Primary Residence


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Primary Residence

The house in which the borrower will live most of the time, as distinct from a second home or an investor property that will be rented.

References in periodicals archive ?
The primary residence which is mortgaged must have a maximum market value of up to e1/4350,000.
During the meeting, HRH the Crown Prince directed the National Audit Office (NAO) to investigate the electricity and water bills of Bahraini citizens at their primary residence (single account), as well as individuals and establishments, in order to ensure that there are no technical and procedural deficiencies in the water and electricity billing mechanisms.
Estia seeks to encourage distressed borrowers to start servicing their primary residence mortgages, subject to certain eligibility criteria such as income, wealth and property value.
Because the homestead exemption may only apply to a primary residence, state law currently provides that the homeowner can continue receiving their exemption on a property damaged due to a natural disaster for up to two years, while living elsewhere and rebuilding the primary residence.
Respondents totaled 3,000 renters as defined as those who rent AND who moved their primary residence in the past 12 months, and 1,323 tenured renters, who are defined as those who rent and who have not moved their primary residence in the past 12 months.
It relies on the endangerment standards which is fundamental part of family law, recognizing a child's best interest in stability of the custodial arrangement.<br />The opinion means that when a parent seeks more time with the child, the issues of whether or not the motion is a de facto custody modification, whether or not the child's primary residence is at issue and whether the request requires the court to determine whether the child is in danger, Boulette said.<br />From weekends to weeks<br />The parents had joint legal custody and the mother had sole physical custody of a son born in 2010.
Attorney Craig Morgan said the evidence shows Kirkpatrick at the time considered a Phoenix condominium as her primary residence.<br />Even if Morgan does not succeed in having her name removed from the ballot for Congressional District 2, the questions about where Kirkpatrick was living could cause her other legal heartburn.<br />One is that her Phoenix property is listed -- and taxed -- as her primary residence.
According to Sinsheimer, "This townhouse is especially attractive because it will be delivered vacant at closing, which will give a user or investor the option of easily redeveloping it as a single family residence or maintaining it as a two-unit townhouse." The primary residence consists of the parlor level through fifth floor and includes five bedrooms, three outdoor spaces and four bathrooms.
We thank them from the bottom of our hearts and will work hard to ensure anyone who lost their primary residence as a result of this disaster receives assistance."
Senior Circuit Breaker Information Session Residents who pay either property tax on their primary residence in Massachusetts or pay rent to a landlord for their primary residence in Mass.
The survey conducted by Leger Marketing found that four-in-five (80.9 per cent) of the Generation Y sample indicated that they have plans to move to another primary residence at some point in the future, with significant proportion (39 per cent) stating that they have a move planned at some point in the next two years.
Not surprisingly, real estate loans are the largest contributors to total noncurrent loans, with commercial real estate and primary residence loans accounting for 83 percent of all noncurrent loans in the first quarter of 2012.