How do I purchase home owner's insurance for a house I purchased at a Sheriff's Sale?
Q. The house is currently in the redemption period, and the owner still technically owns it for the next six months. The owner is renting the home out to two tenants. I called insurance companies and some said they could provide it but they would have to inspect it (it is not officially my home yet so an inspection is impossible). Another company said they could provide what is known as landlord insurance, but this will not cover replacement appliances (say the current owner decides to steal the furnace, air conditioner, etc because he is losing his home). Any advice is greatly appreciated.
Asked by debut8383 - Fri Jun 4 15:42:56 2010 - - 6 Answers - 0 Comments
A. The Sheriff should give your a Sheriff's Deed when you paid him the money. You are in fact the current owner and the old owner while has the right of redemption, is no longer the owner of record. Many insurance companies do not require an inspection before they insure a property, but only maybe a drive-by with a picture of the front of the property. Try an insurance company that specializes in insuring non-owner occupied properties. I would suggest Safeco Insurance, Allied, or First American Specialty. Also check with an independent business insurance broker, they all have companies that might meet your needs. They probably won't require an inspection and they will cover personal property in the amount you want to buy. Also if any… [cont.]
Answered by Glenn S - Fri Jun 4 16:13:59 2010
Q. The house is currently in the redemption period, and the owner still technically owns it for the next six months. The owner is renting the home out to two tenants. I called insurance companies and some said they could provide it but they would have to inspect it (it is not officially my home yet so an inspection is impossible). Another company said they could provide what is known as landlord insurance, but this will not cover replacement appliances (say the current owner decides to steal the furnace, air conditioner, etc because he is losing his home). Any advice is greatly appreciated.
Asked by debut8383 - Fri Jun 4 15:42:56 2010 - - 6 Answers - 0 Comments
A. The Sheriff should give your a Sheriff's Deed when you paid him the money. You are in fact the current owner and the old owner while has the right of redemption, is no longer the owner of record. Many insurance companies do not require an inspection before they insure a property, but only maybe a drive-by with a picture of the front of the property. Try an insurance company that specializes in insuring non-owner occupied properties. I would suggest Safeco Insurance, Allied, or First American Specialty. Also check with an independent business insurance broker, they all have companies that might meet your needs. They probably won't require an inspection and they will cover personal property in the amount you want to buy. Also if any… [cont.]
Answered by Glenn S - Fri Jun 4 16:13:59 2010
What can the owner of a limited company legitimately withdraw as cash?
Q. Can the owner of a limited business withdraw as much as he likes out of his business without it being classed as theft or fraud? To clarify, if owner took majority of takings out of the till for his personal use is it legally allowed?
Asked by genius149nc - Fri Jul 3 07:27:30 2009 - - 5 Answers - 0 Comments
A. My husband 'owns' a limited company, along with one other business partner. As far as I understand from the advice of our accountant, you are allowed to withdraw as much as you like in cash, but this MUST be accounted for in your accounts. In other words, it must be listed as personal takings which is therefore liable to tax. My husband and his business partner take a wage each week which has tax/national insurance deducted and make it up with a small dividend. Any other personal cash drawings would have to be listed in your self-cert form that is sent to you annually and is usually returned to the Inland Revenue each September. An accountant will help you work out the amount of tax payable on any 'other' cash amounts you take out.… [cont.]
Answered by 71cooldude - Fri Jul 3 07:38:00 2009
Q. Can the owner of a limited business withdraw as much as he likes out of his business without it being classed as theft or fraud? To clarify, if owner took majority of takings out of the till for his personal use is it legally allowed?
Asked by genius149nc - Fri Jul 3 07:27:30 2009 - - 5 Answers - 0 Comments
A. My husband 'owns' a limited company, along with one other business partner. As far as I understand from the advice of our accountant, you are allowed to withdraw as much as you like in cash, but this MUST be accounted for in your accounts. In other words, it must be listed as personal takings which is therefore liable to tax. My husband and his business partner take a wage each week which has tax/national insurance deducted and make it up with a small dividend. Any other personal cash drawings would have to be listed in your self-cert form that is sent to you annually and is usually returned to the Inland Revenue each September. An accountant will help you work out the amount of tax payable on any 'other' cash amounts you take out.… [cont.]
