Sentences with phrase «under the mortgage»

Both the son and daughter live out of state and have their own homes and need out from under the mortgage payment from their parent's home.
Basically, if you can't pay your mortgage payments because you're disabled or injured, you should be covered under the mortgage insurance policy.
In other words, your children may have to become additional borrowers under the mortgage loan.
But, I guess we want to be prepared in case the listing or the offers come in under the mortgage amount.
Therefore, it is especially important for solicitors to be diligent about ensuring that lenders are made aware of all material information prior to advancing funds under the mortgage.
The value (or «equity») in a property can be worked out by taking away from the value of the property the amount you owe under any mortgages and secured loans.
But, I guess we want to be prepared in case the listing or the offers come in under the mortgage amount.
If you plan to cancel, you'll first need to talk to your lender to see if it's allowed under your mortgage agreement.
Failure to live up to obligations under your mortgage contract will allow the lender to take various procedures to collect the payments outstanding and in some cases the whole mortgage amount.
If you own a home that is rented, you do not have to carry full homeowners insurance unless the home is still under mortgage and your lender requires you to do so.
Here is one of those few cases where a private mortgage company did not properly exercise its sale rights under its mortgage and paid as a result.
As a buyer, you gain several things by being covered under a mortgage insurance policy.
The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.
It will result in the payment by the insurance company of the outstanding balance under the mortgage.
Likewise, the borrower alleged that no «rent» was payable to the claimant as she did not «rent» anything other than the money under the mortgage.
You can find those posts listed under Mortgage in the directory.
Open a bank account offering a high yield under the mortgage applicant's name and transfer the savings into this account.
This is what I would advise someone to make as a minimum additional payment, if allowed under your mortgage provider, that you can make 2 - 3 times per year.
The property must be a acceptable risk under mortgage insurance rules and be in a reasonably viable neighborhood.
When your house is under mortgage then your lender might ask you to have more coverages than required.
Apart from medical benefits, this policy plays a big role for people under mortgage loan.
I used the amortization calculator, although I accidentally added the comment under the mortgage calculator.
In a sense, a foreclosure is like a divorce proceeding, where the borrower and the lender become divorced under the mortgage terms.
However, lending regulations changed in 2009 allowing investors to have as many as 10 investment homes under mortgage.
A: The face amount under mortgage protection term insurance decreases over time, consistent with the projected annual decreases in the outstanding balance of a mortgage loan.
(1) The Superior Court of Justice may on application by the mortgagee vary or set aside a tenancy agreement, or any of its provisions, entered into by the mortgagor in contemplation of or after default under the mortgage with the object of,
Debt cancelled from the short sale, foreclosure, or mortgage modification for Qualified Principal Residences can be excluded from income under the Mortgage Forgiveness Debt Relief Act.
This entry was posted on Friday, August 7th, 2009 at 2:10 pm and is filed under Mortgage News, Refinance.
This entry was posted on Saturday, November 14th, 2009 at 12:02 pm and is filed under Mortgage News.
2.16 A savings institution, or a mortgage broker registered under the Mortgage Brokers Act, is exempt from the requirement to be licensed under Part 2 of the Act in respect of rental property management services if the savings institution or mortgage broker is acting on behalf of a person who has granted an assignment of rents to the savings institution or mortgage broker.
The proposal, which gives the industry until March 30 to comment, would expand the definition of «small» banks and credit unions and «rural» areas to allow more institutions to get relief under the mortgage rules.
Debt cancelled from the short sale, foreclosure, or mortgage modification for Qualified Principal Residences is no longer excludable from income under the Mortgage Forgiveness Debt Relief Act.
Make sure that your full and final settlement offer deals with the whole shortfall, and you do not still owe money to an insurance company for money paid out under a mortgage indemnity insurance policy.
The FSCO authorized course is required for licensing under the Mortgage Brokerages Lenders and Administrators Act (MBLAA).
52 (1) The Superior Court of Justice may on application by the mortgagee vary or set aside a tenancy agreement, or any of its provisions, entered into by the mortgagor in contemplation of or after default under the mortgage with the object of,
Assuming that the homeowner in question has an FHA loan, this situation may light a fire under mortgage lenders and loan servicing companies who've been slow to respond to homeowners» requests for assistance under FHA relief programs and other federal government programs providing help for homeowners facing foreclosure.
It can be mortgage restructuring or mortgage forgiveness program under the Mortgage Debt Relief Act.
Most lawyers issuing a notice of sale under mortgage provide 40 - 45 days, as part of their due diligence, since any miscalculation of time voids the entire process and leads the power of sale to be recommended.
The third - party lender has a license from the Ohio Department of Commerce to lend under the Mortgage Loan Act or Small Loan Act.
He takes great pride in now being able to provide outstanding products and services to his customers under the Mortgage Equity Partners brand.
But after buying that home, they chafe under the mortgage and want to get it off their backs as soon as possible.
If you want to get out from under your mortgage more quickly, Streamline loans can have a maturity ranging from 10 - 30 years.
Chapter 13 is frequently used to prevent a mortgage holder from foreclosing while giving the debtor an extended time to come current under the mortgage.
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Ten years and two kids later, the couple were laboring under a mortgage as well as a whopping $ 106,000 in consumer debt.
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