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It would depend on your credit worthiness. Also, if you have been paying for mortgage insurance, it may be worth checking into to see if there is some relief there.
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Can you take a capital loss on home sale to offset stock gains?
No, not if the home is your personal residence at the time of sale. A loss on a personal residence is not deductible. It cannot be used to offset any type of gains, ordinary or capital in nature.
Can you borrow against your home when it for sale?
Not usually, but it is up to the lender. Most lenders will make you take the home off the market for awhile before they will close the loan
How many federal home loan banks are there?
There are 12 Federal Home Loan Banks. They are owned by member institutions including savings and loans, commercial banks, savings banks, etc. The Federal Home Loan Banks serve as whole sale lenders to their member institutions. If you'd like to learn more about the Federal Home Loan Banks, take a look at the book, Mission Expansion and the Federal Home Loan Banks (SUNY Press, 2010).
Can you take a loss on a sale of a business asset?
Yes loss on sale of business assets is a normal things and mostly for obsolete business assets are sold on loss.
Why is a loan a liability for a bank?
The person or business may not pay the loan back and the bank has to take the loss
What is an assumable loan?
Suppose you buy a car with a loan. Suppose I really like your car, but you are getting tired of it. An assumable loan means I can take over the payments from you and the car and the loan goes into my name. Phil You can also assume a mortgage on a home when you buy it. Or you can sell your home through an assumption. It is only possible for certain mortgages - mostly Government backed loans such as FHA or VA but it is somthing that is becoming more and more popular in this constantly changing real estate market. To search homes for sale with assumable mortgages or to list your home for sale go to www.havemyhouse.com
What is better a short sale or a foreclosure?
A short sale is always better. I will tell you why very definitively. When you purchase a home on a short sale you are helping a homeowner salvage their credit and dignity and helping them out of a bad situation. You are also preventing a large loss for the bank and getting a great deal for yourself. Everyone wins if it is done correctly. A foreclosure will have a very bad effect on a homeowner's credit and the bank will in most cases take a bigger loss than they would in a short sale. A sellers credit in a short sale will be damaged to a lesser extent than a foreclosure. In most circumstances if you have done a short sale you will not be able to get another loan for two to three years. In a foreclosure it is usually around five years before you can purchase another home.
Could the US government take the proceeds from the sale of you home if you have a judgment against you because of a student loan and you filed bankruptcy?
Yes. Federally funded student loans are not dischargeable in bankruptcy.
What is the meaning of cash- take sale?
Cash-Take Sale. The customer pays for the goods and takes these home with him/her
Can they take income tax check if get repossession in Arizona?
They can take whatever the security for the loan was. For example, if you have an auto loan, they can repossess the auto. If you have a home loan, they can repossess the home. If the loan was a recourse loan and the value of whatever was repossessed was less than the amount still owed on the loan, they can get a deficiency judgment in a court of law. If the court grants a judgment, they can they take other assets.
What is loan sale in a bank?
when the bank gives youm a sale of your money you neeed to pay back ok so go take 1m from the bank
Where can a person find a home loans calculator online?
If you need a home loan calculator, you can find one at Nationwide and take advantage of a home equity and mortgage loan calculator to estimate a loan you can afford.
