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If you cannot make a payment on time, you should contact your lender immediately and discuss how to handle late payments. Arthritis Health Center.
Equity: The difference between the fair market value of a property and the current indebtedness secured on the property. Escrow: A situation in which a third party, acting as the agent for the buyer and the seller, carries out the instructions of both and assumes the responsibilities of handling all the paperwork and disbursement of al islami cash advance average credit score to get a personal loan settlement or at closing.
Escrow Holdback : Funds retained by the escrow company after the close of escrow until repairs andor required termite work has been completed. Evidence of Insurance : Written documentation from a hazard insurance company that a homeowners policy is in existence on a property. Typically, this is NOT an insurance policy, but a commitment from the insurance company to provide a policy for a specific property at a specific time and premium amount.
Faculty Recruitment Allowance Program: A University of California program authorizing the granting of special housing allowances to assist with down payments, mortgage payments, and other housing related costs. The assistance may be paid in one lump sum or over a period not to exceed ten years in equal, unequal, or declining balance amounts.
The maximum assistance amount is indexed based upon salary increases for faculty. The eligible population for the program is full-time University appointees who are members of the Academic Senate or who hold equivalent titles and Acting Assistant Professors.
Campuses have the option to require repayment of a portion of the housing allowance in the event that the recipient leaves University employment prior to a specified date.