HELP! | Schedule of Real Estate Owned: |
This
section of the application is for listing all properties you may own.
This would include the home you live in if you own it, any rental properties,
a second home, or any other real estate you own outright or are currently
financing. See the instructions for each category below.
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Check
if this property is:
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Indicate whether this property is your current residence or the subject property of this application by checking the appropriate box. If both statements apply, check both boxes. If neither statement applies to this property, leave both check boxes blank. | |
Street:
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Enter
the street name and number. |
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City,
State ZIP:
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Enter
the City, State and ZIP code just as you would on a letter.
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Status:
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In
the drop-down box, select from the following choices: Choose "Sold"
if the property listed above is sold but still in your name; Choose
"Pending Sale" if it is listed on a multiple listing service, a
buyer has already given a deposit on the property, or you are trying to
sell the property yourself; Choose "Rental" if the property is
being held for income purposes; Or, choose "Retained"
if you intend to keep this property. |
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Property
Type:
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In
the drop-down box, select the closest description of the type of property
you are giving details about in this section; or choose "Other"
if none of the descriptions apply. |
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Present
Market
Value: |
Enter
the present market value of the property described. Use a recent
appraisal or comparable properties if the property hasn't been appraised
in a while. Enter the value without the ($), decimal point,
or comma's. For Instance, If the property described has a value
of $145,000.00, enter "145000". |
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Mortgage
Liens:
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List
the total amount of any liens including first, second, or third mortgagees,
private loans, or government liens against the described property.
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Gross
Rental
Income: |
If
the described property is a rental, enter the gross amount collected monthly
from this property. If it is not a rental property, leave the field
blank. |
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Mortgage
Payments: |
Enter
the total amount of mortgage payments you pay on the described property
each month on all loans financed for this property. |
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Maint.,
Taxes, Ins.:
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How
much do you spend in maintenance costs, taxes and insurance on the property
described? enter the amount in the field provided.
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Net
Rental Income:
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If
you have filled in the fields "Gross Rental Income", "Mortgage
Payments", and "Maint., Taxes, Ins.", the "Net Rental Income"
field will be automatically totaled for you. |
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