Answered by 71cooldude - Fri Jul 3 07:38:00 2009
Can a bar owner get a tax break if there is an automated attendance tracking system?
Q. I heard this somewhere and would like to know if it's true or not. Normally, bar owners have an employee stand at the door and count how many people enter/exit the establishment (usually using some kind of manual counter or ticker). If a bar owner installs some kind of automated system can he/she get a tax break?? I realize this is a very specific question - hopefully somebody can verify. Thanks!
Asked by Manoj - Thu Apr 10 16:21:23 2008 - - 1 Answers - 0 Comments
A. Anything your purchase for the operation of your business is tax deductible. This would be under equipment bought for the operation of your business. You take the invoice along with your other equipment and supplies to the tax preparer if using one. The attendance tracker will depreciate in value normally as your other equipment does.
Answered by Jelly Bean - Thu Apr 10 16:26:47 2008
Q. I heard this somewhere and would like to know if it's true or not. Normally, bar owners have an employee stand at the door and count how many people enter/exit the establishment (usually using some kind of manual counter or ticker). If a bar owner installs some kind of automated system can he/she get a tax break?? I realize this is a very specific question - hopefully somebody can verify. Thanks!
Asked by Manoj - Thu Apr 10 16:21:23 2008 - - 1 Answers - 0 Comments
A. Anything your purchase for the operation of your business is tax deductible. This would be under equipment bought for the operation of your business. You take the invoice along with your other equipment and supplies to the tax preparer if using one. The attendance tracker will depreciate in value normally as your other equipment does.
Answered by Jelly Bean - Thu Apr 10 16:26:47 2008
How long does it take to close with owner financing when the owner has a mortgage?
Q. In other words, what time-consuming activities have to happen before closing, when the owner providing the financing is already satisfied of the property's value and condition, so there is no need for additional inspection, appraisal, etc.? I assume the key issues are paying off the owner's mortgage, recording the owner-financed mortgage, and getting the title transferred to the new owner. But do those get done before or after closing? The owner's liquid assets plus the seller's down payment will add up to enough to pay off ther owner's mortgage.
Asked by Dilbert - Thu Oct 15 11:32:55 2009 - - 2 Answers - 0 Comments
A. if you want title insurance (and you do) that could take a couple of weeks. other than that this could be done in a few days. just schedule a closing with title company.
Answered by David Z - Thu Oct 15 12:06:49 2009
Q. In other words, what time-consuming activities have to happen before closing, when the owner providing the financing is already satisfied of the property's value and condition, so there is no need for additional inspection, appraisal, etc.? I assume the key issues are paying off the owner's mortgage, recording the owner-financed mortgage, and getting the title transferred to the new owner. But do those get done before or after closing? The owner's liquid assets plus the seller's down payment will add up to enough to pay off ther owner's mortgage.
Asked by Dilbert - Thu Oct 15 11:32:55 2009 - - 2 Answers - 0 Comments
A. if you want title insurance (and you do) that could take a couple of weeks. other than that this could be done in a few days. just schedule a closing with title company.
Answered by David Z - Thu Oct 15 12:06:49 2009
How would a business owner, all their life, write a resume to become an employee?
Q. A friend of mine needs a job. He has been a business owner all his life, but due to the economy being so bad, he sold his business. Now he wants to work for someone, but doesn't know how to write a resume as a business owner. Is it the same as writing a resume if you worked for a companies? Would it be negative for the employer to know that you owned a business (for many years)? Would they think he is over-qualified?
