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Federal IRS rules and regulations dictate what is legal for self-directed IRAs, not states. Of course non-recourse loans are fine, but there are tax consequences to your IRA and the transaction that you are leveraging your IRA with the loan that is being taken out. Consult a tax professional that understands self-directed IRA's to further clarify.
What else can I help you with?
Is the State of Florida a Non recourse state?
If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc. which is being Forclosed upon in the State of Florida, which I understand to be a Recourse State. Since the loans are Non Recourse so I 'm not protected against them comming after my assests for any deficiency, even though the state of Florida is a Recourse State?
Is there any recourse a cosigner has against the borrower of a defaulted loan?
No, there is no legal recourse that i know of, but I do know of a way to help yourself if the loans are Federally Guaranteed student loans. Have the borrower consolidate the loans without you being a cosigner. Then, the previous loans will be paid off, and a new loan will be made. If you need help getting the defaulted loans consolidated, contact Default Management Services. Google the company name for a phone #. Ask for Doug, he is very knowledgeable.
How can one get loans in Florida?
It is not very challenging to get loans in Florida. In order to get loans in Florida, visit any bank such as Chase Bank, Dollar Bank, or Citi Bank in Florida and apply for a loan.
What are mortgages and are they considered recourse loans?
A mortgage is a loan used to buy a home or property, where the property itself serves as collateral for the loan. In some cases, mortgages are considered recourse loans, meaning the lender can go after the borrower's other assets if they default on the loan.
Where could a person get home equity mortgage loans in Florida?
There are many companies that offer home equity mortgage loans in Florida. Bank of America and Wells Fargo both offer this type of loans across the country, including Florida.
Are payday loans legal in Florida?
Yes, they are.
Is the State of Florida a Non recourse state?
If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc. which is being Forclosed upon in the State of Florida, which I understand to be a Recourse State. Since the loans are Non Recourse so I 'm not protected against them comming after my assests for any deficiency, even though the state of Florida is a Recourse State?
Is there any recourse a cosigner has against the borrower of a defaulted loan?
No, there is no legal recourse that i know of, but I do know of a way to help yourself if the loans are Federally Guaranteed student loans. Have the borrower consolidate the loans without you being a cosigner. Then, the previous loans will be paid off, and a new loan will be made. If you need help getting the defaulted loans consolidated, contact Default Management Services. Google the company name for a phone #. Ask for Doug, he is very knowledgeable.
Is Florida a nonrecourse state?
No, Florida is not a non-recourse state. If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc.
Does The Deutcshe Bank give home loans to legal entities?
Yes contact Kress Zahringer in Florida. He is the only person in Deutche Bank that will give home loans
How can one get loans in Florida?
It is not very challenging to get loans in Florida. In order to get loans in Florida, visit any bank such as Chase Bank, Dollar Bank, or Citi Bank in Florida and apply for a loan.
What is the statute of limitations on private student loans in Florida?
what is the statute of limitation on private student loans in florida
What is the legal age to leave your parents home in Florida?
At the age of 18 you are considered an adult. You can join the arm forces, get married, sign a contract, buy a car, and get loans.
What are mortgages and are they considered recourse loans?
A mortgage is a loan used to buy a home or property, where the property itself serves as collateral for the loan. In some cases, mortgages are considered recourse loans, meaning the lender can go after the borrower's other assets if they default on the loan.
Where could one get cheap payday loans in southern Florida?
There are many locations to obtain a cheap payday loan in Southern Florida. Some of these locations include South Florida Payday Loans, Florida Payday Loan and 1 Stop Title Loans.
How did mutualistas help Mexicans defend their rights?
These groups made loans and provided legal assistance
Where could a person get home equity mortgage loans in Florida?
There are many companies that offer home equity mortgage loans in Florida. Bank of America and Wells Fargo both offer this type of loans across the country, including Florida.
