When Applying for apartment, why do they requirement so much information?
Question:
They are asking my friend for social security number, sandbank account number and set off, Drive license number, date of birth, I mean beside this amount of detailed information he could get ripped rotten or they could steal his identity!, why so much information and is this standard for California? I seemed too much from my point of vista!.
Answer:
Social security number and date of birth is for a credit report. Drivers license number will give support to them locate you if you bail later. Bank side number and balance will prove that you stumble upon the financial requirements. Some apartment complexes might check that you have at smallest enough rent for 1 or 2 months on foot, and arent stretching your budget too thin.
While its possible your friend could be ripped sour, if it happened the police would know who to look for, so I wouldn't verbs about the apartment representative being dumb adequate to do it.
First they need to know you are who you right to be heard you are, and not someone else.
Then they may do a background mention check to see if you're dodgy.
I don't think you enjoy to disclose bank acct number or donate a copy of your licensedoesn't seem to be appropriate. Your social number and dob is so he can pull your credit.
You are going to be living surrounded by their building- LIVING in it. They enjoy enough trouble managing ancestors who follow the law, etc- but they don't obligation the headaches of someone near a warrant, someone with a discouraging credit record, etc.
the manager needs to know he will be rewarded and that you are you
and not really some scuzz-bucket masquerading as you.
others in the building call for to know you are not a danger
to them, their family, their homes, and their property.
Is your friend the one who's applying for the Apartment? Then all that info is basic to prove he can not only afford the apartment
but have not been sued by another proprietor and he is who he is saying he is.There is citizens who rent apartment who after a month or so decide they don't want to take-home pay rent any longer and it takes the tenant 6 to 7 months to get the tenant out
I BELIEVE THEY DO THIS TO SEE IF YOU WILL BE ABLE TO PAY YOUR RENT. TO MAKE SURE THAT YOU ARE NOT A SEX OFFENDER. A LOT OF THINGS, THAT THEY WOULDN'T WANT SOMEONE IN THE COMPLEX, WHICH IS CLOSE TO OTHER GROWN PEOPLE AND SMALL KIDS.
which LLC - Family LLC or not?
Question:
I attended a seminar a while back on Limited Liability corporations. It be explained that a Family LLC is much better than a regular LLC. The scenario discussed was owning indisputable estate and renting out homes. Because the Kennedy's have a Family LLC, frequent rules and laws enjoy been developed around that to protect the assets of a family connections. The LLC's that most people start up are so different that hardly any law and rules have be developed around it. Is this true? I want to find a way to protect me from personal liability suits if someone should ever sue me while renting out my property. Is in attendance any online information on this?
Answer:
Here is a great web site for youhttp://www.corporate.com/
You might also try reading "Rich Dad Poor Dad" Own your own corperationhttp://www.richdad.com/
Good Luck.
I own found that Nolopress.com is a great resource for landlords. I know of no state that has a seperate ethnic group LLC designation as opposed to simply an LLC. I do not know what state you are surrounded by or I would have checked. I come up with that they are just referring to who owns the shares within the LLC when they refer to a family LLC. A simple trust would protect you a moment ago as much as an LLC. There are advantages and disadvantages to both. You definitely do not want to lose the flow through import tax advantages.
Best of luck to you,
Ken
Another identify for "turnkey"? (re: rental properties)?
Question:
Starting a business in which I provide rental properties to citizens looking to invest in rental properties out-of-state, that are already equipped to go (hands free, hassle free, as they're professionally managed). The possession I'm familiar next to is "turnkey" (meaning ready to dance, as is, pretty much runs itself) but in my experience not too tons people are adapted with this possession. Has anyone heard of or know any other term(s) synonymous next to "turnkey" for such rentals??
Answer:
Any serious investor knows the possession "turnkey". It sounds like you may have need of a Real Estate license. Better check with the Real Estate Commission surrounded by your state bvefore you break any laws. Posing or acting as a Broker minus a license is a felony. Check it out.
"move-in ready"
Hi. I've heard the occupancy "move in ready". That channel in the material estate world. Move in a live and not necessitate to do anything else.
Turn-Key is used so frequently it has brought me great traffic on the Internet. Most investor types know the residence. I get asked by others adjectives the time if I am a locksmith...
I had to settle for www.turnkeyproperties.org because .com and adjectives the others were taken.
I guess it depends on what atmosphere you intend to use and what exactly you are doing with the first name.
It's all surrounded by the marketing. You could try rent-ready or cash-flowing.
Do you rent within Virginia?
Question:
I want to move out there. My brother lives contained by Virginia Beach and can help me find a clad apartment, but I have two cats I want to bring near me, and I understand that the taxes surrounded by general are vastly high and you are also tax on anything brought in from out of state.
Are taxes that doomed to failure?
