Shared Appreciation definition

Shared Appreciation means the quotient obtained by (i) dividing (a) the MIPAP Loan Proceeds advanced by the County to the Borrower by (b) the original purchase price of the Property paid by the Borrower; multiplied by (ii) the Fair Market Value Of The Property.
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Shared Appreciation means an agreement by the lender and the borrower that, in addition to any interest accruing on the outstanding balance of a reverse mortgage loan, the lender may collect an additional amount equal to a percentage of any net appreciated value of the property during the term of the reverse mortgage loan; and
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Shared Appreciation means the amount equal to the Purchase Price subtracted from the Property's Fair Market Value minus the costs associated with the Transfer for which the Borrower is legally liable, and consists of the Owner’s Portion of Shared Appreciation and the Agency’s Portion of Shared Appreciation, each defined below. The "Owner’s Portion of Shared Appreciation" means the amount resulting from multiplying the Shared Appreciation by the percentage associated with the number of full years that have expired since the execution date as follows:
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Examples of Shared Appreciation in a sentence

  • SA loans may not exceed 25 years from the date of the original Shared Appreciation note.

  • This endorsement, when affixed to a loan policy for lands and premises which are a one to four family residence, insures against loss or damages sustained by the Insured by reason of (A) the invalidity or enforceability of the lien of the Insured Mortgage as security for the Indebtedness caused by the provisions for Shared Appreciation, or (B) the loss of priority of the lien of the Insured Mortgage as security for the Indebtedness caused by the provisions for Shared Appreciation.

  • That the debtor’s acceptance will require the execution of a Shared Appreciation Agreement similar to Guide 4 of this subpart (available in any FmHA or its successor agency under Public Law 103–354 Office) and possible new debt instruments accom- panied by Bond Counsel opinions.

  • The debtor will be required to execute a Shared Appreciation Agreement which will provide that, should the debtor sell or transfer title to the facility within the next 10 years, FmHA or its successor agency under Public Law 103–354 is en- titled to a portion of any gain realized.

  • If Rural Devel- opment determines there is no recap- ture due, the Net Recovery Buy Out Recapture Agreement (Guide 5 of this subpart available in any Rural Devel- opment Office) or Shared Appreciation Agreement (Guide 4 of this subpart available in any Rural Development Office) will be appropriately annotated, the Recapture Agreement released from the record, and the Agreement re- turned to the debtor.[59 FR 46160, Sept.

  • The debtor will be required to execute a Shared Appreciation Agreement which will provide that, should the debtor sell or transfer title to the facility within the next 10 years, Rural Development is entitled to a portion of any gain re- alized.

  • Facilitating Shared Appreciation Mortgages to Prevent Housing Crashes and Affordability Crises.

  • The Proximity Housing Share of Appreciation shall be equal to the Shared Appreciation Percentage of the Net Proceeds.

  • Shared Appreciation Loans: Buyers of homes assisted with NSP funds in a shared appreciation program shall execute a promissory note and deed of trust which will secure the loan principal plus a share of the appreciation.

  • If the mortgage provides for shared appreciation, the lender must use the Shared Appreciation Rider (Appendix 11) and the Shared Appreciation Allonge (Appendix 12).


More Definitions of Shared Appreciation

Shared Appreciation shall have the meaning set forth in Section 1.2 of the Note.
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Shared Appreciation means an agreement by the lender and the borrower that, in addition to any interest accruing on the outstanding balance of a reverse mortgage loan, the lender may
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Related to Shared Appreciation

  • Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.

  • Appreciation means a realized or unrealized increase in the value of property.

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Other Award Agreement means a written agreement between the Company and a holder of an Other Award evidencing the terms and conditions of an Other Award grant. Each Other Award Agreement will be subject to the terms and conditions of the Plan.

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Stock-Based Award means any Award, denominated in Shares, made pursuant to this Plan, including Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Deferred Stock Units, Performance Awards or Other Stock-Based Awards.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Other Equity-Based Award means an Award that is not an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, or Performance Share Award that is granted under Section 10 and is payable by delivery of Common Stock and/or which is measured by reference to the value of Common Stock.

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Other Stock-Based Awards means Awards granted to a Participant under Section 6(i) hereof.

  • Other Stock-Based Award means any right granted under Section 6(f) of the Plan.