Asked by jjj - Wed Sep 24 16:09:42 2008 - - 2 Answers - 0 Comments
A. It should be achievement-oriented. It should elaborate on specific achievements for which he is responsible while operating his own business. It also should outline some of the skills, both managerial and manual, that he acquired during the course of his work in his business, because they may be transferable. It should remain within the guidelines of a standard resume in terms of length and information. Certain categories concerning personal information and background would remain the same. He would maybe benefit from using a lot of business references who do not present a threat as rivals. I think your friend should visit his local human resources office and ask whether any sample resumes are available for reference. I have found… [cont.]
Answered by spanner - Wed Sep 24 17:14:13 2008
Q. A friend of mine needs a job. He has been a business owner all his life, but due to the economy being so bad, he sold his business. Now he wants to work for someone, but doesn't know how to write a resume as a business owner. Is it the same as writing a resume if you worked for a companies? Would it be negative for the employer to know that you owned a business (for many years)? Would they think he is over-qualified?
Asked by jjj - Wed Sep 24 16:09:42 2008 - - 2 Answers - 0 Comments
A. It should be achievement-oriented. It should elaborate on specific achievements for which he is responsible while operating his own business. It also should outline some of the skills, both managerial and manual, that he acquired during the course of his work in his business, because they may be transferable. It should remain within the guidelines of a standard resume in terms of length and information. Certain categories concerning personal information and background would remain the same. He would maybe benefit from using a lot of business references who do not present a threat as rivals. I think your friend should visit his local human resources office and ask whether any sample resumes are available for reference. I have found… [cont.]
Answered by spanner - Wed Sep 24 17:14:13 2008
How can I find the current copyright owner of rare genealogical books, especially if the author is deceased?
Q. My wife and I love family history and genealogy. We often run across hard-to-find genealogical records published in older rare books, sometimes self-published. We would love to find the copyright owners of these books and see if they would open it up to the public domain or a permissive license. How do we find current copyright owners, especially since most of the original authors are deceased? If we find the legal owner, what release form should they sign to allow the genealogical content or index to be made freely available on the Internet?
Asked by KrisAn - Tue May 13 22:12:37 2008 - - 1 Answers - 0 Comments
A. I have had this problem myself. The only thing to do is use the information to compile a new text. Make sure to add your own information and credit the source of the bulk of your material. Most of these family tree books are put out by the authors without thought to profit. They just want to get the information out there and maybe recoup some of their costs.
Answered by Wild Colonial Girl - Tue May 13 22:20:50 2008
Q. My wife and I love family history and genealogy. We often run across hard-to-find genealogical records published in older rare books, sometimes self-published. We would love to find the copyright owners of these books and see if they would open it up to the public domain or a permissive license. How do we find current copyright owners, especially since most of the original authors are deceased? If we find the legal owner, what release form should they sign to allow the genealogical content or index to be made freely available on the Internet?
Asked by KrisAn - Tue May 13 22:12:37 2008 - - 1 Answers - 0 Comments
A. I have had this problem myself. The only thing to do is use the information to compile a new text. Make sure to add your own information and credit the source of the bulk of your material. Most of these family tree books are put out by the authors without thought to profit. They just want to get the information out there and maybe recoup some of their costs.
Answered by Wild Colonial Girl - Tue May 13 22:20:50 2008
How do I find the owner of an expensive stereo faceplate we found?
Q. My 74 y/o dad found this expensive faceplate in the case just lying on the street. I would like to find the owner. I have contacted Pioneer but have not received an answer back. Anybody have any ideas? Should I turn it over to the police or look for the owner?
Asked by snap_knight - Wed Oct 10 09:12:56 2007 - - 2 Answers - 0 Comments
A. Take it to the police and put out a missing parts ad.
Answered by sparky3489 - Wed Oct 10 09:45:16 2007
Q. My 74 y/o dad found this expensive faceplate in the case just lying on the street. I would like to find the owner. I have contacted Pioneer but have not received an answer back. Anybody have any ideas? Should I turn it over to the police or look for the owner?
