Lost in Massachusetts asked:


A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me.

HARRY

Chochi asked:


I’m currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have to settle this 2nd mortgage. Can they freeze my assets? Will they seek a Judgment?

DONALD

SmallBusinessfaq asked:


Is a business level worthless?

for small business owners and entrepreneurs, did you really ever use the skills you learned from your BA or MBA? If you already enjoy a passion for business, is it a smart opinion to invest in a BA or a moment ago venture out to…

Is it legitimate for small business owners to pay packet below minimum wage?

My best friend works for a small business (less than five employees) here in Iowa and the owner is paying her smaller number than minimum wage. can he do that? If he can’t what should she do? How…

Question for small business owners?

Have you ever been stuck within a situation that you need money and no clients? Did you furnish up and get a living?

Question for small business owners?

My partner has his own business and works on his own but he is not managing his free time in good health. He is on an on-call basis and tries to fit clients around one another whilst race across the city. He is doing really well…

Recommendations for Internet Forums for Small Business Forums and Entrepreneurs?

I am looking for a list of internet forums / discussion groups for small business owners and entrepreneurs. Is anyone here habituated with any popular sites? Thanks!

Small Business Owners?

I’m thinking of starting a small boutique. Is starting a small business really difficult? What experiences have small business owners have?

To any small business owners. what do you quality would maintain…?

telling a customer to thieve his business elsewhere?

What are some of the effectual advertisments which small business owners can engage?

Thanks for your sharing in mortgage

Any bankers or small business owners please HELP!!?

My husband and I have basically completed one year w/our auto body shop. This summer has be horrible! And we are thinking of closing because we’re not making enough money to use for parts, paint ect. So I requirement tips on either loans…

Any small business owners?

Anyone intrested in starting a group that negotiations about small businesses. Something similar to a network or newly a place o share advice.

As a small business owner what would you reimburse for a soon seminar to revise how to marketplace your website?

I teach small business owners how to bazaar websites and would like to know what a carnival price is for a one day seminar (6-8 hours) in the region of online…

Can small business owners apply for STD and LTD policies?

If so, how would that work if you own a business where your income fluctuates every month and you don’t hold a set income.

Does anyone know of any business network opportunity contained by the Washington DC nouns?

I own a new small business support service company and am looking for places to touch other small business owners. I am a mobile virtual assistant and looking for ways to get the word out…

How can small business owners be assured that their interests are mortal properly considered within legislature?

Many small business owners are so busy running their businesses that they hardly own the time to write to their representitives or do other things to try bring their concerns to light. With this surrounded…

How to administrate Section 125 Flexible Benefit Plan?

we are small business owners. I would like to know if it is possible to admisitrate Section 125 Flexible benefits Plan ourselves. If so, any insist on how to do it? Thank you

Is the yahoo small business ready-made website other for small business owners?

I am a vitamin and natural foods retailer near an established store business, but no web presence. I want to supply online and have no experience near web design or buying promotion for the search engines. Yahoo…

Is your small business consuming you?

Most small business owners go into business surrounded by order to be free from beaurocratic employer and/or to fulfill some kind of commitment or dream. The majority quickly find out that growing a small business is tough and can totally consume you. If…

sound out for small business owners?

Are there any small business owners out near that have hired the services of a Market researcher (preferably near an economics degree)? The Kansas City area would be great, but superfluous. I am looking for referals, perusing the yellow page seems a bit risky. THANKS

This one is for small business owners. Not network design firms please. How much would you clear for a trellis site?

How much would you be willing to take-home pay for a website that is more than simply basic. I know you can set up a free website or design…

To small business owners. What giving of media hype do you cogitate works the best?

Yellow pages, flyers, mailers or other?

What are some adjectives problems small business owners encounter?

Would access to business consultants, website & IT assistance be helpful to your business? How much does consultation for the following issues generally cost (tax, Human resources, IT, Contracts, accounting, marketing)?

What is the percentage of business owners who don’t own a amount?

I was a moment ago wondering because I use to travel around many different cities selling insurance. I would in actual fact target small business owners. A lot of them like to brag going on for how they got…

What upsets small business owners in the order of Credit Card Processing?

