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!

This person (I don’t know this person) is selling a Toy Hauler (travel trailer). Anyway he owes about K to a commercial bank. Because the bank is commercial, the Title is in another state. IF I go with the seller to the bank. Get a payoff amount with a receipt. Have the bank send the title to an alternative address (mine) but it will take around 3 weeks. The seller is going to give me a copy of the receipt of payoff (because I’ll be there). I"ll have a "NOTORIZED" Bill of Sale, Seller will sign a Release of Liability. The bank is going to give a loan closing letter that states the lien has been paid, therefore in the clear.

Loan center said that there could be only one lien on each vehicle. So that gives me the impression that no random person that feels they are owed money can put a lien or judgement on it. You know like a second mortgage to a house….

I’m in California

Would you do this? With all the above documentation, is it safe enough? IS THERE ANYTHING ELSE I SHOULD ASK FOR?
I know that it’s risky and there are alot of toyhaulers out there but I’m looking for a 21 footer and this one has ALOT of upgrades. It is also in mint condition and has only been used 2 times. The generator has less than 10 miles on it.

I was just reading a story about people who don’t feel they are doing very well right now. Tell me what you think?
"The value of their house is down ,000. Ms. Parnell says the couple’s gross income last year was about 0,000(about ,700 per month). Taxes, premiums for medical care and deductions for Social Security and their 401(k) contributions cut the gross to about ,000 per month(remember, 401k contributions come out of that 00 per month). The family tithes ,300 a month at their church (00 per month!). Their mortgage, second mortgage and payment on land they bought is nearly ,000 a month. Other expenses, including their family car payment, insurance and college funds, as well as basics like food, utilities and donations to charities, leave them with about ,200 left over each month."

I’m just curious, after paying all of your expenses, contributing to your 401k, college funds, and tithing 00 per month, how many of you have 00 left over…each month?
If you do, do you (or would you) feel like you are doing ok?

Theyre going to lend me a second mortgage but they want that i pay 2% of the mortgage but they dont want this percent to be a loan also.Does anyone know where can i get a gift or does anyone know a church that can help me with this?

Individual died, but property was homesteaded and only on his name, marriage was more than 5 years old, married by law and in church, does it make any difference that property was homesteaded ? . His "Attorney" failed to probate within 3 months as required by Florida Law, it is now 9 months latter isn’t it "Negligence"?
Now a second mortgage shows up, but widow was never notified of missed payments and she is facing foreclosure. Is this fair?

Now we are all scrambling to get the money together, one person is considering opening a second mortgage up on his house. Any suggestions on how we can raise this money for lord jesus christ?

This Contractor has a business that is registered with the BBB but I can not get anyone from the BBB to call me back and we have paid for all but 3000 of the job and he only has done framing and drywall some painting and some mudding the ceiling and the rest of the project is not finished and he will not return our calls or answer our messages. He has a key to our house and now my husband is leaving in the military and I do not know what to do it has been since last october since he has touched the job. How do I pursue this I do not have a lot of money for an attorney and I am stuck with a second mortgage because I can not refinance because he took all the money and did not finish the job.

I have been paying deligently every month on my line of credit and now the bank is considering not renewing my loan. They hold the second mortgage on the commercial property and another bank holds the primary loan. What is the worst case situation the bank can force upon us??? Can they garnish my wages, credit, selling the property, etc? Help…someone. Thanks

I have a second mortgage on my personal property with a 6.50% I want to refinance a commercial property and pay off that second mortgage. My first mortgage has a 4.7% My commercial property has a 6.50% This is a 5 year balloon rate the 5th year is quickly approaching. What should i do? Would this be in my best intersest?

I found a great deal on a piece of commercial property but I don’t have the money to pay the downpayment and the seller doesn’t want to carry a second mortgage; does anyone know how to do a true money down deal without a owner second?

Asset-liability management is the term where the maturity of an asset is similar to the time that the liability expires. Which of the following is not good asset-liability matching? (Points: 4)
A. Brand new quality car financed by a 5-year loan.
B.Retirement fund for a 35-year old containing commercial real estate.
C.Loan from a commercial bank to a corporate account for working capital funded by the bank's retail checking accounts (consumer's deposits in checking accounts).
D. re-financing a credit card, exclusively used for grocery purchases in the amount of ,431.49, by taking out a second mortgage on the consumer's home.
E. used car purchase financed by a 3-year car loan.

I found a great deal on a piece of commercial property but I don't have the money to pay the downpayment and the seller doesn't want to carry a second mortgage; does anyone know how to do a true money down deal without a owner second?