Asked by snap_knight - Wed Oct 10 09:12:56 2007 - - 2 Answers - 0 Comments
A. Take it to the police and put out a missing parts ad.
Answered by sparky3489 - Wed Oct 10 09:45:16 2007
How to impress a foster owner of a dog?
Q. I am 16 (girl) and and my family is planning to get a retriever from a woman who fostered her (the dog). The woman is a part of a rescue group, so she is "safe". We are visiting her next week to see if we like the dog, and if the owner likes us (though we've agreed to get the dog unless she is really mean). We have a cat, so we already have that going against us. Is there a certain way I should dress or act to impress the owner? Any tips? Thank you! PS- the dog is 1 year old and our cat is 3.
Asked by <3 Kristie Loves Puppies :) - Wed Apr 7 21:45:30 2010 - - 5 Answers - 0 Comments
A. I ve worked with rescues for about 8 years and fostered lots of dogs and met lots of adopters. One thing that I love to hear is that the potential adopter has done some research on the breed type that they are applying to adopt (like common genetic issues, energy level/exercise requirements, grooming needs, etc.). It shows you re really putting in the effort and are learning as much as you can prior to bringing the dog home. Also, think about things like where the dog will sleep (in a crate, in your bed, gated in a particular room), also how long will the dog be left alone each day and where will it stay when alone, and what schedule you are planning for the dog (meal and walk times, etc). Often fosters will ask those things. Mostly… [cont.]
Answered by MB - Wed Apr 7 22:37:38 2010
Q. I am 16 (girl) and and my family is planning to get a retriever from a woman who fostered her (the dog). The woman is a part of a rescue group, so she is "safe". We are visiting her next week to see if we like the dog, and if the owner likes us (though we've agreed to get the dog unless she is really mean). We have a cat, so we already have that going against us. Is there a certain way I should dress or act to impress the owner? Any tips? Thank you! PS- the dog is 1 year old and our cat is 3.
Asked by <3 Kristie Loves Puppies :) - Wed Apr 7 21:45:30 2010 - - 5 Answers - 0 Comments
A. I ve worked with rescues for about 8 years and fostered lots of dogs and met lots of adopters. One thing that I love to hear is that the potential adopter has done some research on the breed type that they are applying to adopt (like common genetic issues, energy level/exercise requirements, grooming needs, etc.). It shows you re really putting in the effort and are learning as much as you can prior to bringing the dog home. Also, think about things like where the dog will sleep (in a crate, in your bed, gated in a particular room), also how long will the dog be left alone each day and where will it stay when alone, and what schedule you are planning for the dog (meal and walk times, etc). Often fosters will ask those things. Mostly… [cont.]
Answered by MB - Wed Apr 7 22:37:38 2010
As a bar owner, should I have the right to release pesticide fog into the business if I choose to?
Q. Isn't it my right as a business owner to decide what deadly fumes I contain in my business? If people don't want to be exposed to them, they can go somewhere else. But the government shouldn't be allowed to make it illegal for me to fill MY business with pesticide if I choose to. whcwarrior_10: Usually it ends with choice. If you are subjected to a health hazard not of your choice, it is possible to have it banned. Things like fast food and cologn don't provide a health risk to those not wanted exposure to it. beardog4314: Drinking is to smoking as drinking and driving is to smoking in public bars. You see? The shoe does fit the other foot.
Asked by Take it from Toby - Fri Aug 17 13:10:03 2007 - - 8 Answers - 1 Comments
A. No NO No You would kill all the bar flies
Answered by wacky weed - Fri Aug 17 13:13:44 2007
Q. Isn't it my right as a business owner to decide what deadly fumes I contain in my business? If people don't want to be exposed to them, they can go somewhere else. But the government shouldn't be allowed to make it illegal for me to fill MY business with pesticide if I choose to. whcwarrior_10: Usually it ends with choice. If you are subjected to a health hazard not of your choice, it is possible to have it banned. Things like fast food and cologn don't provide a health risk to those not wanted exposure to it. beardog4314: Drinking is to smoking as drinking and driving is to smoking in public bars. You see? The shoe does fit the other foot.
