Renting Real Estate Questions and Answers

Real estate interrogate roughly speaking property merit?

what does this mean this property is worth according to Dataquick as of today?
Assessed Total: $355,000
Land Total:$45,014
Improvement:$309,986.


Answers: The park has be given a value of $45,014.
Improvements which may include dwelling $309,986.
Add these two above up and guess what?

You own a total valuation of $355,000.
It is in their estimation the property is worth $355,000.
Jeff
You cannot report by that little of information.far more is needed and you also have to know how to see the property which is why ALL appraisals have photos.

Dataquick is not a reliable appraisal source.
When I lived surrounded by CA that is how the would show the pro of the home and property for taxing purposes.

Land is land and improvements be anything done to the land, house or other buildings.

If my 1st home doesn't sell and goes into foreclosure can they put a lien on my 2nd home which is my resident




Answers: Yes, if they get a judgment.
Yes, they will...regardless of what anyone tells you...but ONLY if the sale of the foreclosed home doesn't cover the loan payoff.

A bank is not going to let you sit on assets and take a loss.

They will attach a deficiency judgement, if any, to your primary residence, and this is usually done very quickly after the foreclosure.
Most of the time you will just lose the home. Go file a homestead act on the main house you live in to protect it from being taken by creditors. It will only cost you about $75 or so. To avoid losing your current foreclosure, maybe you need to rent it out ASAP to get some cash to avoid losing it. You can do a month to month rental or longer lease. But get first months rent and a security deposit at a minmum and get a credit check done by the prospective tenents to get a good renter.

When we sell or buy any share how much brokerage or commsion has to be paid for each sell or buy.?




Answers: in india it doesnot depend on the broker, the tax on dmat account is fixed at less than 2.5% of your profit.
It depends on the broker.

A typical online broker would charge $5-15 per trade of almost any size, unless it was something unusual like a penny stock.

A full service broker would charge more, maybe even commission based on the number of shares.
It depends on the value of the property... generally about 1% of value...

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