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Since the property has money owed on it the property cannot be divided without the lenders ok. It may be possible to refinance and divide with the help of an attorney.
..... is in a fortunate financial position.
Yes, as long as she and the property meet the lenders requirements. You should speak with several lenders paying close attention to fees, upfront payments and how quickly the amount owed will increase every year.
Get StartedThe only permissible purpose of the Demand for Money Owed letter is for a creditor to collect debts owed to that creditor. The person preparing and signing this letter MUST be the person claiming the amount of money owed or be an employee or representative of the business claiming the money owed.If the letter is not prepared for this purpose, you may be required to comply with the stringent requirements of theattorney general's officeor a lawyer for additional information.
The interest is based on the amount owed, therefore as payments are made the balance drops as does the interest amount (not the rate). So the interest is higher at the begining, because more money is owed at the begining.
The amount of money that is owed.
Assuming Compound Interest I(n) = I(o)[1 + r/100]&(n) Where I(o) = 1250 r = 3.5% n = 4 years Substitutie I(4) = 1250[1 + 3.5/100]^(4) Hence I(4) = 1250 [ 1.035]^(4) I(4) = 1250[1.147523] I(4) = 1434.40 is the total amount owed. NB Compound interest is the usual business practice of calculating interest. NNB Payment would possibly be done on an monthly basis ; 1434.40 / 48 = 29.88 is paid each month .
Promissory notes are not reliable because lenders must find the borrower before payment occurs. If the borrower disappears or leaves the country, the lender might fail to collect the money owed.
by the America
Since the property has money owed on it the property cannot be divided without the lenders ok. It may be possible to refinance and divide with the help of an attorney.
..... is in a fortunate financial position.
great Britain :)
One part of a total amount of money that is owed.
As of July 2014, the estimated amount of money owed to China from the United States is 17 trillion dollars. The US owes China more than any other country.
Yes, as long as she and the property meet the lenders requirements. You should speak with several lenders paying close attention to fees, upfront payments and how quickly the amount owed will increase every year.
Accounts receivable
Put a money order with the amount owed in the envelope.