Asked by Take it from Toby - Fri Aug 17 13:10:03 2007 - - 8 Answers - 1 Comments
A. No NO No You would kill all the bar flies
Answered by wacky weed - Fri Aug 17 13:13:44 2007
How long does a dog remember their owner?
Q. Say, if the owner goes away for a few months - does the dog remember their owner, or do they adapt out of survival to the caregivers and environment of the moment? Serious answers only, please.
Asked by tooldonia - Thu Nov 2 17:17:33 2006 - - 15 Answers - 0 Comments
A. When my wife and I divorced she refused to let me take the dog, but I learnt several years later that she had promptly given the dog away. Imagine my surprise, 5 years after my divorce, I was in another city, a German Shepherd came running up to me, tail wagging, and sat obediently at my side, just the way I had taught her. Yes it was Bo, my girl, still brings a tear to my eye twenty years later. How did she know it was me? god knows but she picked me out of crowd in a different city 5 years after we were last together. So I guess they remember the partnership (owner is to weak a word) all their lives.
Answered by Rainbow Daemon - Fri Nov 3 13:59:11 2006
Q. Say, if the owner goes away for a few months - does the dog remember their owner, or do they adapt out of survival to the caregivers and environment of the moment? Serious answers only, please.
Asked by tooldonia - Thu Nov 2 17:17:33 2006 - - 15 Answers - 0 Comments
A. When my wife and I divorced she refused to let me take the dog, but I learnt several years later that she had promptly given the dog away. Imagine my surprise, 5 years after my divorce, I was in another city, a German Shepherd came running up to me, tail wagging, and sat obediently at my side, just the way I had taught her. Yes it was Bo, my girl, still brings a tear to my eye twenty years later. How did she know it was me? god knows but she picked me out of crowd in a different city 5 years after we were last together. So I guess they remember the partnership (owner is to weak a word) all their lives.
Answered by Rainbow Daemon - Fri Nov 3 13:59:11 2006
How can a business owner sponsor a work visa for a mexican?
Q. I am a business owner in the united states. A dear friend of mine, whom I feel would be a great asset (in the arts) to my business is a Mexican citizen. I know that businesses can often "sponsor" temporary or permanent immigration. After researching online I see that it is a very complicated process. How much does this usually cost and how do I go about starting? Or is it even possible? Thanks in advance!
Asked by Lauren B - Sat Oct 6 12:48:47 2007 - - 1 Answers - 0 Comments
A. Everything you need to know about how to petition for a foreign worker can be found on the following websites. Please read these websites very carefully before you apply. Overview of the Immigration forms: Temporary Workers: Petition Form Employment based immigration (Permanent): Overview: Petition Form:
Answered by CPG - Sat Oct 6 15:14:01 2007
Q. I am a business owner in the united states. A dear friend of mine, whom I feel would be a great asset (in the arts) to my business is a Mexican citizen. I know that businesses can often "sponsor" temporary or permanent immigration. After researching online I see that it is a very complicated process. How much does this usually cost and how do I go about starting? Or is it even possible? Thanks in advance!
Asked by Lauren B - Sat Oct 6 12:48:47 2007 - - 1 Answers - 0 Comments
A. Everything you need to know about how to petition for a foreign worker can be found on the following websites. Please read these websites very carefully before you apply. Overview of the Immigration forms: Temporary Workers: Petition Form Employment based immigration (Permanent): Overview: Petition Form:
Answered by CPG - Sat Oct 6 15:14:01 2007
Can a Home Owner Association collect unpaid dues of a previous owner from the new owner?
Q. even if the dues are prior to the new owner owning or occupying the property? and if the seller didn't disclose this to the buyer this at the time of close of escrow?
