Business & Finance - 17 December 2007

So... long story short (as short as possible anyway :)). I found a house which is a foreclosure. I *have* to wait 60 days from now to close escrow due to when my funds for the down payment become fully available. The seller (the bank who owns the property) has agreed to the selling price and m conditions EXCEPT the close of escrow date. They want to set the date 30 days from now and will allow me to extend it 30 days as long as I pay 1/10 of 1% of the house value PER DAY. The house cost is $500,000. So, that's $500 per day and in 30 days that's $15,000. I happen to think this is ABSURD. Does anyone know if this is legal? Seems like extortion to me. FYI, the house is in California. Is there a cap to how much they can charge? I'm already FULLY pre-approved on the mortgage for the full amount. No waiting there... just the 60 day requirement.

2007-12-17 18:28:34 · 4 answers · asked by HelpMeEscrowStuff 3 in Renting & Real Estate

2007-12-17 18:28:26 · 2 answers · asked by yazo66 1 in United States

2007-12-17 18:28:06 · 6 answers · asked by Anonymous in United States

I am currently working a part-time, seasonal (Christmas) job at Bath & Body works. While I've loved their products for years and will continue to, I am not enjoying the job as much as I thought I would.
I want to turn in my two-weeks notice this Friday (my next shift), but since it's a seasonal job and I'd be let go anyhow after Christmas (or in early January at the latest) would that even make sense to do? Should I just stick it out till the end of the season? Should I give notice of a different timeframe? I don't know what to do!

Thanks

2007-12-17 18:26:56 · 4 answers · asked by vlcebunny 3 in Food Service

The house had been rented for the previous 4 years, but with the market having changed, we have not been able to get the property rented. I am confused when reading the IRS publications. If there is a tax expert that can direct me to the correct information, it would be greatly appreciated.

2007-12-17 18:14:41 · 7 answers · asked by jlrjvr 2 in United States

Say a person has engaged someone to work for them. The terms of engagement are only VERBALLY agreed upon - eg: Rate of pay, number of days of notice. The only documented proof of engagement is the payment made to the employee. Now if the employee quits after borrowing money that he has not yet given back to the employer, can the employer minus that amount of money from the employee's last check ? Once again the only documentation of money being borrowed is the transfer of money from the employer's bank account to the employee's account. Can the employer legally do that ? Also, if the employee quits before the required days notice period, can the employer deduct the losses from the employee's pay ?

2007-12-17 17:49:12 · 3 answers · asked by sc2008 3 in United States

2007-12-17 17:43:39 · 14 answers · asked by Mere Mortal 7 in Personal Finance

My wife recently gave birth a baby girl. During the pregnancy she had gestational diabetes. her doctor refered her to have extra care to some diabetic management co. I called up my insurance and the operator on the other end said we are covered. Now I got a bill of $1552 which says It was not covered. How do I make sure I can get the coverage ?

2007-12-17 17:37:18 · 5 answers · asked by abul31 1 in Insurance

home ??

2007-12-17 17:36:10 · 5 answers · asked by burlingtony 2 in Renting & Real Estate

Can't we trade online through cyber cafes ?

2007-12-17 17:32:23 · 5 answers · asked by Anonymous in Renting & Real Estate

2007-12-17 17:28:53 · 15 answers · asked by mohit s 1 in Investing

2007-12-17 17:27:45 · 1 answers · asked by Anonymous in Other - Taxes

I am quitting my job and want to know if in my contract it says that I must provide a 2 week notice if the 2 weeks include non business days. My notice happens to fall on christmas and christmas eve in which my company is shut down.

2007-12-17 17:23:20 · 9 answers · asked by adam d 2 in Small Business

What can i do to get instant cash? is there any part time job which i can do at home, eg. editting articles? that is available in malaysia? Anyone has any suggestions?

2007-12-17 17:08:15 · 2 answers · asked by raito 1 in Small Business

There are 13 people in this tiny house and I have filed an eviction with the courts. How long is it going to take to get these people out? Becuase if we have to wait till Feb when the court hearing is we will have a forclosure and it will ruin our lives! They are racking up a utility bill of about 500 month and not paying, and were told they will not shut off till march!

2007-12-17 16:56:37 · 9 answers · asked by MCINPS 3 in Renting & Real Estate

Okay I am 17 will be 18 in 5 days. I am married and on my own with my husband. Very responsible and ready to do something! I am looking for someone to offer me an in home job that I would (preferably) do by computer, but am open to other things if at all possible. If you have anything to offer me email me ladysummitt@hotmail.com - Mary

2007-12-17 16:51:42 · 2 answers · asked by Mary S 2 in Small Business

yeah at the melbourne show in a show bag i got it and it said "score some swag" on. if anyone knows the site (it was a weird name. nothing like "cashsurveys" or anything like that) can you please well..... tell me it.

