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What else can I help you with?
What type of business did Scrooge and Marley run?
Scrooge and Marley were merchants and ran warehouses. In additon they loaned money and retented property
To whom I loaned money to. He signed upon his death the money would go into the acct that I had re-opened to help him out . There is no notary only his signature. Is my promissory note valid?
Your state laws will determine whether your promissory note is still valid, but you would have a much stronger case if it were notarized. With the borrower being dead, you will have to go after his estate. Since you loaned him money that he was unable to pay back while alive, I will guess that he did not leave much of an estate to pursue.
Do you have to pay taxes on interest you get for money you personally loaned to a business?
Sure...under either scenario...if you did it personally or as a business...the interest RECEIVED is income.
Is pormissory note the same as a bridge loan?
Often a borrower needs a bridge loan (mortgage) to facilitate the financing of real property for a short period of time. A bridge loan is a specially designed form of financing that is used when a borrower is expecting to sell a property quickly or refinance it within the near future.A promissory note is a document a borrower signs when they borrow money from a person or bank. It is your promise to pay the money back on a certain payment schedule in a certain amount of time. It is the lender's proof they loaned you money. If you don't pay the promissory note can be used as evidence in court and the lender will obtain a judgment lien against you.
What were Marley and Scrooge employed as?
They owned a merchant business, rented properties and loaned money all for profit
I loaned 15000 and received a promissory note I am told that this is no guarentee that I will get my money back upon sale is it possible to put a lien on the property?
You need legal advice that is particular to your state.First, there is a statute of limitations in your state that governs how long a promissory note is effective. If the note remains unpaid you can bring the matter to court and obtain a judgment if the terms of the note have been breached. If you obtain a judgment in your favor, you can ask the court for a judgment lien that can be recorded in the land records against the debtor's real estate. Once the lien has been recorded the property cannot be sold or refinanced until the debt is paid.It would be worthwhile to invest in a hour with an attorney who can review your situation and explain your options.
What legal documentation should you complete to receive moneys loaned and due upon sale of home from proceeds?
To receive moneys loaned and due upon the sale of a home, you should complete a promissory note that outlines the loan terms and repayment conditions. Additionally, a mortgage or deed of trust should be recorded to secure the loan against the property. Upon sale, ensure a settlement statement is prepared to detail the distribution of sale proceeds, including the repayment of the loan. Consulting with a real estate attorney can help ensure all documentation is properly executed and compliant with local laws.
What is to let?
The phrase buy-to-let comes from Britain and it refers to purchasing property just to "let out," A buy-to-let mortgage is an arrangement in which one or more investors are loaned money to purchase property in the private rented sector in order to lend that property out to tenants.
How many syllables in the word loaned?
The word loaned is one syllable.
Does one have to pay to use a business loan calculator?
No. There are several free business loan calculators on the internet that are available for people to use or download. You could also check with the bank that loaned out the money.
What is a buy-to-let mortgage?
The phrase buy-to-let comes from Britain and it refers to purchasing property just to "let out," A buy-to-let mortgage is an arrangement in which one or more investors are loaned money to purchase property in the private rented sector in order to lend that property out to tenants.
What is the difference between owned and borrowed capital?
Owned capital are amounts or resources that belong to the owner or owners of a business. Borrowed capital are amounts or resources that are loaned to the owners of the business by an outside person or organization.
