if you went to an institution that specialized in real estate mortgage loans to request a first mortgage loan for your new house, you would probably be at a
1. Commercial Bank
2. Real estate broker
3. Saving and loan
4. brokerage company

All these options seems right to me… PLZ HELP here Guys!

Over the past few months, the landlord of my rental house (who does not live on the premises) has engaged in some suspicious activities. She changed my bills into her name before consulting me, had an appraiser come to the house (asking me to either leave or claim she lived with me), and has been receiving priority Fed-Ex loan documents from a bank, though I’ve never actually opened them. From what I’ve pieced together, she’s pretending to live in the house so she can refinance her house as a residential property rather than a commercial property, which would provide her with a lower interest rate.

Should I report this, and if so, will she actually face repercussions?

My two brothers and myself inherited our parent’s 5-story, 12-unit apartment building on the vibrant west side of Manhattan, NYC over four years ago. We also have a commercial tenant on the ground floor (a successful restaurant). Almost three years ago we took out a 7-year million mortgage on this property (and our building pays around ,500 per month for this mortgage) and I was happily able to retire on the 0K I pocketed. We have recently discussed what more we can now do to get another nice chunk of $$. This past year we were able to take an annual total of approximately K each from the building’s profits (our rent-roll totals around K per month). All three of us agree that attempting to sell the building right now in this terrible economy is not an option. MY suggestion was that we refinance our mortgage as interest rates are low now. However, one of my brothers feels uncomfortable doing that because (a) we would have to pay around K outright just to take care of the first mortgage, in addition to paying closing costs, fees, etc., and (b), although he feels that the building would be able to pay the higher monthly mortgage payment, he feels uncomfortable about leveraging our building for over million, especially when right now all property values are low. He would prefer for us to just continue taking our monthly $$$ from the building’s profits. My answer to that is that this current terrible economy is hopefully a temporary anomaly and that property values will rebound in a year or two. The three of us are in our 60’s and I feel that tomorrow is promised to no one, and we should enjoy as much money as we can while we are still healthy enough to. I am the only brother who REALLY needs a financial shot in the arm now; they don’t. I expressed to my brother that his discomfort level shouldn’t deny us in getting another nice chunk of money each. Is there any method of perhaps having a bank give us a "mini-loan" allowing just me to get around 0K? Does anyone have any idea how we can safely get more $$$ from this valuable property, instead of just taking "nickels and dimes" per month from the building’s profit? Perhaps there is some way that I could somehow take 0K from the building without jeopardizing the financial integrity of the building, if my two brothers agree to that method? Thank you.

Which of the following are jobs of the Federal Reserve?

I. Supervises and regulates financial institutions

II. Controls the growth rate of the money supply

III. Sets the interest rates on home mortgages and auto loans

IV. Acts as the lender of last resort to commercial banks and other financial institutions

The scandal continue to cause reactions as Alistair Darling, in charge of the UK’s finances seems to have claimed for six month the rent for a flat in south London while also claiming allowances for his free apartment in Downing street. With the European election coming, do you think this scandal will influence voters?

The scandal continue to cause reactions as Alistair Darling, in charge of the UK’s finances seems to have claimed for six month the rent for a flat in south London while also claiming allowances for his free apartment in Downing street. With the European election coming, do you think this scandal will influence voters?

Not that I’m really saying I believe in ‘luck’ but just like bad things happening to certain people. Some people believe it’s b/c of their mother/father’s sin and that whole curse thing they talk about in the bible.. Some people say it’s just karma.. Some people just say it’s life.. but man, when can I get a break.