In short, what confuses you or makes you batty about processing credit cards? I hold a series of presentations that I will be performing over the next few months surrounded by various communities for Chambers of Commerce, Industry…

Where can you obtain custom woven label made for your business?

I’m thinking about starting a business and I would resembling to have woven label with my business nickname on them if I do. I’ve seen contained by the past that profusely of private sellers or small business owners own really…

Where is the best place to find small business owners who want to put up for sale their products and services?

is there a directory or chatroom or something similar?

Dividends for small business owners?

I own a small business, S-corporation and I want to pay myself a dividend. Last year my retained proceeds (after all bills remunerated, etc..) were roughly speaking $20,000. I paid myself $2,000 for a “dividend”. Am I allowed to draw money from my…

For small business owners: what should be my first steps surrounded by proclaim to widen a business?

I am a single male, 25 years weak and my income at my current job is roughly $30,000 per year. I hold over $10,000 cash save up to help me start a business. I…

How can you start a bookkeeping business from home ?

I am currently attending a community college taking bookkeeping and computerized accounting . I would approaching to start my own business and contract near small business owners in my nouns. What exactly will I be doing as a freelance bookkeeper ?…

More small business owners questions please visit : Small-business-FAQ.com



LON

Amy Nutt. asked:


To put it simply, online banking is the banking of the future. It is how people can handle all of their banking needs right from their computer without ever having to get up to go to the bank. The services can be accessed at anytime and most banks will have all of their features available online plus some that may not be offered in their physical locations. Online banking provides convenience without adding any risk factors.

Signing up for online banking with your bank lets you see full details of your account at any time that you sign in. Some banks have instant updates so that you can see a transaction on your account moments after you make it. This is a great way to always be aware of what is going on with your account and keep an eye out for foul play. If there are ever any questions or concerns, customer service can be reached at any time via email. Some banks will even have instant messaging during business hours so you can talk to someone in real time.

One of the best features about online banking is bill pay. Rather than going through the hassle of having to mail in a check each month or make a phone call to pay a bill, any bill can be paid directly from your account as long as you have the account number for each bill. You can store those payees and then make payments easily by just entering the amount and hitting either send or process.

You can also pay yourself or send money to an account of someone you know with funds transfer. This cuts out the middle man of going to the bank to write a check to yourself. The transfer is instant so you won’t have to wait for your money to get where you want it to go. When you pay other people who also use the same bank, those transfers are also generally instant but it will vary depending on the bank.

Applications for loans and credit cards can be found on many online banking sites. Filling out these forms is easy and approval can be determined in as little as 60 seconds. If there are any problems figuring out how to answer a question there are FAQs available to help explain what each question on the form means.

All of these features mean tons of useful benefits for you. With online statements you don’t need to deal with paper bills anymore. You also won’t need to go to the bank every time you want to see your account history and the need for filling out a checkbook becomes a simple matter of whether you want to or not. Everything you could ever need your bank for is right at your fingertips. Some banks may charge extra for making use of some of these services although most banks offer online banking free with any checking account. If they do charge a monthly service fee for online banking, you can see when it is taken out of your account by looking at your online statements!



STEVIE

Simon Burgess asked:


Sadly many consumers do not realise that they have many options when it comes to protecting the monthly repayments on a loan. Those who are misguided into taking out cover at the same time as borrowing could find that they are paying way over the odds for the premiums. This is because the loan payment insurance is often costly when buying this way from a high street provider.

The fact is that you can choose to buy loan payment insurance from a standalone provider. Getting quotes from a specialist could save you up to 80% on the premiums. And it is not only the cost of the insurance that differs, depending on where you take out your policy, it is also the information given regarding the cover too.

Poor selling techniques and lack of information regarding the exclusions led to many buying a policy that was not suitable for their circumstances. Protection insurance was sold to those who only worked part time, were retired, self-employed or who suffered a pre-existing medical condition. These are all listed in the exclusions of the majority of loan payment insurance policies along with the specific ones from providers. It is these that you have to check against your circumstances to ensure that you would be able to benefit.

