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If a house is placed in an irrevocable trust does the trustee have the right to borrow money to reinvest in the house for improvements and maintenance?
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
Do you have to pay taxes on dividend?
it depends. if you have it set to auto reinvest then no you don't but if you get the money from the investment then yes you do.
How do you get hard money to buy real estate?
You earn it. Get a realty license and sell property. Save your money, reinvest it, and work hard.
When you sale a house that's not paid off what share of the money do you get to keep?
Money from buyer - money left to pay - costs related to the sale = your share. If selling the house don't raise enough money, you may still owe some after the sale.
Is boyfriend entitled to money from sale of house?
Yes
If a house is placed in an irrevocable trust does the trustee have the right to borrow money to reinvest in the house for improvements and maintenance?
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
Do you have to pay taxes on dividend?
it depends. if you have it set to auto reinvest then no you don't but if you get the money from the investment then yes you do.
How do you get hard money to buy real estate?
You earn it. Get a realty license and sell property. Save your money, reinvest it, and work hard.
As sole executor of mothers will do I have the final say regarding the sale of her house i have a brother and sister who will be entitled to one third of the sale?
SALE? Sale is the amount of money received by a firm by delivery of Goods/product.it is known as sale
Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
When a house is sold that is in an estate trust does the money from the sale of the house go into the estate?
Of course! The assets of the estate stay in the estate until properly distributed under the terms of the will or intestacy laws. The sale of the house is going to be subject to any mortgage or liens that may be in place.
Is there any money to be made for the seller in a short sale?
No. A short sale is a sale that doesn't bring in enough money to pay the amount owed on the note. (It is sometimes loosely used to describe a sale that brings in less than price asked for a house.) A short sale most often occurs when a homeowner is confronted with foreclosure. The homeowner asks the lender to accept a buyer's offer for their house that is less than the amount owed on mortgage loan. Because the bank is taking a loss, there is no way that a seller is going to make any money on the deal.
