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29 January 2019 | 7 replies
That way, they can dispose of the house without destroying their credit in a foreclosure.If a wholesaler was to come in and steal what little equity the homeowner has, knowing that they're in a desperate situation, that wholesaler should be horse-whipped.
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23 June 2015 | 6 replies
according to the Non-Residential/Residential Landlord and Tenant ActsIf a tenant abandons, surrenders possession of, or is evicted from nonresidential rental property and leaves goods, furnishings, fixtures, or any other personal property on the premises of the nonresidential rental property, the landlord may take possession of the personal property ten (10) days after the tenant receives personal service of notice or fifteen (15) days after notice is mailed, whichever is latest, and if the personal property has no ascertainable or apparent value, the landlord may dispose of the personal property in a reasonable commercial manner.
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23 October 2015 | 19 replies
Trash disposal was also a cost; they basically walked out the front door one day never to return.
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7 November 2021 | 15 replies
Starting with a plan and understanding the ins and outs of the tools you have at your disposal (I.e. the VA Loan) is also critical.
20 October 2021 | 6 replies
Mainly looking to just get the conversation started on how I can utilize what I have at my disposal in the most efficient and beneficial way possible!
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3 November 2021 | 12 replies
You can get it fully restored to use again by refi'ing the first home out of a VA loan and then applying for a one-time reinstatement (I just did this, so yes, it is possible), but its just as the name implies-'one time'-so if you go this route and buy a second home after restoring your full entitlement you'll have to 'dispose' i.e. sell the home(s) to use it again for the third one.
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3 November 2021 | 7 replies
Any early nonqualified use will forever taint the property and some portion of the gain will be taxable (unless a step-up in basis occurs under IRC Sec. 1014 after the death of the taxpayer)When sec121 qualified property with non-qualified use is involved in 1031: (non-qualified period tacks on)Depreciation: In other words, where a taxpayer's residence is the relinquished property in a tax-free exchange, any gain attributable to depreciation deductions relating to the residence can be deferred until the taxpayer disposes of the replacement property received in the exchange.Gain: The Code Sec. 121 exclusion has to be applied to gain realized before applying the nonrecognition rule of Code Sec. 1031Illustration 1: A, an unmarried individual, buys a house for $210,000 that A uses as his principal residence from Year 1 to Year 5.
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4 November 2021 | 16 replies
So in this situation, if they had to foreclose, they may be picturing the long, expensive process of needed to evict a few "residents", and then the haul-away and disposal costs for a couple of large pieces of "debris", before they would have a marketable piece of land to liquidate.
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1 November 2021 | 3 replies
If the landlord is not able to contact the tenant, the landlord may proceed to sell or dispose of the personal property.According to Colorado law, the landlord must give the tenant at least 15 days’ written notice by registered or certified mail, before selling or disposing of the tenant’s personal property.
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10 November 2021 | 23 replies
Sometimes for major issues like replace dishwasher, garbage disposal, etc I meet them there with the replacement items.