Business & Finance - 26 October 2007

2007-10-26 07:45:17 · 9 answers · asked by Edi 2 in Personal Finance

My boyfriend is in a bit of a predicament. His parents are either getting divorced or separating, and they want to get rid of their house, we live in CA, so we were wondering what would happen if the parents "gifted" the house to my boyfriend. Would he accumulate all the debt on the house (ie. car loans taken out on the house?, etc.)? Would it be worth taking on all of the rest of the mortgage considering housing prices? We live in the bay area , so it would be better for us to take over the house rather than go out and buy our own which is incredibly expensive. Do you think we should see how much debt has been accumulated? Would he have to pay his parents off if they left or no? Thanks ahead of time, i need any kind of answers i can get. We are going to be talking to a banker soon, but we just want to have some idea about what we should do! THANKS!

2007-10-26 07:43:17 · 6 answers · asked by Anonymous in Renting & Real Estate

If I pay the balance in full, are many collection agencies willing to remove the mark on the credit report? Any ideas or suggestions on how to go about beginning the process, and websites with sample letters?

2007-10-26 07:42:23 · 9 answers · asked by MeMyselfandI 1 in Credit

I have no insuranxe and got sick in 05. I m paying about 300.00 a month on these bills. Are they tax deductable? Can I still deduct the ones from 06 I didnt deduct last year?

2007-10-26 07:40:21 · 7 answers · asked by Imjustsayin 1 in United States

First some background:

A home we are looking at buying apraised for $340K a year and a half ago. It has sat empty in a high tax area since then, and friends are offering it to us for $250K. I've done the research with realtor friends and everyone agrees its a good deal. It needs about $20K of work (windows, ventilation). In researching ways to finance the mortgage and/or repairs, one of the places I've received quotes from suggested the buyer change the price from $250 to $275, then give me $20k back. Obviously a red flag or two went up here.

It doesn't seem the house would have any problem legitimately appraising for $275, but I'm concerned about the legality of this. Is this a legit solution to my financing issues?

Please only people with real knowledge or experience, not someone dropping a sarcastic comment looking to add more points to their name.

2007-10-26 07:39:42 · 13 answers · asked by Anonykris 2 in Renting & Real Estate

My house was broken into and the bastards took a small safe with jewelry of my husbands mother (R.I.P.) I never saw the jewelry cause my husband is very sentimental and nevr showed it to me. All I know is that she had a lot of jewelry and a tennis bracelet worth $600.00 cause he bought for her (she had earrings, bracelets, necklaces, rings all gold. I know cause I inquired with the mom's sisters). The insurance lady told us to come up with a number but we just don't wanna make up a number that is too extravagant. What should we do or what is a decent number to come up with???

2007-10-26 07:36:16 · 4 answers · asked by arielle 3 in Insurance

What are the MAIN benefits to buying health insurance through the chamber of commerce. I am a one man business that has NO employees. I incorporated the business as a self corporation.


http://www.detroitchamber.com

2007-10-26 07:34:51 · 1 answers · asked by John s 1 in Insurance

I bought a stock for $25 a share. It's now worth about $18, and it's been in this range for the past 2 years. Is there anything I can do, other than selling it and writing off the $3k loss?

2007-10-26 07:31:15 · 10 answers · asked by D 1 in Investing

I am looking at buying a small cafe and I am trying to think about what questions I should ask the owner. What are the hidden costs in a restaurant, that a newbie may not think to ask? I have list of questions, but would love suggestion to make sure I am on the right track and have not overlooked anything.

2007-10-26 07:28:49 · 3 answers · asked by cameron 2 in Small Business

I have a relative as a landlord and as an effort to improve my credit i want to know how they need to go about reporting my payments to my credit.

2007-10-26 07:25:02 · 5 answers · asked by daisy_77375 2 in Renting & Real Estate

Here we are dependent on foreign oil and we are drilling less.

2007-10-26 07:22:41 · 3 answers · asked by Kuntree 3 in Other - Business & Finance

i neeed moola!!!!

2007-10-26 07:15:35 · 28 answers · asked by Anonymous in Personal Finance

If myself and partner rent a house (say £350 per month) and we split all the bills (inc the rent, gas electric etc) in half, how much money could we survive on that is left over after paying the bills?

2007-10-26 07:13:51 · 13 answers · asked by Anonymous in Renting & Real Estate

I can't find much information on the website. It says you get £180 free credit...on a contract mobile (equivalent to £10 per month). Does that mean that your line rental is £10 cheaper per month or you get an extra £10 to spend per month. Is is £10 per month or £180 over your contract length?

2007-10-26 07:11:22 · 2 answers · asked by JENNIFER B 2 in Credit

everytime I check the stock market (e.g. DOW), i notice that it doesnt begin where it ends the day before, why is that??

2007-10-26 07:11:05 · 3 answers · asked by Tsu-Fan C 1 in Investing

the last tax season we went to do my boyfriends taxes and my tax lady from h&r block said he could not claim my twins because he was not their boilogical father. but he was able to claime me and we are not married yet. he also claimed them for the 2004 tax season. and if we were able to claime them can we still do so? that is a lot of money just sitting there. thank you.

2007-10-26 07:10:51 · 19 answers · asked by Anonymous in United Kingdom

I recently had a baby and was on CA State Disability & CA Paid Family Leave. I was still making payments to my employer every 2 weeks for health insurance just like when I was working. Is that right? It doesn't seem fair that if you aren't working and getting your normal wages that you should have to pay for your health insurance but then on the other side I was still using my medical coverage to have the baby and go to my post pregnancy appointments. Does anyone know the CA law on this issue?

