OK, so my older sister found a few churches for sale in our area- the smaller one at 0,000 and the larger at 0,000 (we like this one better because of more parking space/building size). We would like to turn it into a center for everyone, that will provide lots of free services for the needy, work in conjunction with other not-for-profit organizations in the area, and also be a spiritual (though not specifically religious) center. I think this is a great cause.

While we can get a mortgage and/or loans, our family is certainly not poor- our father (there are three daughters) is a wealthy businessowner. However, we don’t have the money to just point-blank buy it, because our father may not be willing to invest. This is a lot of money. How might we get some help in paying? Possibly community fundraisers? I mean, if we begin an official organization, we can raise money and get donations and partnerships… any other ideas or similar stories? We are in Rochester, NY.

My husband and I have 5 girls. He is the only one working. 3 of our girls are 4 and under. So It would not be financially feesable for me to work. We have tried to get government assistance but they say we make to much before deductions to get help. We get some food help from a church and a neighbor but other than that we are struggling every day. Please tell me where we can go to get some help. Our mortgage and taxes went up recently so that made a huge problem financially for us. We arte waiting for the city to find people to buy out our neighborhood so we are unable to refinance or anything. Please give possitive feed back only.

I have a niece who spends more then she makes. Is always in debt. Never saves for retirement. Designers things was only things she use to buy. She has gotten to the point she is going bankrupt. The last time I tried to help was over a year ago. I offered to refinance her mortgage, and pay off her credit cards, and get her up to date on her 2 car payments. It was going to cost 12,000. And her monthly bills would go down by 0. After paying one car payment, of close to 0 she said she did not want to refinance her house, and just wanted the money to pay off her credit cards. Which would only lower her monthly bills buy 0. That is not good financing. I said no. And since then I have not given any more money. Except for a small gift, for birthday, or now Christmas.
The problem now is she is mad at me because even though money is tight, I have given a few hundred to charities this year. And I signed up for 0 to my church to buy a gift for needy kids for christmas. I usually give to kids under 12yrs old and for the older older kids. My niece is mad that I most likely be giving more to a stranger. By the way I have forgiven over ,000 in loans in the last 10yrs

Am I wrong.
I am an uncle not a aunt. But thanks for the support. I get weak every few months and feel guilty. Thanks for making me strong again.

Keep in mind this was the same guy who beat up tax collectors in the temple.
An incredibly small percentage of church offerings ever make it outside of the membership and church finances. In effect people giving money to the church are in fact paying for member services like mortgage and utility payments and donuts in the lobby.

Do you think the evolved christian tradition of buying real estate instead of helping people would sit well if jesus were alive today?

I got the cash for a new 3-series but I also want to keep it in the bank so I have cash flow, for an upcoming mortgage and down payment (on apartment). So, financing I would have to pay more per month but the BMW select can do zero down. The balloon at the end of 5 years is not that bad for me because actually I will invest the money NOW and in 5 years I would have more cash. What do you guys think?

I’m currently renting but once my apartment lease is up, I’d like to buy a manufactured home, but with the economy the way it is, I’m worried that will affect me negatively. I do have good credit, but only being 19 years old, there isn’t very much of it. So, what are my chances of getting approved for a mortgage? Also, if anyone knows, about how much do manufactured homes run for (2 or 3 bedroom, 2 bath)?
How thoughtful of you to seem so concerned, but nonetheless, I AM buying one, so screw off, eh?
I’ve had my job for a year and a half, and I’ve been working since I was 16. What both of you don’t understand is buying a house, lot and all, right now is NOT an option for me – but I’m sick of renting apartments, especially with how expensive they are. I know manufactured homes are cheap (I want new – not used) and I’m well aware that mobile home parks rent the lot – and guess what. The lot rent is A LOT less than half the amount I pay for rent at an apartment. I know someone who is paying for a manufactured home and renting the lot for it – and both payments combined is a good 300 dollars less then my rent.

What happens if someone is independent, has no wife or kids, but has several thousands of dollars in credit card/student loan debt. Because he was young he had no will, he committed suicide. I’m not sure if his parents co-signed his loan for school. If they did do they have to pay considering he never finished school (payments are deferred until after graduation) and if they didn’t does the lender lose the money?

Also not sure if he declared himself independent or if his parents claimed him as a dependent because they were helping pay for college.

If his parents claimed him, and he declared himself independent, then who’s fault is that?

Everyone blames me for his death, although i disagree, I do feel guilty. Im trying to figure out whether or not his parents assumed his debt, because if they did, i’d like to help them out with it They are really nice people, and are both retired. It was bad enough that the lost nearly ALL of their retirement in the recession, they defaulted on their mortgage (which was their 2nd mortgage to help pay for his undergraduate degree), and his dad is too old to go back to work (commercial pilot). It’s bad enough they just lost their only child, and are in severe financial trouble themselves, they don’t need the extra debt.

Can any lawyers out there give me a legal summary and can any other person (you know…with a soul (sorry lawyers)) give any advice on the moral side of things? Thanks!

