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4 December 2018 | 2 replies
There is a CRA rule that says a loan is deemed to have a prescribed rate (which i think is the BoC rates) of in today's market, 2-3%.
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30 November 2018 | 6 replies
Actual or Standard.Actual takes the total expenses related to the car(insurance, maintenance, repairs, etc) and multiplies it by the ratio that you use the vehicle for business purposes.The standard method allows you a take a deduction by multiplying your business miles x IRS prescribed rate for business miles.You want to discuss with your accountant which method to use.
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13 March 2015 | 16 replies
Denver is a hot market and you won't make numbers as written in books and prescribed by the rules.
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11 June 2016 | 16 replies
@Kathleen Wilcox be really cautious about offering a 5 year lease with option, Due on Sale Clause IssuesHere are the exemptionsd) Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—(1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.
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3 December 2014 | 4 replies
A notice of lien that is registered, recorded, docketed, or indexed in accordance with the rules and requirements relating to judgments of the courts of the State where the notice of lien is registered, recorded, docketed, or indexed shall be considered for all purposes as the filing prescribed by this section. ..."
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23 April 2012 | 5 replies
Here is an excerpt from @Clint Coons regarding the due-on-sale clausehttp://www.alglaw.com/service/view/land_trustsWith respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may NOT exercise its option pursuant to a due-on-sale clause upon:(1) the creation of a lien or other encumbrance subordinate to the lender's security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter-vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.So, like K.
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16 May 2013 | 14 replies
They were less than willing to work with me, but I think they got sick of me constantly calling them...because of their attitude, I did charge them the $50 late fee as prescribed for in the lease, which will come out of their security deposit...All in all, a pain in the ***, but the monthly profit far outweighs the negatives...What do you guys think?
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14 July 2012 | 10 replies
Stephen prescribes; Loan out your $$$$ for 10%... and call me in the morning.
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23 October 2014 | 22 replies
Adverse PossessionA method of gaining legal title to real property by the actual, open, hostile, and continuous possession of it to the exclusion of its true owner for the period prescribed by state law.Personal Property may also be acquired by adverse possession.Adverse possession is similar to prescription, another way to acquire title to real property by occupying it for a period of time.
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11 November 2014 | 14 replies
Another idea is to subscribe to the newspaper or a legal publication for the county or area which will publish the dockets of the probate court, and sometimes the cases as they are opened.Edit: The sole function of the clerk is to record documents as prescribed by law, and then make those available to the public.