I am what I would consider a loyal person, responsible, I pay my debts, I pray, I don’t go to church as much as I should, I do have sex outside of marriage and believe me I’ve paid for that as well, but I’ve never been out there having relations with alot of people or anything just serious relationships, I help people who need help, I go out of my way for someone usually atleast once a day, I try to always be honest w/people but be sensitive to them as well. I am a good citizen and a good person.
I was kicked out when I was 16 b/c my step dad didn’t like me basically, didn’t get to have the senior yr most kids have, didn’t get to have college fun or summer fun like most kids, when I was 16 I was working my ass off to pay for a car payment, and by 17 I was moved into my own apt in some crazy nieghborhood b/c that was the only place I could afford still in HS and working PT, and he didn’t ID me so I could get the apt.
I had to buy 3 cars within the past 2 yrs paid cash (probably b/c I didn’t have a reliable person with me when I was looking–should have known better than to trust someone else’s judgement), finally I had to get a car payment, on top of that now I have higher insurance b/c it is full coverage. I pay basically 2 car payments now. I exhausted all of my savings on these cars I bought (went through 10k) then my a/c went out last summer in my condo I bought when I was 19, I dealt with the heat to save for next summer to get the a/c replaced since all my money was gone, then that winter, the furnace went out too, so i had to get a new heat pump a/c all at once, then this summer my a/c isn’t working already and it has taken them 3 weeks to figure out the problem and correct it, I’m still waiting to get it fixed and of course, these have been the hottest sofar this summer, and I’m out 0 until the man reinburses me. Then I find out I will probably not be able to have children naturally w/o serious help–long story, then I find out, after being w/my bf for 2.5 yrs–live together and everything we have herpes and have no idea who gave to who, b/c I stilllll havent had symptoms and I have to tell him this.. My father is a crack head, and has been an abusive man my whole life, my mom is stable but not a reliable person. I have no family to go to when in need. I have to work so much OT now just to pay my mortgage and everything else and I still feel like I have nothing to show for it, I can’t even enjoy my house b/c I work so much. I’m just sick of my life. I have no purpose I feel sometimes, I do enjoy helping people but I feel since I can’t have kids my life is over and when I tell my bf about H he’s probably going to leave me and noone would want me anyways.

I can’t help but look at all the people who are so happy, I know I can chose to have a good attitude, and I do, I have to force it all day long when I’m at work for 10-12 hrs all day, but I feel like a failure and I never got a chance. It’s like everytime I accomplish something to be proud of and finally get to a point where I’m content with things, I get a curve ball, and my world comes crumbling down.

This really isn’t a question, I think I needed to vent. I’m just so depressed, don’t know how I’m going to tell bf about this, don’t know how to make myself feel good. I just want to crawl in a ball and cry and go to sleep for months. Bad things happen to Good people, I continue to learn that everyday it seems. Maybe I should be mean to people or something and I’ll start having better luck..

if your having a bad day, atleast this might make u feel better. ha..
I realize this probably doesn’t make sense as I read it to myself, I was just having a flow of thoughts sitting here at my desk.. I’m just so low
thanks pancake, your exactly right too, people have to have all the bad luck so others can have all the good luck, I try to laugh, but I’m like how much more can I take?! and then once I tell bf this news I have a feeling that will be over so that’s even worse news…. ughhh…

I own two rental properties (single family houses), and am looking at multi-unit apartments. In my area there seems to be several on the market from 2 to 6 unit buildings up to a 36 unit unit building. My question is how does someone go about financing such a deal, especially on the bigger buildings? How does someone get in the game? My credit is excellent, but I don’t see a bank lending me over a million bucks for a building. Is this just a grow into it thing, or is there a way for a little guy to start big? Any help is appreciated, thanks!!!

The business I own is considering a Commercial Loan. I would like to know if I default on this loan are any of my personal assets at risk for being taken such as Social Security, pension benefits, Real Estate, Insurance policies, Annunities, bonds, or Stocks

Correct answer gets the points! If no correct answer then closest does. Here’s a little about me. I have 3 kids & a husband, a mortgage but I don’t work. I play on the wii with my friends, I tan & I like distressed jeans. I like pop music & I go to church faithfully.

Our finances are a frkn mess!!! How do we start saving money? I dont wanna pay rent for ever. I wanna eventually buy a house! How do I get myself and HIM to buckle down and figure out how we can save money, but still live and have our own apartment?

Over the past few months, the landlord of my rental house (who does not live on the premises) has engaged in some suspicious activities. She changed my bills into her name before consulting me, had an appraiser come to the house (asking me to either leave or claim she lived with me), and has been receiving priority Fed-Ex loan documents from a bank, though I’ve never actually opened them. From what I’ve pieced together, she’s pretending to live in the house so she can refinance her house as a residential property rather than a commercial property, which would provide her with a lower interest rate.

Should I report this, and if so, will she actually face repercussions?