2007-12-17 16:50:10 · 0 answers · asked by skilly1994 1 in Other - Business & Finance

2007-12-17 16:48:39 · 2 answers · asked by Faika B 1 in Personal Finance

2007-12-17 16:42:06 · 9 answers · asked by joe 2 in Renting & Real Estate

any equity? Assuming it is desirable land with a beautiful view visible from a very stylish "home" and discrete "trailer." Also assuming much landscaping and road work was I'm proved and the trailer included all utilities and appliances and solar system and back up generator and shed, etc. Will the bank give me equity, and if so, how much less than the identicle house on a perminent foundation?

2007-12-17 16:38:15 · 1 answers · asked by alan p 1 in Renting & Real Estate

2007-12-17 16:23:57 · 3 answers · asked by Anonymous in United States

If someone was to give you any amount of money you wanted for a business, but he wanted a 40% return on his investment every year, what type of business do you think would work?

(i.e. He loans you 250,000 dollars and wants you to pay him 100,000$ per year as long as you own the business.)

2007-12-17 16:23:28 · 8 answers · asked by Anonymous in Small Business

I know that quitclaim deeds must be notarized, but how about other types of deeds?

2007-12-17 16:22:34 · 3 answers · asked by Anonymous in Renting & Real Estate

we have been at the same complex for 2 years. Our complex recently changed management companies. When we went to renew our lease we were told we have to get property liability insurance. Also... they added some fees to the lease (new amounts on pet deposits and general deposits) that we did not have to pay when we moved in... but they want us to inital these new fees when we renew. But if we inital them... cant they make us pay them?

example when we moved in for pet fees all they required to own a pet is 150 per pet (2 max) non refundable pet fee. NOW they require 300 per pet non refundable pet fee.... 200 pet deposit.... and a 10 per month pet rent. it is on the pet addendum... which we have to initial. We paid the 150 per pet fee when we moved in... but if we inital it cant the make us pay the higher fees?

Also they now require 300K property liability insurance.

Can they add all these fees and requirements to exsisting residents?

2007-12-17 16:11:57 · 4 answers · asked by TAZZLOVER8 2 in Renting & Real Estate

I was originally planning on moving out as soon as I graduated high school, but decided to stay and go college...now with 1st semester and this year coming to an end, I'm downright miserable.

My parents ignore me 50% of the time, but the rest of the time they're making fun of me, yelling at me that I should move out, etc...my mom's an alcoholic and she and I get in an argument literally every day...Living at home doesn't even feel like home because I'm not aloud to be myself (gay) without being made fun of and am treated like worthless trash...I feel like I could run away for months and they'd be too drunk to notice. My mom's drunken rants have gotten in the way of my studies too......

I'd be moving to Chicago in an apt. that's $600/month...would probably get a roommate, 2 jobs, get my life together...then go to community college there for 2 years and eventually transfer to university.

Anyone else move out at 18? How'd it go? What were the pros/cons?

2007-12-17 16:09:13 · 19 answers · asked by Anonymous in Renting & Real Estate

Is there a way to find out a buyers name, address, phone number and/or agent PRIOR to a closing? I know after the deal is done the zoning/tax office can provide it but how about before? There is a property I am interested in but it's already contracted and set to close. I'd like to make an offer to the buyer (before…or worst case after) it closes but not sure how to contact him/her. The selling agent is being tight lipped. We live in Pennsylvania.

2007-12-17 16:09:07 · 4 answers · asked by Jimstein 1 in Renting & Real Estate

(this quesion has been asked twice because i think i added it to the wrong area. sorry about that)
we are about to apply for an FHA loan as first time home buyers. Well, my husband is. he doesnt have the best credit, most of which is from 5-7 years ago. the rest of his credit is pretty recent (within the past year), but in good standing. HOWEVER, there is a sallie mae loan on his credit with a default and we are currently not paying on it. no judgments as far as i am aware. we are trying to work with sallie mae to get the situation handled but they are not cooperating with us, to make a long story short...
my question is, although FHA loans are made for people with shotty credit so to speak, should we be worried about being denied because of this sallie mae thing?

2007-12-17 16:01:36 · 3 answers · asked by Paige 2 in Renting & Real Estate

i recently became a landlord and would like to increase the rent after the lease expires since the rent amount is very low and my taxes have increased.

is there a maximum amount i can increase the rent by in New York.? how can i find out. is there a law that puts a cap on the increase?

my unit is not 'rent controled' or 'rent stabilized'.

thanks

2007-12-17 15:50:38 · 1 answers · asked by tom 1 in Renting & Real Estate

How long did it take for the bank to accept your offer?

2007-12-17 15:48:38 · 2 answers · asked by hotgirl_rightgirl00 5 in Renting & Real Estate

My bank stated the my account was frozen by city of chicago and that their is a suppena on the account, but didn't give me any futher info. Can they do that legally? please help

2007-12-17 15:46:52 · 2 answers · asked by carl y 1 in Personal Finance