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Why would a homeowner need to sell a house in order to recover back rent?
Wiki User
∙ 10y ago
A homeowner can receive tax credit claims by selling a house in order to recover back rent. When the house sells, the only thing that must be repaid is the amount of gain on the sell.
Wiki User
∙ 10y ago
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Who was an economist who thought the country would recover faster with deficit spending?
John Maynard Keynes.
What political social and economical contributions did women make to American society in 1920?
Women would cook, clean, and keep the house in order. :D
Average price of a new house in 2009?
the avg. cost of a new 2009 house would be around $200,250 - $300,000
A real estate broker sold your house for 72000 The broker's commission was 6 percent of the selling price How much would you get for the house after the commission is paid?
$72,000x6% = $4320 (commission)$ 72,000-4320= $67,680. You would get $67,680 from the sale of your house after paying the commission.
Is a house considered a tangible item pertaining to a will?
Tangible property in law is property that can be touched. A house would be tangible real property.
Is it legal to put game posters on your rented house window or is it classed as unpaid advertising in the UK?
In order for something to be considered advertising, you would have to be selling something. If you are selling something, then you would need the permission of the homeowner. Actually, you will need the homeowner's permission even if you aren't selling something.
Would the Evolv 10 pc. Homeowner Tool Set be satifactory for the few minor projects I have around the house?
The Homeowner Tool Set is a great match for small, minor products around the house. It would not be a good fit for regular construction use.
What happens when the homeowner dies and has PMI insurance before the mortgage is paid in full?
PMI has absolutely nothing to do with the death of a home owner. There is no benefit to the PMI in this situation. A Mortgage Life Insurance policy would be of great benefit as it would pay off the mortgage on the house at the death of the homeowner.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
If i owned a 2 family house do i have to be in a homeowner association?
That depends on whether a former owner of your land agreed or arranged to make the property subject to the homeowner's association. The encumbrance would show up in a title examination. You should contact the attorney who represented you in the sale and ask if the property is subject to the homeowner's association. If it is that should have been reported to you at the time of your purchase.
Can a homeowner association or the other homeowners in a community take a homeowner to civil court for overdue assessment fees in Florida?
Yes, a homeowner association or other homeowners in a community can take a homeowner to civil court for overdue assessment fees in Florida. The homeowner association or other homeowners would need to file a lawsuit against the homeowner, seeking a judgment for the unpaid fees. If successful, the court may order the homeowner to pay the overdue fees, as well as any associated legal costs or penalties.
Homeowner's Insurance Takes the Worry out of Homeownership?
After purchasing a house, the homeowners will also need to purchase a homeowner's insurance policy. The purpose of the homeowner's policy is to repair the damages that occur when there is a flood, for example. The house may also be completely destroyed if there is a fire. A good homeowner's policy will pay to rebuild the house in case of these circumstances. Homeowner's policies typically cover damage that occurs due to fire, lightning, hail and wind. Flooding is commonly not covered under the standard homeowner's insurance policies. Earthquakes also may be the type of peril that isn't covered under these policies. If homeowners live in an area where these disasters are likely to occur, they may purchase extra coverage that specifically names these perils as covered under their policies. Homeowners have a choice as to how they would like to be paid after their homes have been destroyed by one the perils listed above. They may receive the amount of money that the house was worth at the time it was destroyed. What will make the policy more costly would be the other option; homeowners can choose to receive the full amount it would require to rebuild the house completely as it was before it was destroyed by fire. This may be the more advantageous option for homeowners. When a house is completely destroyed by a disaster such as a fire, everything within it will also need to be replaced. Furniture, clothes and personal items will be unsalvageable. The homeowner's insurance policy will pay to repair or rebuild the house as well as replace everything that was in the house. The other part of a homeowner's insurance policy is liability coverage. Liability coverage is needed in the event that an accident occurs on the property. For example, guests to the home could experience an accident on the homeowners' property and sue the homeowners for payment of their medical bills. The liability coverage will pay the homeowners' legal bills. If the other party wins the lawsuit, the liability coverage will also pay what is ordered of the homeowners. Part of the cost of a house is the homeowner's insurance policy. People who purchase a house cannot be without it. Homeowners who resist purchasing homeowner's insurance will be very happy they have if there is ever a fire that completely destroys their homes. Their lives will be temporarily disrupted but with a good homeowner's insurance policy, they will be able to put their lives back together one day.
How would one qualify for refinancing on a home loan?
In order to qualify to refinance a home loan, the homeowner must not be in default. The homeowner must make a certain amount of income in a year and their monthly expenses cannot be more than 31 percent of their income.
What size wheelbarrow would be good for the average homeowner?
A 5 cubic foot wheelbarrow will be a good size for the average homeowner.
In a Texas divorce can she get your house if you bought it before the marriage?
If you bought the house before the marriage it would still be considered your separate property, however, she could probably recover her contribution to the equity.
Can you insure a house that does not belong to you?
You can obtain renters insurance that would cover damage to the contents. The homeowner should already have hazard insurance, so there is not any point in your trying to purchase that.
Does homeowner insurance cover the homeowner?
If i go out of town and live the water running from the sink would mu homeowners cover the claim