Asked by Teabagger - Tue Oct 20 16:06:50 2009 - - 3 Answers - 0 Comments
A. Let me tell you what my HOA does. We put a lien on the property. That shows up on Escrow and must be satisfied prior to escrow closing. Now in the case of what you mention, I don't think they are allowed to. If the HOA wants to go after those unpaid dues after the fact, I think they need to sue the previous owner.
Answered by Uncle Pennybags - Tue Oct 20 16:11:58 2009
Q. even if the dues are prior to the new owner owning or occupying the property? and if the seller didn't disclose this to the buyer this at the time of close of escrow?
Asked by Teabagger - Tue Oct 20 16:06:50 2009 - - 3 Answers - 0 Comments
A. Let me tell you what my HOA does. We put a lien on the property. That shows up on Escrow and must be satisfied prior to escrow closing. Now in the case of what you mention, I don't think they are allowed to. If the HOA wants to go after those unpaid dues after the fact, I think they need to sue the previous owner.
Answered by Uncle Pennybags - Tue Oct 20 16:11:58 2009
What percentage of a home does the average American home-owner own?
Q. That is, if an average American home-owner were to appraise their home today what percent would they own in equity? More specifically, how much does this percent vary between different home-owner age brackets? And, considering this, what are the odds that the average American home-owner will ever pay off their mortgage? Sorry for the barrage of questions. It would seem that answers to these could be of value to those of us that are younger and hoping to set somewhat realistic, lifelong financial goals. Thanks!
Asked by A - Sat Jun 13 18:22:22 2009 - - 5 Answers - 0 Comments
A. I too own 100% and if it helps the age bracket is..well...over the age of 60 if that helps you any. Added I totally agree with George G's assessment. People now want 40 year mortgages, nothing down, and even interest only for a few years. My home has been paid off for many years, I took on a 15 year mortgage with high interest rates and paid it off in 9 years. How? Because I could comfortably afford the house.
Answered by Rebecca - Sat Jun 13 18:30:09 2009
Q. That is, if an average American home-owner were to appraise their home today what percent would they own in equity? More specifically, how much does this percent vary between different home-owner age brackets? And, considering this, what are the odds that the average American home-owner will ever pay off their mortgage? Sorry for the barrage of questions. It would seem that answers to these could be of value to those of us that are younger and hoping to set somewhat realistic, lifelong financial goals. Thanks!
Asked by A - Sat Jun 13 18:22:22 2009 - - 5 Answers - 0 Comments
A. I too own 100% and if it helps the age bracket is..well...over the age of 60 if that helps you any. Added I totally agree with George G's assessment. People now want 40 year mortgages, nothing down, and even interest only for a few years. My home has been paid off for many years, I took on a 15 year mortgage with high interest rates and paid it off in 9 years. How? Because I could comfortably afford the house.
Answered by Rebecca - Sat Jun 13 18:30:09 2009
What is the process to transfer antique vehicle plates to a new owner in Pennsylvania?
Q. In Pennsylvania, when purchasing a vehicle with antique plates the current owner can transfer the plates to a new owner by writing a letter releasing the plates to the new owner. If this is done, does the new owner have to send in 4 photos of the vehicle as if it was a new application?
Asked by Eshock - Sun Nov 8 09:35:12 2009 - - 1 Answers - 0 Comments
A. Yes, 4 photos of the car and 2 photos of the new owner. Full face and profile photos are required, as well as a credit report, criminal background check, and fingerprint card. After these items are received, reviewed and accepted by the State the owner must appear in person, with proof of insurance, and pay a $500 processing fee in addition to the registration fees for the next 5 years.
Answered by happy2b_white - Sun Nov 8 09:45:13 2009
Q. In Pennsylvania, when purchasing a vehicle with antique plates the current owner can transfer the plates to a new owner by writing a letter releasing the plates to the new owner. If this is done, does the new owner have to send in 4 photos of the vehicle as if it was a new application?