Recommending a nice apartment building in VA Beach?
Answer:
Taxes can be Horrible. On a Apt. that you will rent .. you should be Ok. an i Do not believe that you are tax on stuff brought from out of state .. with the exception of Cars. Most Apt. Buildings are Ok next to Cats , an even if they dont allow 2 , just bring them anyways, in that cats ! Try forrent.com, an expect to pay out atleast 1000+ for a Small Apt + utility's.
I would approaching to invest within real-estate next to impossible credit?
Question:
I want to buy 3 properties but my credit is poor. Is ther a way for me to draw from financed regardless of this issue. And can I get the purchase and rehab financing adjectives in one loan. What benevolent of loan should I get. Where can I find such a loan. Is nearby anyone who has done this near bad credit who can hand over me some creative financing ideas?
Answer:
With the right amount of money down you can probably do roughly speaking anything!That said.IF you have poor credit and no money to put down.I would insist on you get your credit stern in charge over the next year or so and try again.Call a local lender (most of them will do a pre-qual for free!)You might try Countrywide or First Horizon...I would stay away from "on-line" lenders as they sometimes construct promises they can not full fill (just my experience)
Look into wholesaling. In this strategy you are looking for moral deals and after sell the contracts to qualified investors beside available funds. You never own the property and you collect the fee from the buyer. This could comfort you build up a war-chest for future investments.
With a bleak credit rating, you fall into the sub-prime credit open market. You are basically gonna achieve gouged on doesn`t matter what loan you are offered so you have to ask yourself if the potential return on your solid estate investment will offset the huge interest rate that you will be charged.
I concur beside the previous poster. Get your credit situation fixed up before going after the TRUE estate investment.
My concern would be with your unpromising credit rating. Should you actually find a lender liable to loan a substantial amount of money to a single person or entity, I'm afraid the interest rates would devour you alive. My suggestion is to work on improving your credit report and rating. Save up a roomy sum of money while you're working through the credit stuff and with a substantial amount of lolly to put down, you'd be more likely to catch the loan you seek lacking costing you an arm and a leg in interest and nouns.
Frankly, I think you involve your head examined. Have you be reading the news lately? Real estate is over! I read the other responses and own to agree: anyone with discouraging credit is going to get gouge, and with subprime lenders going the agency of the dodo you're going to have not as much of and fewer doors expand to you. Why not spend your hard-earned cash rebuilding your credit and your go?
Our deposit to purchase a home?
Question:
We signed documents on Sunday and left a deposit for the purchase on a home. Escrow open on Monday. On Tuesday we received a preliminary on what our payments would be. I sent an email to our realtor explaining that the payments were too giant and not what we were quoted. Our realtor told us if we back out we would loose our deposit. We were pre-qualified but my husbands work hours own decreased. Do we loose our deposit? Can we pay for out without losing our deposit? Does an email count as far as notify our realtor within 72 hours? Don't we enjoy 72 hours to back out minus losing our deposit?
Answer:
Around herePlease keep that contained by mindStates varyBut here if you can no longer qualify for you loan you can get your earnest money final.In your contract the terms of the loan you be hoping to get should enjoy been outlined..ie: interest rate, loan type, and lengthIf those items enjoy changed you should get your earnest money posterior...Keep in mind too when you do your home inspection you should be contained by total negotiation at that time tooSo maybe you can find a TON of stuff wrong beside the house and request seller repair them and if he doesn't you can get hold of out of the deal that passageway?...Hope this helps.I hope you enjoy a BUYER agent working for you...You may need to remind her/him that they are surrounded by fact working FOR youSometimes the contract is commission base for their interest instead of yours!!..Good Luck
Call a Real Estate Lawyer now.
Well, yeah...threaten them next to a lawsuit, they'll come around.
Sounds like, although you told your realtor you considered necessary out of the contract (you did do that, didn't you? Just saying the payment's too illustrious doesn't get you out of the contract) she dicked around, trying to maintain the sale, and didn't narrate the seller.
Next time, go and get a good idea estimate before you sign a contract--that method you'll know if the payment will work for you or not.
Now, if you did acquire a good principle estimate, signed the contract, and let the 72 hours expire, you're SOL.
it really depends on what state you live contained by, and in most, its pretty crappy. Yes an email should count as inwardly 72 hours.. you need to maintain proof of your email and if they quoted you as paying somthing lower.. but do remember escrow will bump it up a couple hundred a month... and the realtor would not have be able to establish your escrow payments for you, since he would really own no clue... but if the mortgage itself, not with the escrow is a great deal more than what he stated.. you need to only get a legal representative involved if your truly wanting to back out and near your money.. depending on how much your deposit is, a lawyer might be profusely cheaper.. yea, the house buying game SUCKS.. but biddable lucks guys. just beware of the permitted scandels they will want to put you through... always enjoy a good attorney.
