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It is important to understand what you mean by owing everyone. The four factors involved in buying a home are... 1. Credit 2. Down Payment 3. Debt load 4. Reserves.
The good news about SSI is that we can "gross" it up. Lets lay you receive $2,000 / Month SSI. Many programs out there will allow us to count 125% of this monthly amount as income. Therefor in this case we can use $2,500 as a qualifying income.
The reason for this is that SSI does not get taxed like traditional income.
If you have a small down payment or if your real estate Agent can negotiate a seller paid down payment that can help also.
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Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
What happens if your repossession house is sold for more than you owe?
If your house is repossessed and is sold for more than you owe, you are supposed to get the extra, less the costs of the sale and perhaps also costs that the back incurred.
What does it mean to buy debt?
It means to buy peoples bills from a companies then you can collect the debt that they owe and charge interest
How can you find out what your home equity is?
Equity is the value of something you own, like a house, or car, minnus what you owe on it. For example, if you bought a house for 100,000 dollars, and after five years you owe 85,000 dollars on it, and the house is worth 110,000 dollars, then your home equity would be 25,000 dollars.
If separated does husband still owe half the house payment?
It all depends on whose name is on the house. If his name isn't on the house, then he doesn't have to pay half of the house payment.
Can you buy a house if you owe state taxes?
yes.
Does a man on ssi still owe child support in virginia?
i just need to know the law on it
What happens to back child support when you owe 26 thousands when the ones that owe child support has SSI?
If the person owing child support receives Supplemental Security Income (SSI), their back child support may be difficult to collect. SSI is a needs-based program, and generally, it cannot be garnished to pay off debts. However, it is still possible for the owed child support to accrue and continue to exist as a debt. It is advisable to consult with a legal professional or the appropriate state child support agency for specific guidance in this situation.
Do income tax have to be paid to buy a house?
No but if you owe income tax and the income tax people claim that you owe them money they are in a position to sell the house you bought from under you to pay for the income tax you did not pay. other then that there are any number of charges levies and taxes associated with the purchase of a house. House buying is a real cash-cow for the government and the legal professionals.
During a foreclosure if your house is sold for less than you owe can the bank come after you for what is leftover?
Yes. And they normally do...because they owe it to others. You borrowed money from them and bought a house. You owe them the money. Not the house. You would have kept any amount you sold it for that was more than you paid...you would not have given them more. You would have paid them what you owed them only. They did not buy the house, alone or with you. You probably would have owed them less after all, had you sold the house on your own...because you will owe them all fee's and costs they have to incur to sell the house at foreclosure to recover funds you were to pay, and having to act to do so. You made a bad investment with money you borrowed. That's all.
Can they take your house if owe a mortgage?
yes
What benefits are there in renting a house as opposed to purchasing one?
When you rent a house you don't have to pay as much, and it is plenty cheaper then buying a house. Generally you don't have to get loans from the bank and have to owe interest, which is a problem that often appears when people buy houses.
Do you owe registration fees on a car adandoned at your house?
If it was abandoned at your house, it's not yours so you would not owe anything anyway. If it is yours and it's trash, junk it.
I am disable and collect ssi and va disability. I was also receiving 3rd party disability from Aetna?
I am disable and collect ssi and va disability. I was also receiving 3rd party disability from Aetna through my company. they quit paying me a year ago and claim I owe them 54,000.00 because I was getting ssi for my daughter.I need an attorney that can help me. My home phone 303-427-4319 please call
How do you get blade of owe on adventure quest?
You buy it. At the battle tower.
Noncustodial parent gets ssi can custodial parent get social security child support?
Yes. If the child's RSDI benefit is based on the obligor's SSA account, it is considered child support. If that benefit exceeds the amount ordered for child support, the obligor does not owe any additional payment.
Do you still owe the house when you enter to reverse mortgage?
You still own the house if you have a reverse mortgage, yes.
