If there is "multi-financing" on the property already the new lender would only loan more money if there is enough equity in the property to justify the loan. You would need to consult with a lender to determine what the fees would be in your area.
Creative Financing would mostly be used by bankers or sales associates who are trying to get financing for an individual who would not be eligible for the more common forms of financing.
The Property Investment Advisor would be the person qualified to give property investment advice. Property Investment Advisors are trained to turn investments into large multi-million dollar portfolios.
The same way you would for a single family property, the only difference is the maximum LTV allowable. It depends on how many units the property is, 1-4 units is considered residential but 5 units and up is commercial and has different guidelines. Also a factor is if this will be an owner occupied property or is this a property you are buying as an investment. If you have any further questions on this subject or any mortgage related subject please feel free to contact me. Thank You, Edward David Sr. Loan Officer Stanley Capital Mortgage Co. 347-254-8311 EDavid@StanleyCapital.com
I would assume property damage is referring to whatever you hit or wrecked your car into.
It means the seller has agreed to sell the property to a buyer but there are contingencies. Typically those would be inspections, financing commitment, appraisal and survey.
A note on property is just simply being owed money on a property in private financing. If a family member finances a home for you with their own money. You are making payments to that family member, they would hold the note and should be on the deed to the property.
You do not have to pay for your own eviction, and if you are given such a charge, I would advise you not to pay it. However, if you were evicted because you have damaged hotel property, that is another matter. You are liable for damage that you cause.
The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.
At our cemetery we would charge you $50.00 to transfer your cemetery property to your daughter. It is just a matter of filling out a transfer form... listing the location of the property and you signing the paperwork. She would then receive a deed in her name. That would give her full ownership and you would no longer have any interest or rights in that property. We also have a "permission to use form." On that form you would just be giving her the right to use the cemetery space but you would still own it. There is no charge to do this.
The Chicago Tribune has help for financing or Robert Half has a financing and account website. His firm is one of the largest recruitment firms. Another option is to apply for a financing internship.
The advantage to having a first and second mortgage equalling 100% financing is that you would not have to pay PMI, which would be required on a first mortgage at 100%. The second mortgage is subordinate financing, meaning it is in the second lien position on the house, and therefore does not affect the first mortgage lender's ability to persue the subject property in the event of a default on the loan. The thing to consider is that when you do this on a purchase, your first AND second mortgage lender will qualify you at the cumulative mortgage payment.
The "static" in static electricity describes that the charge is unmoving, or staying in one place. A movement of electrons is not occuring, however there is an electrical charge. The opposite would be current electricity that flows, and that you would find in electric cords, etc...