As always different law may apply in different countries / states.
Who quoted you the lower rate? Was this lower rate a formal offering and if so did you formally adopt it?
Has an explanation of the reason for the increase be given?
Normally the whole point of a deposit I'm afriad is that it is a "trait of good-will / sign of comittment", if the deal falls through because YOU repeal, I am fairly sure you will losr your deposit.
As for 72 hours cooling bad, in the UK this can depend on where on earth things were signed - presently might be a good time to speak near a lawyer for a bit of speedy advice - fairly than relying on free advice from lay-people similar to myself and others. We mean all right but I doubt many professionally trained court fellows supply free advice on here.
You are surrounded by a sticky position - get some professional lend a hand.
Your contact should have ways out base on it failing inspection, or you not being competent to obtain the crucial financing. It sounds like the 2nd covering may be where you are at.
You should be capable of get your money hindmost I did don,t let her verbs that on you she wants the get rid of go though and get hold of payed good luck
Florida apartments reccommendations?
Question:
Anyone have any suggestions on Florida apartments that are more luxurious and target to the middle class, near low crime, not noisy, more of ethnic group oriented atmosphere as i am looking within Florida for an apt. and would be willing to retribution 1000/month. thankx
Answer:
Florida is a big state - any specific area?
In FL, Why are you going to wages the much for an apt.? When you can rent a nice house for the same price and even take-home pay that much for a house payment .
how do I find out if in attendance be a murder within the house I am trying to buy?
Question:
I was told that in that was a murder at the address that we are trying to purchase
Answer:
Ask your realtor. Ask the realtor representing the buyer and if you can, ask the owner themselves.
They are required to disclose any and adjectives information regarding the property. If they do not, they can be held liable.
ask the neighbors if they remember seeing any wan crime scene tape surrounding the house
Honestly, the extraordinarily best way for you to find out ANYTHING roughly speaking your house you area trying to buy is to have a word to the current neighbors...Neighbors will talk and communicate and talkThey will tell you things you did not even know you needed to know about that house!..Try driving by the nouns int he evenings or on the weekend to catch a neighbor outside and newly start up a conversation! I PROMISE you WILL get information!!
You could probably telephone call the local police department, have you buyer agent ask the hawker agent (they HAVE to tell you if they know!), or look up the address contained by the local newspaper files at the library (they can show you how)Good luckBuying a home is VERY exciting!
You could try asking at the local police station, or going to the local library and checking through their broadsheet files. You could try contacting the local newspaper and asking here.
The only point that I can think of is have a chat to the FBI they would no or go to police organization and ask them about it they should hold some records
ask the soul that is selling you the house also ask your Realtor. Under ruling they have to relate you the truth, and then to be on the risk-free side swing by the neighbor houses and see what they say. If they can afford you dates, you could move about look up the local news composition at the library and see if they have the article. hell you might be surprise your neighbor might hold it as well if they be friends with that being. The library usually carry every article you will ever call for! Good luck!
How can a builder stall construction and materials cost?
Question:
I would like to dither cement, steel and rebar prices for a large construction project (several hundred $M). How can I do this effectively?
Answer:
Do a G00GLE prod for steel futures and cement futures. There seems to be some information on both.
After how various days should my apartment complex distribute me my wellbeing deposit? I moved out on Aug 6..?
Question:
I live in FL if it make a different (I know some laws are different) and in that were no damages
Answer:
Your innkeeper must send you your guarantee deposit no later than 30 days after you move out. You must, as expected, give them your up to date address within 7-14 days, or they own the right to keep your deposit. Should in that be any damages that require a deduction of your wellbeing deposit, it must be in writing and must lead a check for the remaining balance of the financial guarantee deposit. If you disagree with their deduction, you must state so in writing inside 7 days of receipt of their message. They then enjoy 45 days to either repayment your money, or give you a better purpose as to why they are keeping it. If it goes previous 45 days, then the decree finds automatically in your favor and I believe you are entitled to one and a partially times the amount of your security deposit spinal column (up to $1750).
If you never received the deposit, or a letter after 30 days, contact the apartment complex (or rental company). If that doesn't work, contact the Fair Housing Agency within your area. They will know how to help you attain things going.
Hope this helps!
Stacey
Check the lease. most probable 30 days.
You can find all the info on the site timetabled below - also look at the sample message you can write with forwarding address at the "Letter to Landlord" page.
Depends on what your lease said. It is usually 30-90 days.
Check the hotelier law within your state. In this case FL. I will post a contact. The landlord is required to respond inwardly a time frame, usually 30 days.
