Sentences with phrase «use the property as»

Manafort «borrowed millions of dollars in loans using these properties as collateral, thereby obtaining cash in the United States without reporting and paying taxes on that income,» the indictment says.

«Manafort used his hidden overseas wealth to enjoy a lavish lifestyle in the United States, without paying taxes on that income,» the indictment says, adding, «Manafort then borrowed millions of dollars in loans using these properties as collateral, thereby obtaining cash in the United States without reporting and paying taxes on that income.»

BB&T Bank sold one of its closed branches in Bethlehem Township to a physician group that plans to use the property as a medical office.

Lagos State has one of the most expensive housing markets of any city in Africa, and, as the rich increasingly use property as a store of value, poor people — especially those who live around wealthy neighbourhoods — are at greater risk of losing their homes.

(b) The home equity value of one's residence can also be accessed by using the property as collateral for either a home equity loan or a reverse mortgage.

There are loans specially designed for home owners that use the property as collateral...

You also must use the property as your primary residence.

The creditor must be using the property as security for a financial credit instrument.

This type of mortgage allows you to use your property as security for additional purposes.

Basically, the borrower must be a first - time home buyer and must use the property as their principal residence.

First of all, you do not take any risk using your property as collateral.

A mortgage is a security document that allows the borrower to keep title of the property while using the property as security or collateral for a loan.

If the value of the property can not be sufficient to pay off the mortgage in case of default on the part of the borrower, then the purpose of using the property as collateral is defeated.

Debt consolidation loans are of two formats; the secured format that applies to homeowners where they use their property as collateral and the unsecured form that does not need a collateral placement.

A home equity line of credit or home equity loan uses the property as collateral to secure a personal loan.

This limitation (to the extent of rental income) will apply to expenses carried forward to another year even if you do not use the property as your home for that subsequent year.

This describes whether a borrower will be residing in a property as an owner occupant, maintaining the loan as an investor, or using the property as a second home.

Secured loans which use property as collateral -LSB-...]

If you use your property as a rental property or as a home office or other business purposes, you will be required to itemize your tax return to claim your deduction.

To qualify for the home sale exclusion, the taxpayer must have owned the property and used the property as the taxpayer's principal residence for any two of the most recent five years (determined with reference to the sale of the principal residence).

Unlike home equity lines of credit, funds borrowed against a reverse mortgage line of credit do not have to be repaid until the homeowner dies or otherwise stops using the property as his or her permanent residence.

In addition, if you paid for your home in cash and later on used the property as loan security, you can not claim the interest of the loan secured by property as tax deductible.

The lender then uses the property as collateral or «security», to ensure that the loan is repaid.

This rule generally applies if you owned and used the property as your main residence for at least 2 out of the 5 years before the date of sale.

You have to live somewhere and this analysis does not compare the specifics of renting versus the specifics of buying a house outright, buying a house with a mortgage or using the property as an income source.

Using a property as an example (in Australia), if all your expenses each month (loan interest payments, council and water rates, insurance and / or strata, advertising and management fees, depreciation, and maintenance expense) are greater than your income (rent), then you are negative gearing the investment property.

I was leaning more towards the investment route as I am young and will be using the property as a rental when I eventually decide to move on to the next place.

At FastGuaranteedLoans.com you won't need to use your property as collateral.

Discuss the pros and cons with a financial adviser because you would be using your property as collateral.

However, you could lose your home if you default, because you're using the property as collateral.

Therefore, if the taxpayer used the property as a principal residence in year one and year two, then rented the property for years three and four, and then used it as a principal residence in year five, the allocation rules would apply and only three - fifths (3 out of 5 years) of the gain would be eligible for the exclusion.

With a car loan or mortgage, you can work out a lower rate using your property as collateral.

Whether you need financing for buying a property or you want to use your property as collateral to obtain inexpensive financing, a mortgage home loan is what you need.

However, if you purchase or use the property as a rental property, then the IRS will allow you to deduct HOA fees.

The bank is using the property as collateral.

I agreed that we could help trap, and she agreed that she would feed / water them, and continue to allow them to use her property as home.

The presence of resident barn cats may also help discourage stray cats from using your property as a breeding site.

If they are using the property as a vacation home, then it is possible to rent it out during the months when they are not going to be there and it can virtually pay for itself.

Use the property as the setting for an unforgettable event, explore the area's animal reserves and tea plantations or treat yourself to a spa day at the villa itself.

Unlike many other Bali villas, the owners use this property as their home in Bali.

not delving into the client's long - term plans for the property, and then failing to follow up on appropriate zoning or bylaw searches to ensure the client can use the property as intended;

Property use and access In most cases, the buyer will reside in and use the property as if they were the owner.

Rebates are available for up to 36 % of the GST if the Buyer is going to use the property as a principal residence.

In California, the co-owner can assign their interest in real estate to another, without consent of the co-owner, and this converts the tenancy to a joint tenancy; this also happens if you use the property as collateral.

Again, it is important to remember that separate, inherited property could be modified into marital property if there is an intent to use the property as a joint, marital asset.

Its primary reason for finding transmutation was that the parties had used the property as part of a jointly - run marina business and intended to use the business income to save for early retirement.

When applying for a home insurance quote, it is important that you provide accurate descriptions of locks on the house, make sure you use your burglar alarm if you have told your insurance company you have one (therefore reducing your premium), say if you use the property as a workplace, and once you have insurance, do not leave windows open when you are out / away from the property.

Landlord coverage is another form of homeowner's coverage in Ohio and is designed specifically for those that are using their property as an investment.

Komaransky is currently «semi-retired» in France with his family, but plans to eventually return to Miami where he used the property as a vacation home.

In Scotland, if your ex-partner's name is on a secure or short secure tenancy, they can pass it onto anyone who has lived with them and who has used the property as their main home for the last six months or more.