It was a one-time thing. I was at home wearing myself out completely while exercising. The phone rang and I answered. It was some commercial call about the mortgage or something like that. I said, "No, I am not interested." Then, I was about to hang up, when suddenly I heard something about "heart attack". I thought someone who called me had the heart attack. I thought, "What a workaholic. She’s got a heart attack and yet she’s at work". Then I heard, "Sir, don’t worry, the ambulance will be right over". I felt gobsmacked for a second. It turned out it was I who needs an ambulance; I, who felt healthy like a bull at the time; healthy enough to do 100+ push-ups. I thought she was the one who needed an ambulance. She was not asking whether or not I need an ambulance; she was saying that, "The ambulance would be right over". I had got tired of assuring her I need no ambulance. The assuring had grown into the fuss. I started yelling at her. I said, "If the ambulance comes for me, then for you comes the police!" Then, after a few more words, I hung up and unplugged the stupid phone. The rest of my day was ruined.

I’m wondering, why are there such people who don’t listen? Why would she think I myself was not able to call the ambulance when I need one? I doubt she was a professional cardiologist who can tell by the way I breathe whether or not I need medical attention. (How would you breathe if you did 100+ push-ups?)

If you were that lady, would you attempt to persuade me I need an ambulance, or would you show enough respect and listen into three simple words: "I am okay"?

Another question, if the ambulance did come, who would pay for it if I am not the one who called it?

Sometimes such display of "caring" is just too much. Don’t you think?
It’s not too difficult to read the question, or is it? I did not ask about any "amazing super food". That’s just another display of disrespect.

If you just answer to receive points, stop it before I start reporting you.

I have been looking at a property for a while and absolutely love it. As it turns out, we looked at the zoning and it is a non-conforming residential. It is beside an industrial park, so they zoned it so that when the house is destroyed or abandoned over a year, it must become commercial. Since the bank did not want to deal with this zoning "problem", they just told us that we need to find a house they will give a mortgage on. It has been forclosed on for almost 9 months, so rezoning it would take too long. I was just wondering if there was anyone with advice. Thanks.

1 Funds cannot be removed from this savings account until the end of a certain period of time
2 A type of loan used to buy real estate
3 The amount borrowed in a loan
4 The largest source of income for banks
5 Provide the most services and play the largest role in the economy of all types of lending institutions
6 Requires customers to use a PIN
7 Institutions that give installment loans to consumers
8 A feature of modern banking that allows you to transfer, deposit and withdraw money 24 hours a day
9 Type of bank which originally introduced NOW accounts
10 A banking system that only keeps a portion of the funds on hand and loans out the remainder

A. Fractional Reserve Banking
B. Principal
C. Automated Teller Machine
D. Debit Card
E. Commercial Banks
F. Savings Banks
G. Federal Reserve System
H. Credit Cards
I. Default
J. Stored Value Cards
K. Mortgage
L. Money Market Mutual Funds
M. Finance Companies

we are having no property or any thing for mortgage… but i am needy of loan… i live in delhi…….
the course fee is about 18 lacs……

we are having no property or any thing for mortgage… but i am needy of loan… i live in delhi…….
the course fee is about 18 lacs……

I am trying to purchase a mixed use building (5 residential units and 2-4 commercial stores) in NJ. I know that commercial mortgages are a little different from home mortgages (i.e. there are no 30 year loans).

What different types of mortgages are available for purchasing a building like this?

Also, the money borrowed to buy a home is called a mortgage, is it also the same term used for buying a commercial property?

What is going on with RE market?
Residential vs. Commercial?
Property Values?
Loan Defaults?
Institutional Losses?
Why is it so difficult to get a mortgage now?
What are the causes?
What types of loans were the culprits of the bubble?
How did Wall Street make it worse?
What forms of fraud did borrowers commit? Are they the victims?
What conflicts of interest existed among the various market participants?
What were some of the excesses of the lending institutions?
How is it possible that the US residential crisis could bring down the global financial system?

I know confusing right??? It gets worse. LOL!!!
I have requested the opinion of a second accountant to make sure we are on the right track
The situation: We are opening a business and have bought a residential property that is being converted into a commercial property. The business won’t be operational for several more months (and this will be it’s own corporation) and we were told we would need to set up a management corporation to handle the property itself. The other corp (new business) will have to rent from this corp. However, there are tons of stipulations with this. We need to gross less than 100,000.00 to be able to deduct expenses associated with the property, we can’t claim the mortgage etc.
So, in order to get this business up and running we have a lot of expense coming our way. Is there any other way to do this? Something far less confusing and something that will allow us to claim all our expenses without a cap etc.
I would appreciate any thoughts.

What is the proper tax & GAAP treatment for legal & documentation fees on a refinanced mortgage?
Expense?
Amortize over life of loan?
Treat it as Commercial property?

I saw this ad for real estate sales…I did sales for 6 months with Coldwell Banker, and I left 2 months ago…I miss it already! I was wondering, is 795 a lot per transaction?

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I know any property with 4 units or more is considered a commercial property. That being said, can I apply for a regular mortgage for a property that has 3 units or less, or do I still have to apply for a commercial loan?

I need to get funding for the down payment and the primary mortgage.