Asked by Eshock - Sun Nov 8 09:35:12 2009 - - 1 Answers - 0 Comments
A. Yes, 4 photos of the car and 2 photos of the new owner. Full face and profile photos are required, as well as a credit report, criminal background check, and fingerprint card. After these items are received, reviewed and accepted by the State the owner must appear in person, with proof of insurance, and pay a $500 processing fee in addition to the registration fees for the next 5 years.
Answered by happy2b_white - Sun Nov 8 09:45:13 2009
What happens if you buy a owner financed home and the owner dosent repay the existing mortgage?
Q. I am getting ready to buy a home and land from a family member, through owner financing. The land and house currently has an existing mortgage, what will happen if the owner dosent pay the existing mortgage? Im not sure how owner financing works. thanks
Asked by gator - Wed Apr 2 20:08:16 2008 - - 5 Answers - 0 Comments
A. You're asking for trouble. I wouldn't get into any such deal without the advice of a real estate lawyer.
Answered by jlf - Wed Apr 2 20:18:06 2008
Q. I am getting ready to buy a home and land from a family member, through owner financing. The land and house currently has an existing mortgage, what will happen if the owner dosent pay the existing mortgage? Im not sure how owner financing works. thanks
Asked by gator - Wed Apr 2 20:08:16 2008 - - 5 Answers - 0 Comments
A. You're asking for trouble. I wouldn't get into any such deal without the advice of a real estate lawyer.
Answered by jlf - Wed Apr 2 20:18:06 2008
Can an owner take a Salary instead of a Draw?
Q. Can an owner take a salary instead of a draw? The owner has no interest in making quarterly tax payments. Instead, he wants to take a salary like the employees.
Asked by Eric S - Tue Jan 15 17:38:53 2008 - - 2 Answers - 0 Comments
A. If the business is a sole proprietor or partnership, then no the owner would not be able to take a draw. If the business is a S Corp or C Corp then yes.
Answered by Shanew - Tue Jan 15 18:06:29 2008
Q. Can an owner take a salary instead of a draw? The owner has no interest in making quarterly tax payments. Instead, he wants to take a salary like the employees.
Asked by Eric S - Tue Jan 15 17:38:53 2008 - - 2 Answers - 0 Comments
A. If the business is a sole proprietor or partnership, then no the owner would not be able to take a draw. If the business is a S Corp or C Corp then yes.
Answered by Shanew - Tue Jan 15 18:06:29 2008
How would you classify an owner finance note sold to a third party?
Q. I have income that I need to classify for the accountant. My boss sold some owner financed notes to a third party. I don't know how to classify the income.
Asked by normans_babe - Thu Nov 6 13:27:38 2008 - - 1 Answers - 0 Comments
A. It depends on what the note was for. If it is a Real Estate Note thane that would be considered a Real Estate transaction and you would claim it as the if you had sold Real Estate. Even if the Note is in second or third position. All Real estate notes have to go through escrow and have the same process. I hope this helps.
Answered by ladonna.scheiber - Sun Nov 9 16:42:06 2008
Q. I have income that I need to classify for the accountant. My boss sold some owner financed notes to a third party. I don't know how to classify the income.
Asked by normans_babe - Thu Nov 6 13:27:38 2008 - - 1 Answers - 0 Comments
A. It depends on what the note was for. If it is a Real Estate Note thane that would be considered a Real Estate transaction and you would claim it as the if you had sold Real Estate. Even if the Note is in second or third position. All Real estate notes have to go through escrow and have the same process. I hope this helps.
Answered by ladonna.scheiber - Sun Nov 9 16:42:06 2008
Moving into house where last owner had a Cat and I am very allergic to Cats?
Q. I am planning on moving into a home where the last owner had a Cat and has since moved out. I am very allergic to cats, but am planning to have the carpets deeply cleaned in order to try to get all of the allergens out. Is there any more I can do, or should I not even consider moving into the house? Any ideas or other people who have gone through the same thing?
