Examples of Physical Assets in a sentence
Applications containing documentation that the applicant and/or owner has a recorded warranty deed, a recorded long term lease, or approval of Transfer of Physical Assets (TPA) from the appropriate HUD, Rural Development, or SDHDA office for existing projects in the name of the applicant will receive 25 points.
The proceeds of issuance will, at the discretion of the Portfolio Administrator, be invested in Ancillary Assets or maintained as cash balances and will be held in the Margin Account along with the proceeds of short selling the Physical Assets.
For acquisition and rehabilitation properties that are federally assisted and require a Transfer of Physical Assets (TPA) approval, documentation showing that a transfer request has been submitted must accompany the application in order to have a valid option/purchase contract.
For HUD financed properties involving a Transfer of Physical Assets (TPA), the application must contain written correspondence from the local agency’s state field office which confirms that a transfer package has been submitted and pending approval.
Applications containing documentation that the applicant has a recorded warranty deed, a recorded long term lease, or an approval of Transfer of Physical Assets (TPA) from the appropriate HUD, Rural Development, or SDHDA office for existing projects, which is in the name of the applicant will receive 25 points.