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There is no limit on what you can own in terms of assets. But if they total over $15,000, then 2% of that per year will be considered part of your income.
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Moneys taken by Ponzi scheme is Theft?
It is a theft in a general sense. But it falls under it's own section of law.
What assets did mutual funds own during the 1990?
In 1990 mutual funds held more than $1 trillion in assets
What is the best way to hide assets before foreclosure?
Although it's not an absolute "foolproof" way to hide assets, in general an S-Corporation sets these assets aside from personal assets. A mortgage lender relies on the information at hand during an asset search. Without assets held by a specific Social Security number (S-Corps have their own TIN) the search will not turn up these assets. I STRONGLY recommend having an attorney draw one up and under NO CIRCUMSTANCES inform him/her of your intent. We have to abide by ethical standards or loose our license.
Am I responsible for my husband's debt in NY?
You do not have to do it out of your own pocket in New York. If you are the executor of the estate, yes, insomuch as there are assets to pay them with. If the debts exceed the assets, you may have to sell the house or other assets.
How does rent to own in housing work?
Rent to own housing occurs when a seller offers to accept lease payments for a predetermined time period, giving the leaser the option to purchase the home.
How many cars can you own on section 8 housing?
Under the present law it really doesn't matter how many vehicles you own. However, if you own more than $15,000 in assets - this includes vehicles - than 2% of your total assets will be considered as part of your income.
Can you own a car and qualify for section 8 housing?
Yes you can. While car payments cannot be deducted from your income when the Housing Authority calculates your amount of the rent, a car does not count against your assets if you own just one, or if each family member owns one of their own.
What are the qualifications for section 8 housing in Madison County Illinois?
Every Housing Authority has its own list of qualifications for which a person can receive a voucher or public housing. You will need to check with the Housing Authority in that location for specific qualifications. Many of the qualifications fall under federal guidelines, while housing authorities are free to develop their own qualification criteria according to Housing Authority standards.
What are the qualifications for section 8 housing in Houston County Georgia?
Every Housing Authority has its own list of qualifications for which a person can receive a voucher or public housing. You will need to check with the Housing Authority in that location for specific qualifications. Many of the qualifications fall under federal guidelines, while housing authorities are free to develop their own qualification criteria according to Housing Authority standards.
What are the qualifications for section 8 housing in Nashville Tennessee?
Every Housing Authority has its own list of qualifications for which a person can receive a voucher or public housing. You will need to check with the Housing Authority in that location for specific qualifications. Many of the qualifications fall under federal guidelines, while housing authorities are free to develop their own qualification criteria according to Housing Authority standards.
Besides the government, who owns section 8 houses?
The government does not own Section 8 housing. Private individuals, property developers or other entities own the housing and have agreed to a contract with the government to offer the housing at a particular rate, for which they are compensated by the government. Private individuals do not offer "subsidized" or "section 8" housing. The funding has to come from somewhere, and that source would be the government.
How do I apply for Section 8 in Harrison County MS?
Every Housing Authority has its own list of qualifications for which a person can receive a voucher or public housing. You will need to check with the Housing Authority in that location for specific qualifications. Many of the qualifications fall under federal guidelines, while housing authorities are free to develop their own qualification criteria according to Housing Authority standards.
What are the qualifications for section 8 housing in Santa Barbara CA?
Each Housing Authority has its own rules by which someone applies for a section 8 voucher, now known as a housing choice voucher, or public housing. Most qualifications are the same for every jurisdiction, since the section 8 housing program is a federal program.
What are the qualifications for section 8 housing in New Jersey?
Every Housing Authority has its own list of qualifications for which a person can receive a voucher or public housing. You will need to check with the Housing Authority in that location for specific qualifications. Many of the qualifications fall under federal guidelines, while housing authorities are free to develop their own qualification criteria according to Housing Authority standards.
Is drug testing required for section 8 housing in Florida?
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Can you get childcare and section 8 housing to?
These are two different, unrelated programs, both which have their own requirements.
Is drug testing required for section 236 housing applicants?
Each Housing Authority or other administrating agency has its own rules governing this. Check with them about it.