If a policy is suitable for your needs then it can truly be a lifeline if you were to be unable to work. A loss of income together with trying to meet loan repayment commitments would add to an already stressful situation and is not the perfect recipe for a quick and speedy recovery. If you want to recuperate with peace of mind then loan payment insurance would present a tax free sum each month which would be used to continue financing your repayments. You do have to be off work for a defined period of time but with the majority of policies cover is backdated to the day you first became unable to work.

The waiting period before you can claim varies between the 30th and 90th day and once you have started receiving benefit it would continue for between 12 and 24 months. The exact time frame will depend on the particular provider and this will be stated in the terms and conditions of the policy. It is essential to read this through and make sure you understand what you are buying before signing on the dotted line.

Luckily getting access to the vital information needed to make an informed decision is easy with a standalone provider. You will be able to find FAQs pages where cover and the technical terms within it are explained in plain English. Along with this free advice is always available on any aspect of loan payment insurance you do not understand. Peace of mind and an income if you should suffer through being out of work due to no fault of your own are available. It also does not have to cost a fortune or be very hard to understand if you stick with an independent provider.



NESTOR

Die Bart Die asked:


Our realtor advises that only buyers with cash in hand can buy foreclosed properties at auction. There is a technical challenge buying if you need a mortgage as you have to be in contract to be able to get the mortgage approved. Is this true or is there a valid way you can get a mortgage and bid on a foreclosed property at auction?

DION

asked:


Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.

ANDRE

Painted Jezebel asked:


I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.

TOMMIE

Scott Baxter asked:


Now that banks are having to repossess homes from delinquent mortgagors, some buyers are asking, “should I buy a bank owned property”? Even with years of real estate experience and knowledge, the best answer here is still: “It depends.” Shopping around and knowing the particulars of each sale are still vital as they can vary widely from one house to the next. Arming yourself with some basic information on these types of transactions should also help to give you an idea of the risks and potential gains involved.

SHOP AROUND

Bank-owned or REO (real estate owned) properties can vary in condition from damaged to excellent, and be priced properly (at market) or be a great value. You just need to shop around. I have some clients that have found absolute gems priced 10% to 20% below market.

Even after you shop around though, there’s still a fair amount of risk involved in buying this kind of property. Most of the homes in this category are sold in “AS-IS” condition. In some cases, you won’t even be able to inspect the house before you buy it. Banks won’t make repairs or be held liable for damages, mold or the like so be prepared to sign lots of addendums exonerating them from any responsibility after the sale. Also the bank tends to place a per diem clause that may cost you $100 per day if you’re late in closing.

If you’re prepared to accept these conditions, I say “Make an offer” and see what happens. Basically, there are three types of foreclosure sales:

AUCTION

This is the riskiest way to purchase bank-owned property, but can also net the greatest financial gain. Some estimates say 25% off the original purchase price is common. If you want to play the auction game, you’ll have to pay cash and you’ll have to forego any kind of inspection. Auctioned homes are truly “AS-IS.” There is also no way to avoid the fact that you are profiting from someone else’s misfortune with this option. People who are losing their homes may refuse to move out or may damage the property in anger

SHORT SALE

This isn’t really a foreclosure sale, but a sale the homeowner makes in order to ward off foreclosure and do some damage control. Also known as pre-foreclosure, this is when you buy from a homeowner before the bank intervenes. You can inspect the house before you buy when you go this route, but be warned – many of these deals are stalled or squashed by the banks before they’re closed.

REO

This is when you buy a foreclosure from a real estate company. REO presents the least risk of all three options. You have clear title, right to inspect and can get your financing in line first. You won’t get as great a deal as you could by buying at an auction but for many buyers, the reduced headache is well worth it.

One thing I can say for certain: banks NEVER want to own these REO properties, they just want to lend money and collect mortgage payments. When a property becomes bank owned, it’s because the borrower has forced the bank to foreclose, that is it. What this usually means for buyers is a clear chance to purchase a home from a very willing seller.



DONOVAN

james w asked:


If you provide the mortgage company with all the requested info do they typically follow up on that. Does it vary from company to company or is it a common practice for them to execute the 4506t form. Also, has anyone everheard of first choice mortgage in charlotte? Any thoughts on them?

ANDRE