settle for much less than the appraised value.

However, the sales price can not be higher than the appraised value of home home.

The selling price could be higher or lower than the appraised value.

A lender will not approve a conventional loan if the loan amount is higher than the appraised value of the home.

The dispute began over efforts to expand the plaza on the New York side of the bridge, with Canadian members of the authority's board expressing concern about spending far more for land than its appraised value.

Some homes in very hot housing markets will sell for inflated prices within weeks and therefore the overall market values for real estate could wind up being higher than their appraised values due to demand.

However, being that a reverse mortgage is a nonrecourse loan, you never owe more than the appraised value of the home.

For example, parents call sell a home to their child and the child can purchase it with an FHA loan without a down payment as long as the sales price is at least 15 percent less than the appraised value of the property.

This shows a narrowing gap, as homeowner estimates in June were 1.70 percent lower than appraised values.

Remember, a reverse mortgage is a nonrecourse loan, meaning you never owe more than the appraised value of the home.

But now that housing prices are depressed, property tax appraisals are routinely higher than the appraised value of the house.»

Fourteen parcels were sold to the same buyer for only $ 85 million, fully $ 43 million less than the appraised value.

Several years ago, investigators from the FBI and state Attorney General's office interviewed Halfmoon officials about the town's sale of seven parcels to another local developer who purchased the properties for much less than the appraised value.

It's still a great benefit for your financial situation if you are able to purchase a home for less than the appraised value, but market guidelines do not allow us to use this «instant equity» when making our loan decision.

The FHA insured such mortgages because the loan amount was always far less than the appraised value of the property.

It is still a great benefit for your financial situation if you are able to purchase a home for less than the appraised value, but our investors don't allow us to use this instant equity when making our loan decision.

Keep in mind that a reverse mortgage is a nonrecourse loan, meaning you never owe more than the appraised value of the home.

However, a reverse mortgage is a nonrecourse loan, meaning you never owe more than the appraised value of the home.

However, a reverse mortgage is what is known as a nonrecourse loan, meaning you never owe more than the appraised value of the home.

A reverse mortgage is a type of loan known as a nonrecourse loan, which means that you can never owe more than the appraised value of the home.

So, if you agree to buy a home for $ 150,000, and the appraiser puts the value at $ 140,000, the lender isn't going to give you a dime more than the appraised value.

Since you can not get a loan for more than the appraised value, and the seller will have a difficult time finding another buyer who is willing to pay more than the home is worth, it is in the interest of both parties to try to work this situation out.

VA home loans do not require a down payment, unless the purchase price is more than the appraised value or in excess of current loan limits.

A non-recourse mortgage loan: you or your estate will never owe more than the appraised value of the home when it becomes due and payable.

However, if the remaining equity is lower than the appraised value of the property, your heirs might have a hard time paying back the loan if they want to keep the home rather than sell it.

No idea whether if there is a successful bidder the amount bid will be less than, equal to or more than the appraised value of the auction items.

Mr. Market obviously thinks that either the auction will bring less than the appraised value or that management somehow will not return the entire value raised at the auction to shareholders.

Older Home Policy, also known as HO - 8 or the Modified Coverage form, is designed for older homes and historic homes where historic aspects and some structural peculiarities of the building make its replacement cost considerably higher than the appraised value of the house estimated on the basis of the present day market value of the materials.

A home appraisal can have two results; the asking price is equal to or less than the appraised value or the asking price is more than the appraised value.

If you are offering significantly less than appraised value, provide recent comps and income analysis that supports the disposition price, suggests Mark Polon, CCIM, president of RIISnet in Fairhope, Ala., and instructor of the CCIM Institute's «Troubled Assets» workshop.

Listen to your agent and let the buyer know that you simply can NOT pay more than the appraised value.

I explained to the broker, the option is price is higher than the appraised value, we got a higher deposit because of the option, and we are not responsible for maintenance and repairs because of the option to purchase.

(For instance, estimates from Philadelphia homeowners were 2.94 percent higher than appraised values; on the other end of the spectrum, appraisals are outpacing expectations of Denver homeowners by 3.04 percent.)

Often less than the Appraised Value.

The buyer refused to pay more than the appraised value.

Do you happen to know if this could potentially help me with getting the sale done since I am willing to pay more than the appraised value?