I’m a commercial lender for a bank and I got a commercial loan approved for a potential borrower. He verbally accepted the terms and I informed him we were ready to order the appraisal. It was completed with a cost of 00. The potential borrower was aware that this was a cost he was to pay at closing. Prior to closing, he got a better offer from another bank and went with them. He is refusing to pay for the appraisal since he decided not to do the loan with my bank.

Do I have any recourse? What are the chances of winning a small claims suit?

We are hoping to move within the next few months. We don’t have a ton of money saved and our credit isn’t bad, but it is low. We do not have credit history. We haven’t been able to secure financing for a vehicle, so we doubt we would be able to get financed to own a home any time soon without working on our credit.
We have been renting for more than 3 years, we did the math a realized we have spent close to 20K in rent. What should we do? Should we continue to rent and save, or should we look into owner financed homes?
Can someone please better explain this to us. We are new to the concept, it isn’t that popular in Louisiana.
Thanks!

I need to borrow about 0,000 to refinance an office building. Anyone knows of a bank that does that nowadays? Does it have to be a local bank? The building was appraised for 1.1mil, adjusted down to 875,000 due to 40% vacancy and cash flow.

I own a commercial property. I owe 500k to the bank and it was appraised for .15m 2 years ago. I would guess an appraisal would come to about 900k today. We are working out a deal to seller finance it to a developer for .15m who will put down 325k and use his remaining funds to build an additional store on the lot to increase the value, then refinance in a year or so and pay us the rest. Now this means we would be in a second lien position. We have came up with a few different safeguards to minimize the risk. Do you think a mortgage insurance company would insure this since it is technically a loan?

Im ready to replace my old camry with a brand new car once I graduate next Spring. Im expecting to make -k. I have little debt and would like to buy a nice car. I also dont pay much for rent at my apartment,

From a financing point of view, how much should I spend?
I am waiting to get my job. Im not buying the car until next year. Just answer the question.

i am looking for someone who can finance me i am looking at apartment complexes but don’t have 20% to put down can anyone help i have excelent credit and some $thanks

My monthly income is at the very least 0/month.
Would it be easier to afford an apartment for 0/month plus utilities or 0-0/month with all utilities included? (I’m not sure on the second price yet because the landlord is still working on the place, but he said 0 would the the most.)

I had to move out due to finance issues. I left them a letter stating that i couldnt pay rent after i was given a 3 day notice. Shortly after i was turned into a collection agency for the remainder of the lease. Come to find out the apartment was rented out with in 2 months of me leaving. Can i be charged while some one lives there. Florida resident T.Y

Well, I should say I can’t afford to find somewhere to live because I am unable to find a job to help finance my living expenses. I’ve been living with a friend for the past month. It is a miserable situation, as I feel obligated to rely on those around me to survive. Is there no help or authority I can seek who can help me snag a simple job?
Apply as I might, I have no luck and I cannot continue living like this.

Hello, my bf and I just bought our first apartment, we are moving in on the 12th. I need to call to set up an account with electricity company in Huntsville, tx, but Iv no idea what type of questions to ask and Im terrified that I will screw things up and we`ll never be able to get an apartment again. Our finances are super tight so I need the best deal possible.

