For a list of available units for sale, please visit our web site for .These properties are privately owned homes and the City's role is to monitor the sale and assist the prospective eligible buyer to purchase these properties.A qualified buyer may elect to purchase the proprty with or without the City Second Loan and the City will excercise its right to assign a buyer during the Right of First Refusal period.Please see loan terms under City Second Loan Program overview.We review Core FFO per share to evaluate our ongoing operating performance, and we believe it is used by investors and REIT analysts in a similar manner.However, Core FFO per share is not a substitute for net income per share.Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time.
It enables individuals with regular income to develop a plan to repay all or part of their debts. During this time the law forbids creditors from starting or continuing collection efforts. The debtor must also file a certificate of credit counseling and a copy of any debt repayment plan developed through credit counseling; evidence of payment from employers, if any, received 60 days before filing; a statement of monthly net income and any anticipated increase in income or expenses after filing; and a record of any interest the debtor has in federal or state qualified education or tuition accounts. Properties under this program can be sold at the market price. While the City maintains a "Right of First Refusal," owners or listing agents of these properties must notify the city prior to putting the properties on the market and the available unit must be listed on the MOHCD website.The City maintains the option to purchase the property or assign such right to the qualified buyer on the same price offered by a bona fide purchaser within the Right of First Refusal period that is stated in the seller's GRFR, after the purchase agreement is ratified. Once program eligibility is established, the qualified buyer must have their real estate agent contact the listing agent or the owner directly.Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. This chapter discusses six aspects of a chapter 13 proceeding: the advantages of choosing chapter 13, the chapter 13 eligibility requirements, how a chapter 13 proceeding works, making the plan work, and the special chapter 13 discharge. There are exceptions in emergency situations or where the U. trustee (or bankruptcy administrator) has determined that there are insufficient approved agencies to provide the required counseling. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period "for cause." (1) If the debtor's current monthly income is greater than the applicable state median, the plan generally must be for five years. Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. If a debt management plan is developed during required credit counseling, it must be filed with the court.