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How are commercial property mortgage rates calculated in general?
Wiki User
∙ 10y ago
Commercial property mortgage rates are calculated primarily on the total value of the property being purchased. Other factors, such as down payment and interest rates will also affect the mortgage rate.
Wiki User
∙ 10y ago
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For commercial businesses what is a typical general liability?
For commercial businesses, a typical general liability includes four main types. They are, first, bodily injury, second, property damage, third, personal injury (including slander and libel) and last, advertising injury.
Does cosigning mortgage papers and not loan papers constitute ownership?
The title to the property is what defines ownership. The person cosigning a loan has no rights to the property unless their name is also on the General Warranty Deed/title.
How can you get login access to General Mortgage Acceptance Corporation?
You can get login access to General Mortgage Acceptance Corporation online by visiting the Gmac Mortgage website. Once on the page, you can use your old login info or call 800-766-4622.
What are my responsibilities to a mortgage I hold for a property that I only have a life estate tenancy in and I can no longer afford and the remainderman will not sell?
This is one of the real challenges in a life estate. State and country laws vary, but in general: The Life Tenant is responsible for the mortgage interest as well as the taxes, ordinary maintenance and repairs. The Remainderman is responsible for major repairs and the principle of the mortgage. One option may be to give up the life estate, leaving the Remainderman entirely responsible for the property, including the mortgage. This could be a negotiating point. I highly recommend visiting an attorney licensed in your jurisdiction to get help that works in your situation.
When a mortgage is refinanced what does the original lender do with the payoff money received?
The money is owed to that original lender for the loan. The lender then uses those funds for it's general lending purposes. It is for the paid in full mortgage that was made on the property. The payoff usually includes all interest due and any/all escrow accounts paid to date of payoff. Mortgage loan payments from the property owner pay interest in arrears (previous month's interest on the loan) in each month's payment, unlike auto loans which include the current month's interest with each payment. Therefore, there are no monies owed back to the property owner. However, if there is an overage in the property owner's escrow accounts, the property owner is entitled to those funds to be returned to him/her.
What in the world is commercial general liability?
Commercial general liability is an insurance policy that protects a business against lawsuits that pertain to bodily injury and property damage that may have come from the business.
What does commercial general liability insurance cover regarding contents liability?
The commercial general liability policy provides coverage for liability not contents. If you only have the CGL then there is no contents coverage. Commercial policies are generally put together by adding different policies as needed for particular coverages. There are many different commercial policies that you can combine to become your complete commercial insurance coverage. Discounts are given for combining the policies. Some of the commercial policies available are commercial general liability, commercial auto, commercial property, commercial boiler and machinery, commercial property floaters, and many more to customize the coverages needed.
Can a state certified general appraiser appraise residential property?
A Certified General Appraiser may appraise any type of property, residential or commercial, in states where they are licensed, subject to their competence; both in the type of property and geography.
Can you refinance a mortgage in California with only one owner on the new mortgage if it is a legal same-sex marriage so both would now be legally owners?
The following is general information only. It depends on who is listed as a grantee on the deed. If the property was acquired by only one then they must sign the note and mortgage. California is a community property state so it is likely in that case that the lender would require that the other spouse sign their consent to the mortgage so it can take possession of the property in the case of a default.If both are on the deed then both must sign the note and mortgage.The following is general information only. It depends on who is listed as a grantee on the deed. If the property was acquired by only one then they must sign the note and mortgage. California is a community property state so it is likely in that case that the lender would require that the other spouse sign their consent to the mortgage so it can take possession of the property in the case of a default.If both are on the deed then both must sign the note and mortgage.The following is general information only. It depends on who is listed as a grantee on the deed. If the property was acquired by only one then they must sign the note and mortgage. California is a community property state so it is likely in that case that the lender would require that the other spouse sign their consent to the mortgage so it can take possession of the property in the case of a default.If both are on the deed then both must sign the note and mortgage.The following is general information only. It depends on who is listed as a grantee on the deed. If the property was acquired by only one then they must sign the note and mortgage. California is a community property state so it is likely in that case that the lender would require that the other spouse sign their consent to the mortgage so it can take possession of the property in the case of a default.If both are on the deed then both must sign the note and mortgage.
Where can you purchase Homeowner Association Directors and Officers insurance and general liability and property Insurance?
You want to talk with a Commercial Lines Property & Casualty broker.
What types of insurances does Highpoint Insurance offer?
The Highpoint Insurance group offers commercial insurance. Their specific offers are Commercial Property, General Liability, Workers Comp, Commercial Auto, and Management Liability.
What does lro mean for general liability insurance?
"LRO" is short-hand for "Lessors Risk Only". It is designed to protect the property owner of a commercial property leased to others.
How do thermometers work generally?
In the most general terms, some physical property, which depends on temperature, is measured, and the corresponding temperature is calculated.
What happens if someone take mortgage on your property that has no legal right to do so?
If someone was able to obtain a mortgage on your property and they don't own it then the lender is out of luck if the person doesn't pay the mortgage. The bank has no legal claim to your property in the case of a default if you, the owner, didn't sign the note and mortgage. You should get a copy of the first page of the mortgage and your deed and bring/send it to the lender with a copy to the local district attorney's office and the state attorney general office consumer division in your state. The act constitutes fraud. The last few years have witnessed tremendous negligence on the part of lenders to dedicate funds to a professional title examination at the time of the mortgage. Many such errors have been discovered.
For commercial businesses what is a typical general liability?
For commercial businesses, a typical general liability includes four main types. They are, first, bodily injury, second, property damage, third, personal injury (including slander and libel) and last, advertising injury.
Can a county sheriff serve a warrant when a credit card company files a lien on property for delinquent debt?
Yes, absolutely. Credit card debt is not different from other debts in general. If there is a mortgage on the property, the lenders lien of course has priority.
Does cosigning mortgage papers and not loan papers constitute ownership?
The title to the property is what defines ownership. The person cosigning a loan has no rights to the property unless their name is also on the General Warranty Deed/title.
