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14y ago

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If you own 2 homes and you foreclose on 1 can they take both homes?

Foreclosure only affects the item listed on the contract, in this case house 1. This does not mean that the bank/lending company cannot file a lawsuit to recoup the losses associated with your foreclosed home from house 2.


How many acres can you own while on disability?

11/2


Can you buy a second home without selling your first?

Yes, No, Maybe...YES if you can afford to own 2 homes...NO if you can't afford them both. MAYBE if you can pay cash or qualify for a mortgage. Do you have a mortgage on the 1st home? What's your debt to income ratio with owning the home you have now? and What's your debt to income ratio if you owned the second home? If you need a mortgage...call your bank or mortgage broker, if they can help, they will. You can own as many homes/houses as you want...it's a matter of can you afford them? What is your purpose for a 2nd, 3rd home...rental, vacation home, etc...?


How many people can own a private limited company?

A private limited company could have atleast 2 owners. These owners can share profits. The owner could even lend his wife of girlfriend to his partners, so other do.


What are 10 reasons people go into business?

1. Income. Business allows you to have a good income according to your abilities.2. Independence. If you have your own business this means your are the leader and the main person in the company.3. Education. To have successful business you are to educate yourself and deepen your knowledge in a given field.4. Communication. Meeting different people, clients is essential for doing business. It develops communicative skills.5. Dreams coming true. Doing business for many people means realization of their career dreams.6. Personal responsibility. Many people want to be responsible for their own life and success's.7. Status. Business gives you an opportunity to reach a high position and status in society.8. Heritage. Some people do not start their own business but feel obligation to continue their parents' business.9. Creative ideas. Personal company and business is the field where you can apply all your crazy ideas and try creative solutions.10. Emotions. Doing business gives you many excitement and many impressions.