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The co-signer should be entitled to any monies they contributed to the original sale, plus appreciation. co-signer on what the mortgage note,or on the title to the property?A co-signer on a mortgage note means nothing if it's recorded in just one persons name or you quit claimed your interest to the other person.If both people are on title when the house is being sold you would each get 50 percent of the proceedings unless it stated different in the documents or contract that was signed.
What else can I help you with?
What defines income?
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
What is flow through profit?
A flow thru profit is an extra sale above budget
Do you pay tax on inherited personal property when you sell it in new york?
You can have a taxable gain on the sale of personal property however you obtain the property. Individuals do no have to pay estate taxes, the estate of a deceased person would have to pay any inheritance taxes due before property was dispersed to the heirs. As to the sale of property by someone who inherited property, you would owe taxes on any gain on have from the sale of such property. You basis (value) of the property is the fair market value of such property on the date of death of the previous owner. This is called a stepped up basis and a benefit of inherited property.
How do you Calculate Return on Sale?
ROS= NET PROFIT/ SALES
How do you post a journal entry for sale of a vehicle with depreciation?
debit cash / bankdebit accumulated depreciationdebit loss on sale (if any)credit assetcredit profit on sale (if any)
Does the cosigner on a mortgage need to be on the purchase and sale so the seller is aware of a cosigner?
That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.
Does an executor have the right to a fee after probate on the sale of a property?
Yes, an executor is entitled to a fee for their services after probate, including the sale of a property. The amount of the fee can vary depending on the laws of the jurisdiction or the terms of the will, but typically, it is a percentage of the estate's value or the proceeds from the property sale.
Can a cosigner request half of the insurance check if his name is on the title but he didn't have to make any payments or buy insurance?
Cosigner just means someone who guaranteed the note. What's on the title? If the cosigner is on the title, he/she is entitled to half of the proceeds of a sale or insurance liquidation because it's the TITLE that determines the ownership, not who paid for it.
What is cash take sale?
Tell them that it is not their property to sell for profit. If they persist, tell them that if it is sold, you will not give them any profit; produce a receipt if necessary.
If a parent dies leaving the house to son who sells are the other siblings entitled to the funds of the sale?
No, the property was left to the son. What he does with it is his business.
How do you account for the gain or loss on sale of property plant and equipment for cash?
Please guide me to compute profit or loss made on sales of land
Can your father sell property without your signature and is that warranty deed recorded at the courthouse?
If you are, and had to be a legal cosigner for any property tranfers, then the contract of sale was improper and a fraud. You don't need to be here looking for help but at the DA office for advice and then maybe a lawyer's office.
What are beneficiaries of a trust entitled to when trust property is sold - the title to the property or only the proceeds of sale?
You must review the provision of the particular trust. All the provisions of a trust must be set forth in the instrument that created the trust.
What is inside track property investment?
The Inside Track property investment program is a series of training session. These seminars are designed to inform and prepare potential property investors buy properties for a low percentage of the sale to in exchange for a later profit.
What defines income?
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
Is boyfriend entitled to money from sale of house?
Yes
Do sale salaries affect profit-and-loss statements?
Sale Salaries