What is going to happen to America, with our national debt raising by 3.40 billion dollars per day? Already this year alone 160 preventable HIV infections spread; 459 People Incarcerated for Drug Law Offenses; 36,969 People Arrested for Cannabis Law Offenses 77,995 People Arrested for Drug Law Offenses. That’s almost 48% of people arrested for cannabis and why? When alcohol is legal and millions of people die from it, just like cigarettes, which is also legal. The U.S. federal government spent over billion dollars in 2003 on the War on Drugs, at a rate of about 0 per second. That sure s a lot of rent and mortgage money people could use and maybe even build a financial system work place that will work for many maybe alternating the actions of many from turning to drugs, when now they have a real home and entertainment to satisfy needs constructively, so many can have nice homes nice clothes and financial freedom. The budget has since 2006 been increased by over a billion dollars/ year. What!?!? Why!?!? Some war? State and local governments spent at least another 30 billion/ year. Sounds to me like they are in full control of it. Someone is arrested for violating a drug law every 17 seconds. Sounds like it’s what they wanted. An American is now arrested for violating cannabis laws every 38 seconds. There is 86,400 seconds in every day. divided by 38=2,273.64XXXX people arrested a day for violating cannabis laws every day. In the time it took me to write this, all the numbers have changed, see for yourself at http://www.drugsense.org/wodclock.htm.
I’m sure a lot of people WILL deserve punishment. We make the bed we lay in and will until someone or something comes to make it for us, then who knows where we’d be if for and example, situation 1 never happened and something better did. What would that make for a world if everyone got not only what they wanted but everything they needed. Shelter, education, youth and love of their fellows co-existence. The state of being prosperous; advance or gain in anything good or desirable; successful progress in any business or enterprise; attainment of the object desired; good fortune; success; as, commercial prosperity; and national prosperity. Defined. 73,000 people are homeless every night; 1 in 5 of them are children. 14,600 children without shelter at night. Is our government in control of this too. If lies is better then the truth for them then I understand why 600 american dollars are being spent on a drug war instead of letting it help the national debt or let lone paying for shelter so young Jo doesn’t have to die at 6 years old. While 1.6 million people don’t have health insurance. We also need to feel that those we love are safe. And HOW? Safety or security is THEE MOST basic of psychological needs. Is our government an act of genocide, where one conquers another and is quite enabled to do so? The power and flaw of money, construed with credit, and debt. A system that fails its people and no pedestal. Human beings possess fundamental, shared, universal needs. Not about physical needs, like the need for food, but psychological needs. These needs must be fulfilled to some degree for us to be functioning reasonably in the world, for our well being and continued growth. Where are these needs being met? Origins of genocide and how the frustration of basic needs contributes to it. Is our government planning on construing theses needs into a poile of unwed kids or even unlearned minds of many generations and population to rise. Peoples needs are; (1) security or safety, (2) effectiveness and control, (3) positive identity and self-esteem, (4) positive connection and esteem for and trust in others, (5) autonomy and self-trust, (6) comprehension. People also have an "advanced" basic need for (7) spirituality, including transcendence of the self. Self-control gives us confidence that we can lead purposeful lives and have the potential to impact our community and the world. It requires that experience and knowledge about the world and ourselves in the world. This providing us with the faith in our ability to become something that we want. To have close relationships, intimate friendship, family ties, and relationship with the community around us as our youth. We all need the acceptance to make decisions, choices, not to be only connected but separate. Trusting one’s own perception and judgment the need and understanding of people and the world, just why do people do what they do? It helps us define, comprehend and fit ourselves capable to visualize how we want to live life and view life and values. Dream. This spiritual is especially important in later life, maybe essential to life but the groundwork for its satisfaction is laid all throughout life. We can fulfill it through spiritual experiences or connection to God or other spiritual entities. We can fulfill our need for spirituality through the experience of connection wi

My boyfriend has a credit score of 701 and mine is 549..will we have a problem getting an apartment together? He just financed a car as well..

with the rate?

I don’t have good credit. My score is 549. My boyfriends credit score is 686 and he just financed a car. We are looking to move into an apartment together. Will we have any issues with this??

Thanks

My credit score went down when I lost my job; I got in a bind and need to take out a small loan. I am currently employed but keep getting denied because of my credit score. There was an Indian lending company commercial on TV, but I forgot the name…. Any suggestions?

the principle reason for requiring commercial banks to maintain reserve balances with the federal reserve is that these balances:
a) provide the maximum amount of reserves a bank would ever need.
b) give the federal reserve more control over the money-creating operations of banks
c) ensure that banks do not make excessive profits.
d) assist the treasury in refinancing government debt
e) enable the government to borrow cheaply from the federal reserve’s discount window.

2) the purchase of securities on the open market by the federal reserve will:
a) increase the supply of money
b) increase the interest rate
c) increase the discount rate
d) decrease the number of federal reserve notes in circulation
e) decrease the reserve requirement

5) if a banking system’s reserves are 0 billion, demand deposits are 0 billion, and the system is fully loaned up, then the reserve requirement must be:
a) 10 percent
b) 12.5 percent
c) 16.6 percent
d) 20 percent
e) 25 percent

6) assume that the reserve requirement is 25 percent. if banks have excess reserves of ,000, which of the following is the maximum amount of additional money that can be created by the banking system through the lending process?
a),500
b),000
c),000
d),000
e)0,000

thank you!!!

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?

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!!!

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?

1Demand for a product is likely to be price-inelastic:
Athe smaller the number of substitutes.
Bthe smaller the number of complements.
Cthe higher the price.
Dthe grater the fraction of income spent on it.

2If a raise in price from £1 to £1.10 caused supply to extend by 27%, price elasticity of supply would equal:
A17
B1.7
C2.7
D3.7

3A trade union may try to rise the wages of its members by all of the followings except:
AIncreasing their productivity.
BThreatening strike actions.
CIncreasing the supply of labour.
DAccepting revised working practices.