Asked by unknown - Mon Jun 1 16:40:15 2009 - - 1 Answers - 0 Comments
A. before living in the house, replace all carpet & padding, clean the air ducts, wash walls & cabinets with warm soapy water, and replace all window coverings.
Answered by barfly - Mon Jun 1 17:34:22 2009
Q. I am planning on moving into a home where the last owner had a Cat and has since moved out. I am very allergic to cats, but am planning to have the carpets deeply cleaned in order to try to get all of the allergens out. Is there any more I can do, or should I not even consider moving into the house? Any ideas or other people who have gone through the same thing?
Asked by unknown - Mon Jun 1 16:40:15 2009 - - 1 Answers - 0 Comments
A. before living in the house, replace all carpet & padding, clean the air ducts, wash walls & cabinets with warm soapy water, and replace all window coverings.
Answered by barfly - Mon Jun 1 17:34:22 2009
What are the differences between owner financing and rent with the option to buy?
Q. we have a chance to purchase a house with owner financing but are being told that we have to notify them of any major improvements on the property...that sounds more like renting with the option to buy to me...can you please clarify the laws pertaining to this?
Asked by Kari B - Wed Dec 17 18:32:26 2008 - - 3 Answers - 0 Comments
A. they are about the same but I can understand why he wants to be told of renovations as many start out doing well but most never complete a owner financing plan. If you do this then do it for a couple of years at most then get bank financing through Fannie or FHA and they will do this as a refinance and always pay on time and by check only as you will need proof of timely payments an a landlords word is not good enough
Answered by golferwhoworks - Wed Dec 17 18:38:07 2008
Q. we have a chance to purchase a house with owner financing but are being told that we have to notify them of any major improvements on the property...that sounds more like renting with the option to buy to me...can you please clarify the laws pertaining to this?
Asked by Kari B - Wed Dec 17 18:32:26 2008 - - 3 Answers - 0 Comments
A. they are about the same but I can understand why he wants to be told of renovations as many start out doing well but most never complete a owner financing plan. If you do this then do it for a couple of years at most then get bank financing through Fannie or FHA and they will do this as a refinance and always pay on time and by check only as you will need proof of timely payments an a landlords word is not good enough
Answered by golferwhoworks - Wed Dec 17 18:38:07 2008
Can the owner of a corporation get unemployment benefit due to the lost of business?
Q. Can the owner of a corporation get unemployment benefit due to the lost of business? The owner was paid on yearly bases in salary with EDD insurance paid in last 3 years.
Asked by John J - Thu Apr 30 14:01:17 2009 - - 1 Answers - 0 Comments
A. he may be the owner but he still is an employee of the corporation
Answered by rwa000 - Thu Apr 30 14:05:04 2009
Q. Can the owner of a corporation get unemployment benefit due to the lost of business? The owner was paid on yearly bases in salary with EDD insurance paid in last 3 years.
Asked by John J - Thu Apr 30 14:01:17 2009 - - 1 Answers - 0 Comments
A. he may be the owner but he still is an employee of the corporation
Answered by rwa000 - Thu Apr 30 14:05:04 2009
From Yahoo Answer Search: 'owner'
Fri Jul 30 04:42:24 2010 [ refresh local cache ]
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nflgridirongab.com
Thu, 29 Jul 2010 00:09:11 GMT+00:00
McNair Calls Out Mario Williams NFL GridIron Gab (blog) On Sunday, Matt Loede brought you the report from the National Football Post that Texans owner Bob McNair is pleased with the passion second-year outside ...
northernsteam.com
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Exquisite workmanship on the rods and vale gear The Gentleman driving is Earl Mueller the owner builder of the Mohawk Further shots of the Mohawk at the end of this set of photographs
tipscatalog.com
ekydakka
hu, 29 Jul 2010 10:41:36 GM
FSBO - For sale by . Owners. Property for sale by . Owners. - There are some circumstances that could spur people to come up with the decision to sell.
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