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How can you buy a foreclosed or bank owned property?
I mean, can anyone with cash basically look them up and make an offer?There are a few ways that one can purchase a foreclosed home. Some of these would include getting preapproved for a mortgage, finding an agent that specializes in foreclosures as well as knowing that the home is sold as is.
What does it mean to flip houses?
The simplest definition to flipping a house is buying a property with the sole intention of selling it for a profit at a later date. It's also important to be aware of the housing market for whatever neighborhood you look to purchase the property, as property values may or may not appreciate depending on where you buy.
What gross purchase price mean?
gross purchase price
What does it mean to buy and sell for a profit?
Buy mean purchase and sell for profit means give to someone for more than you had purchase.
What does it mean when a house is labeled pending Feasibility?
Pending feasibility. This is a semi educated guess. The house is a pending sale with a contract that has multiple contingencies that may cause the sale to fall through feasibility: there is a study done to see if the property around the location is build able and dividable.To put it simply, it means that someone has put in an offer on the property, but they want to have a study done to make sure they can do what they would like to do with it before they actually purchase it.Our MLS has many "Pending" statuses and "Pending feasibility" is usually used for a vacant property while "Pending Inspection" is primarily used for residnetial properties with improvements such as a house.
What does Under offer mean?
A property is under offer when a homebuyer has made a formal offer to purchase the property but the homeowner has not confirmed whether to accept. If the offer is rejected then the property remains on the market until the next formal offer is made at which point the homeowner must again decide whether to accept the offer or reject it. If the offer is accepted then it becomes 'Sold Subject to Contract' (Sold STC).
What does it mean if something is irrevocable?
The term irrevocable can be describes as something that cannot be reversed or revoked. The word irrevocable has be used to describe ones love for another or commitment.
What does it mean that you cannot get the assets back in a revocable trust?
You CAN get the assets back in a revocable trust. You CANNOT get the assets back in an irrevocable trust. An irrevocable trust cannot be terminated by the settler once it has been created. The settler transfers their assets into the trust and no longer has any rights of ownership in that property or the trust. The main reasons for setting up an irrevocable trust are estate planning and tax purposes. Generally, assets in an irrevocable trust are shielded from creditors.
Does freehold mean the the whole property is for sale?
Yes you can purchase a property either Leasehold or Freehold. Leasehold you only own the right to use the property, such as a house rental and pay the landlord a rental. Freehold purchases mean that you entirely own the property and land.
What does the word irrevocable mean?
Irrevocable Something that is not possible to revoke or retract, cannot be undone Where a will is concerned wills are not irrevocable, a new will always replaces the old one, however if it is a joint will by both spouses the old will upon the death of one of the couple becomes irrevocable.. Essentialy if one dies the other cannot rewrite the will and ignore the wishes of the other.
On gta san Andreas what does it mean when its says that you can not buy that property yet?
It means you cannot buy the property yet... Generally you will need to progress further with the story to unlock the property for purchase.
How many cards does everyone get in monopoly?
If you mean property, players don't get any, but they can purchase them as part of the game.
What does the word revocable mean when a living trust is set up that way?
It means that the trustor, or maker of the trust, retained the right to terminate the trust and recover the trust property. That type of trust has tax consequences for the trustor and may leave the property exposed to creditors. An irrevocable trust takes all power over the property out of the trustor's control and out of her/his estate.
What does the term irrevocable mean in a bank or checking account?
In the context of a bank or checking account, "irrevocable" means that the actions or decisions associated with the account cannot be undone or reversed. For example, if a transaction or transfer is marked as irrevocable, it cannot be cancelled or revoked once it has been initiated. This term is used to indicate that the action is final and cannot be changed.
What does it mean when a revocable trust becomes irrevocable?
That means the provisions of the trust agreement cannot be changed.
What does a word Rubicon simple mean?
The phrase "crossing the Rubicon" has come to mean an irrevocable move, something you cannot take back.
What does irrevocable beneficiary mean?
It means that if you want to change the beneficiary, the beneficiary themselves must sign off on it.