4These can be issued by a public company
Aordinary shares.
Bloans stocks.
Cbank loans.
Dmortgages.

5These shares have special rights concerning the distribution of dividends
ALoans stocks.
BOrdinary shares.
CPreference shares.
DCommon stocks.

6The stock market is a market for:
ANew issues of shares.
BStocks of goods and services.
CFinancial products.
DNew and second-hand shares.

7Which of the following is a function of the Central Bank
AMaking personal loans.
BMaking mortgages.
CSupervising the banking system.
DProviding low-cost loans

8Which of these types of banks in a modern economy specialized in helping large business organization to fund their operations and expansion, helping them to issue and sell stocks and shares on the stock market.
ASaving Banks.
BCredit Unions.
CInvestment Banks.
DIslamic Banks.

9Which of these types of accounts is a safe place to store your savings and to earn interests.
Acurrent account.
Bsavings account.
Cchecking account.
Ddeposit account.

10A ………………, is repaid with interest over a fixed period, it is a short-term loan, up to 5 years
A…commercial loan…
B…personal loan…
C…mortgage…
D…overdraft…

11A shareholder is
A any person or organization that is a part owner of a corporation’s stock
B any person or organization that is a part owner of a limited private company.
C any person or organization that owns a stock exchange.
D any person or organization that owns treasury bonds.

12The management tier of the union trade with executive members elected by unions members to run the union nationally is a
ABranch.
BDistrict committee.
CShop stewards.
DNational Executive.

13Which one of these is NOT a function of Trade Unions?
ASecuring improvements in member’s working conditions.
BEncouraging firms to increase worker participation in business decision-making.
CPromoting the distribution of dividends.
Dimproving member pay and other benefits.

14Which of these types of Trade Union best describe the National Union of Mineworkers in South Africa (NUM)?
AGeneral Union.
BIndustrial Union.
CCrafts Union.
DProfessional associations.

15Which of the following is NOT a function of a commercial bank
AMaking personal loans.
BProviding financial advise.
CProviding methods of payment.
DIssuing notes and coins.

If you answer all correctly I will ask another q, and choose you as best answer for nothing
so you get 20 points.
PLEASE

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 Propery is a Three family but we are living in one of the apartments leaving two that we will be renting out to help afford our mortgage. Will this property stay taxed as residental because we are living there primary residence or is it commericial because we are going to be renting the two other apartments? Our current landlords really want us to buy the house as we really want it but we are very low income but by renting the other two places we will be able to afford the mortage and additional maitance costs and such. Also does anyone know how to go about purchasing we are going to meet with a mortgage company today but, we are first time home buys have live here at the property for 5 years already! I know there are grants to help but I don’t know the first thing to do about getting the process going! I have done my research and we can qaulify for the property but may have to have the Landlords take out a second mortgage option. They have agreed to do this already but we want to try to get it all by ourselves if we can! Any information would be great and appreciated!

What makes you eligible to put an offer on the house?
We are trying to go with USDA direct loan, and since they are out of funds now and they do not know when it will be distributed, our agent says that we can not put the offer on the house till we know when the fund will become available.
But I think I still can put a contingent offer anyways. I can state in my offer that this is what we offer to you, then state that we will close when the money will be available. And it is up to seller to decide to accept or decline our offer, but not to our agent that does not allows us to do this.
Even if you go with the commercial lender – being pre-approved does not guarantee you will get money at the end… So why we can’t give a choice to the seller to decide if they are willing to accept our offer or decline.

I live in a condo in Brooklyn, NY. it is around 830 square feet. My property tax is around 5,500 for the year. In my building I talked to a few people and their apartments are bigger and with a view and they pay around 2,100 for the year.

I called up The city of new york department of finance and I always get someone that says that property taxes are high and it is what my building management submitted when they built this building so I went to my building management and they said this has nothing to do with them.

Please help I dont have much money to file a lawyer or something what could I do. I mean isnt it common sense 830 square feet apartment cant run a property tax bill of that high. And if other people in building has bigger apartments how come theirs are cheaper I mean by 50 percent cheaper.

Please help.

I am finishing up high school and moving into my first apartment with my fiance and I am going to need a car to get to work and college and run errands… But I have to pay for all of it ( I don’t have rich parents that will buy me a car for my 18th) and i have to get it soon after turning 18 and most dealers wont give financing to people with no credit so what is the best way to go about getting a used car that is at least a 2001 so i don’t have problems with it breaking down on me all the time…. Any advice?