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20 Aug 2012, 8:18 am
If the homeowner lives in the home for life, the homeowner never need pay against the reverse mortgage, but at the homeowner’s death, the home must be sold to repay the reverse mortgage principal plus interest and other costs. [read post]
31 Oct 2012, 12:57 pm
Once the fee is paid, the people committing the fraud disappear, and the homeowner is left with the same mortgage and foreclosure risk plus the loss of the fraudulent fee that was paid. [read post]
25 Feb 2019, 4:00 pm
The Ministry of Finance’s website is clear on the quantum of the land transfer tax applicable when a parent transfers a portion of their property to a child while there is an existing mortgage: “The value of the consideration will include one half of the principal balance and accrued interest still owing under the mortgage, plus any other consideration that is given for the child to obtain the parent’s half interest in the property. [read post]
26 Feb 2019, 6:00 am
The Ministry of Finance’s website is clear on the quantum of the land transfer tax applicable when a parent transfers a portion of their property to a child while there is an existing mortgage: “The value of the consideration will include one half of the principal balance and accrued interest still owing under the mortgage, plus any other consideration that is given for the child to obtain the parent’s half interest in the property. [read post]
22 Jun 2011, 10:10 am
Plus there would be no repayment penalty. [read post]
8 Mar 2012, 5:30 am
According to the CFPB and White House, the relief to be provided by the five banks to servicemembers includes: A review of the file of any servicemember foreclosed upon since 2006 and compensation equal to a minimum of lost equity, plus interest and $116,785 to any servicemember who was wrongly foreclosed upon. [read post]
9 Aug 2017, 8:20 am
Therefore, the heirs of the borrower, after their death, have the option of repaying the sums due, or selling the property and then paying off the amount of the reverse mortgage, plus any interest accrued. [read post]
27 Sep 2010, 12:03 pm
What is a reverse mortgage? [read post]
1 Nov 2023, 6:23 pm
That may not be possible to swing in a world where there is only one income on the application plus any meager child support you are paying. [read post]
9 Jan 2012, 1:00 am
If Stephen's home is foreclosed upon and the bank forgives a $50,000 debt, he will owe taxes for his actual annual income, plus this $50,000. [read post]
30 Nov 2007, 3:53 pm
This will lead to an estimated million plus [...] [read post]
3 Nov 2011, 4:37 am
My wife and I will be making the entire mortgage payment. [read post]
17 Aug 2009, 2:15 pm
ASIC has announced changes to hardship withdrawals from frozen mortgage funds. [read post]
9 Jun 2011, 7:25 am
Fortune concluded that the lack of Countrywide endorsements plus the bank's representation to the court that the documents are accurate calls into question the securitization of the loans as well as the bank's right to foreclose. [read post]
6 Aug 2018, 6:00 am
This article details options to lowering or delaying mortgage payments for Fannie Mae, Freddie Mac, FHA, VA, and RHS mortgages. [read post]
13 Jan 2009, 6:33 am
Plus, state-tracked child support arrears can become liens on your spouse's post-divorce property; as a result, your spouse cannot refinance or sell that property without paying you! [read post]
18 Oct 2018, 4:54 pm
Author: Catherine Way, Digital Marketing Manager for Prime Plus Mortgages Prime Plus Mortgages is a licensed hard money lending company. [read post]
12 May 2010, 2:02 pm
If your new housing payment (including taxes, insurance, or condo fee) plus your car, credit, and other loan payments is higher than that number, you could be over-extending yourself in the eyes of investors today. [read post]
12 May 2010, 2:02 pm
If your new housing payment (including taxes, insurance, or condo fee) plus your car, credit, and other loan payments is higher than that number, you could be over-extending yourself in the eyes of investors today. [read post]
27 Apr 2015, 10:41 am
Plus you get to deduct the interest on another $100,000 worth of debt secured by one of your homes. [read post]
