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What else can I help you with?
Do you have to reinvest money from sale of house?
No, you are not required to reinvest the money from the sale of a house. However, if you want to avoid capital gains taxes, you may consider reinvesting in another property through a 1031 exchange, which allows you to defer taxes on the gain. Otherwise, you can use the proceeds for any purpose you choose.
If a house is placed in an irrevocable trust does the trustee have the right to borrow money to reinvest in the house for improvements and maintenance?
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
What is earnest money and how does it factor into purchasing a house?
Earnest money is a deposit made by a buyer to show their serious intention to purchase a house. It is typically a small percentage of the purchase price and is held in escrow until the sale is finalized. If the sale goes through, the earnest money is applied towards the down payment or closing costs. If the sale falls through, the earnest money may be forfeited to the seller as compensation for taking the house off the market.
When you sale a house that's not paid off what share of the money do you get to keep?
Money from buyer - money left to pay - costs related to the sale = your share. If selling the house don't raise enough money, you may still owe some after the sale.
Is boyfriend entitled to money from sale of house?
Yes
If a house is placed in an irrevocable trust does the trustee have the right to borrow money to reinvest in the house for improvements and maintenance?
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
How long After house is sold does it take for beneficiary to get money from sale of home?
if you have our executors you will never get your money
What happens to the all the money collected on a house if sold in a foreclosure sale?
The mortgage company gets the money.
Do you have to pay taxes on dividend?
it depends. if you have it set to auto reinvest then no you don't but if you get the money from the investment then yes you do.
How do you get hard money to buy real estate?
You earn it. Get a realty license and sell property. Save your money, reinvest it, and work hard.
What is earnest money and how does it factor into purchasing a house?
Earnest money is a deposit made by a buyer to show their serious intention to purchase a house. It is typically a small percentage of the purchase price and is held in escrow until the sale is finalized. If the sale goes through, the earnest money is applied towards the down payment or closing costs. If the sale falls through, the earnest money may be forfeited to the seller as compensation for taking the house off the market.
As sole executor of mothers will do I have the final say regarding the sale of her house i have a brother and sister who will be entitled to one third of the sale?
SALE? Sale is the amount of money received by a firm by delivery of Goods/product.it is known as sale
Can the executor spend money from the trust to fix up the house that is in trust prior to the sale?
Not on your nellie!
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
When a house is sold that is in an estate trust does the money from the sale of the house go into the estate?
Of course! The assets of the estate stay in the estate until properly distributed under the terms of the will or intestacy laws. The sale of the house is going to be subject to any mortgage or liens that may be in place.