2007-10-26 07:06:41 · 6 answers · asked by ShellyShells1980 1 in Insurance

Or if it is money, why?

I didn't even try to look for a summer job until I was 17 and 18 and then again (more seriously at age 20 after I graduated and had some college).

My point is, at those ages I wasn't motivated to do it even though in my state you can get a summer job at 14, with a worker's permit and parent's permission.

2007-10-26 06:59:09 · 5 answers · asked by Anonymous in Other - Careers & Employment

2007-10-26 06:57:36 · 3 answers · asked by andrelee5 1 in United States

Ive missed quite a few credit card payments about 7 total about 2 years ago and I am in the process of raising my credit score. So will I be considered sub prime for the entire 7 year period until those late payments no longer appear or will just raising my credit score bring me out of subprime.

2 years ago my credit score was 460 now its 639 I havent had late payments on anything since then. I just wanna buy a house in 2-3 years I would like to know when will i not be considered subprime. is it when my credit score reaches or certain number or what????

anyone with info on what sub prime really is I would appreciate it!

2007-10-26 06:52:49 · 2 answers · asked by nikkylyn 5 in Personal Finance

I love First Team. I have bought all my houses from there. But I would like to have a poll. Tell me witch you like better. First Team or Century 21??? Then I will total them. Check back to see what the answers are. I will write the poll totals on an Additional Detail.

(By the way, I work at First Team)

2007-10-26 06:50:19 · 6 answers · asked by Anonymous in Renting & Real Estate

it looks like the city might have taking over the property at 406west ave rochester, new york 14611 would like to know the ownerof this property and price

2007-10-26 06:48:15 · 1 answers · asked by Sharon S 1 in Renting & Real Estate

I financed a brand new convertible last year. The payments were a little high, but I could afford them. 2 months ago, I was laid off of my job. I recently found a job( actually working two jobs) but I am having extreme difficulty paying the car, I never expected to be laid off and now I am having trouble making the payments and I am racking up late charges. I want to sell it but I owe more thousands of dollars more than the car is worth. I need ADVICE!!!!

2007-10-26 06:44:27 · 12 answers · asked by Jennaba9048 1 in Personal Finance

... name?

When you die, Pennsylvania treats the money that you leave to your spouse in an IRA as INCOME when she files for a property tax rebate.

The amazing thing is that the state once again treats that same money as income when she makes actual withdrawals.

So, the state penalizes your spouse TWICE --- once when the IRA is changed from your name to her name and once again when your spouse actually receives cash from the IRA.

2007-10-26 06:40:03 · 3 answers · asked by Anonymous in Other - Taxes

I could set invest 250k to be managed by a company. If I were more conservative, I could put in 67K. I have been approached by AIG VALIC company, but I have read bad reviews about them. I'll be retiring in 6 months, and I need something that is fairly conservative.

2007-10-26 06:37:42 · 1 answers · asked by Counselor 3 in Personal Finance

My car broke down recently and I need to buy another one, but I can't afford to buy one right now. I'd have to lease or finance, but I have a business credit card that has 0 APR for a year, so if I could charge a car on that card it would save me a lot of trouble. I do need a car for work everyday so it would be used for business purposes; I'm just not sure if I'm allowed to charge one on my business card since it would also be used for personal reasons.

2007-10-26 06:27:52 · 17 answers · asked by cozza 2 in Credit

My fiance & I signed a contract to buy a house in August. Once we signed the paperwork we were told that there was a contingency with the sellers, they needed to find a house before they would sell. We were upset that they weren't honest with us about it but gave the owners over a month to find housing.

Finally about a month ago they found a house and signed off on the contingency. They closed on their house last week and moved out. Our lawyer sent the paperwork on our broker 2 weeks ago and called me to say that it was all clear and left for her honeymoon. My fiance and I were supposed to close on our house today, but found out two days ago that there is a lien on the house. Now another laywer in the firm is taking care of our stuff and wont give us answers.

The owners of the house lied to us about the lien, our lawyer lied to us about it and we dont know how long it will take to clear up. Our real estate agent has been out of state and not much help.
What should we do?

2007-10-26 06:25:23 · 5 answers · asked by Megs 1 in Renting & Real Estate

Mark, the personnel manager for Shelby Manufacturing Company, was meeting with Shawn, the production manager. Shawn began the conversation by stating, “Mark, one of our first-line supervisors has applied for the new departmental job. This guy would be great and is the best qualified. But, I don’t want to put a 62-year-old person in the position. I’d rather fill the vacancy with someone who will be with us for a while. Also, our competition is so great that we must absolutely have a person in this job who has the energy to work long hours.”

"Shawn,” Mark said, “I guess you don’t realize that our company has always had a policy against age discrimination. Not only that, it’s illegal. I suggest that if age is your only hang-up, the worker should be promoted.”

Do you agree with Mark's assessment of the situation? Why or why not?

2007-10-26 06:24:16 · 7 answers · asked by Milla 3 in Corporations

I am thinking of starting a real estate company in Tennessee. What is a fair way of paying a principal broker? Do they typically get paid a salary or percentage of what agents produce? I am a licensed broker, but do not wish to be the principal.

2007-10-26 06:22:17 · 2 answers · asked by ness 2 in Renting & Real Estate

where you think you will be in next five year.
what are you salary expectation
why you are applying for junior position when you have higher qualification( i want to go to routine QC job instead of Research and development)

2007-10-26 06:20:08 · 4 answers · asked by bobbyk 1 in Other - Careers & Employment