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sale proceeds

    0.02 sec.
See: income


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This option of selling your property to a company and paying back the mortgage loan from the sale proceeds takes a lot of pressure off your mind and there is no fear of the lender seizing your property or running behind you every month, demanding mortgage repayment.
Under the agreement, LMS will continue to earn service fees through its 2010 fiscal year, and the company says it anticipates that the total value of the sale proceeds and related services fees to be up to US$3 million.
If the value of the property has gone down, Government and the developer will only share the sale proceeds that are left over once the mortgage has been repaid.
 
 
 
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