Sentences with phrase «than the value of the property»

If the property is now worth $ 250,000 the loan amount is less than the value of the property.

No down payment required unless the lender requires it or the purchase price is greater than the value of the property.

This type of foreclosure is most commonly associated with homes where the loan amount is higher than the value of the property.

An «underwater» borrower is someone with a loan balance that is larger than the value of the property.

In situations where someone owes more on their first mortgage than the value of the property, the second is considered unsecured.

Of course, those values did not increase and people found themselves in an «upside down» position, meaning their mortgage became a higher value than the value of their property.

Even in cases where someone is able to afford a lawyer, it may not be worth it because the legal fees will likely cost more than the value of the property being seized.

For some equity release schemes, there is a guarantee that the total amount you owe can not be greater than the value of your property.

When the LTV is higher than 100 % it means that the lender is actually lending more money than the value of the property, thus incurring in a higher risk.

If the value of the loan is greater than the value of the property at the time of repayment, then with an FHA reverse mortgage the government steps in and makes up the loss to the lender.

Since the TUF is tax on property owners based on their use of their property rather than the value of the property, the TUF constituted an excise tax and so the City could not impose the TUF on property owners.

Short sales, where the owner owes more on their home loan than the value of the property, were down 50 percent to 62 homes in 2013 after 126 short sales completed in 2012.

The 10 biggest U.S. restaurants that sell for less than the value of their property, plants and equipment trade at 70 cents on the dollar, according to data compiled by Bloomberg..............................................

Appraisal: a document that gives an estimate of a property's fair market value; an appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property.

It values the property during escrow to make sure the agreed - upon purchase price isn't higher than the value of the property.

Even if people can afford to make the payments, they're walking away from their homes, given that the amount the owe is now greater than the value of the property, due to the market declines of the last few years.

HUD would actually be more right if it said the loan - to - value ratio of all financing was less than the value of the property.

The purpose of having a loan - to - value ratio in a mortgage loan is to make sure that lenders do not loan money to borrowers for more than the value of the property.

The VA loan was designed to offer 100 % financing to active and retired military personnel with no down payment necessary, unless the lender requires it or if the purchase price is more than the value of the property.

---------- ASIDE: Now, be aware that when you do this if your property value falls you could have a mortgage amount that is more than the value of your property.

If you've owned your home for a while and you owe considerably less than the value of the property, you have an untapped source of funding that you could use to purchase your rental property.

If you entered into a reverse mortgage before 18 September 2012, check your contract to see if you are protected in circumstances where your loan balance ends up being more than the value of your property.

You can reduce the coverage limits on your commercial property insurance policy if it covers more than the value of the property.

The 10 biggest U.S. restaurants that sell for less than the value of their property, plants and equipment trade at 70 cents -LSB-...]