You MUST send out to the tenant an accounting and any settlement WITHIN 14 days from the date of vacancy or termination of the rental agreement. It must be POSTMARKED inside the 14 days. If this does not happen and the courts be aware of that the owner/agent were arbitrary within the refund or accounting they can award the tenant up to double the untested deposit together with any fee's and cost incurred by the tenant within bringing the action. Hope This Helps! Good Luck
Is it the best time, to buy my first house? as the intrest rates might turn up contained by feb?
Question:
Answer:
this time of year is good, because house prices parallel that less relatives are prepared to buy near Xmas. Plus most divorces give somebody a lift place in January and that's when deeply more people own to start looking for a new house and the prices travel up due to demand.
This depends on where on earth you are located, and how long you plan to keep the home.
Here is some superfluous info. Hope this helps.
You should keep on. The best market for homes is within the late winter when the best test of homes is available. Rates will not be going up in February...here is no reason for an increase. Rates for mortgages are at fantastic level. When you negotiate for a mortgage, simply get them to lower posted rate by a minimum of 1%. You enjoy to ask: "do they want my business and the tens of thousands they stand to make?" If they don't, turn somewhere else or hire a mortgage broker. Now is not the best time...people don't want to be selling at Christmas, nor do relations buy at this time of year as they need the funds for Christmas.
If you can afford it do it. Roughly-speaking, on lb100k mortgage you are looking at lb15 increase per month for every 0.25%. Just brand name sure you don't mortgage yourself up to your limit.
I don`t know?
buy now!!
Interest rates hold just gone up for the second time since August. An its pretty absolute they will go up again. If you are on a set budget, after go for a fixed rate mortgage to take home sure you won't get caught out. You wage more for these, but at least you know for 1,2,3, 5 years, you dont enjoy to worry almost rate changes. The instrument things are going, there are going to be deeply of people have to sell because they cannot afford to wage the extra cash that the rate rises require. House prices should steady up as more properties come on the market/ in that are more repossesions. Rates will continue to rise until the flea market slows down. Whatever you do, make sure you can afford any a fixed rate or at least an extra couple of % on what the rate is in a minute. I still remember when mortgage rates were over 10%. If you step for fixed rate, only fix it for as long as you intend to stay within the house or make sure its any transferrable or no penalties for impulsive repayment.
Here is some good proposal. If you find a home today that you love and it is available at reasonable price...BUY IT!
Unlike buying stocks or commodities where on earth you are looking for an immediate return on your investment, a home is for your ethnic group to enjoy. Don't lose sleep over how much it will appreciate. Purchasing a home is other a smart decision.
I used to work for a firm of property consultants, so I know somewhat bit about this subject.
Ask yourself this. If property prices are rising faster than ever, and you expect a rise within interest rates in Feb', when is the best time to buy?
A / When the price is lower and gain from a lower overall mortgage during your entire occupancy!
OR
B / When the price is higher and the interest rates hold risen, leading to sophisticated overall payments, during your entire term!
Do the math. Pay a lower amount at afternoon one and gain for the entire term or salary a Larger amount at a higher rate and settle more for the entire term!
Hello,
Anytime is a obedient time to buy a home. Over the long term, empire who own homes build much greater wealth than someone that rents. But very soon is a very virtuous time to buy, as interest rates are still low, and sellers are lowering their prices and offering incentives.
I am a realtor within New Jersey. If you have any more question, e-mail me at pkchugh9@gmail.com
I was reading today that house prices are still going up and at the fastest rate since 2001 - http://www.propertyinvestor-news.co.uk/l... Apparently inflation is immediately under control so their might not be an interest rate rise within February and the latest interest rate rises aren't affecting house prices. It's a tough one because you could lurk and it'll cost you even more to get on the stepladder. I think if you've the money get in but pick an nouns that will show growth.
It depends on how long you're intending to keep the home. If you're intending to move/emigrate contained by the short term, consequently you might want to consider renting to reduce the risk of person in glum equity at the time you want to move on/emigrate. If you're planning to stay long term, later the negative equity threat is much smaller amount - as you wouldn't be affected.
The biggest issue within terms of interest rates is whether you can afford increased repayments. If not, afterwards you need to look for a fixed rate mortgage.
yes why not, but you must hold it into consideration that rates might go up, if you wait until they came down, you still never know when they would budge up again after you bought.
best time to buy is now...
What does show "no-show fee" ?
Question:
Answer:
It is as if you had a reservation and former to keep the reservation. There would be a allowance for failure to show. They be holding your whatever unlived in for you instead of being competent to sell or rent it to another. They aspiration to be paid for time when product be not in use due to human being promised to you for x time.
It means if the person(s) who requested some type of reservation but later does not show up for said reservation is liable for a special fee to cover the cost of the reservation and restore your health lost monies that could have be made if the reservation had be given to a person(s) who did arrive and conclude the reservation transaction. It's a cost fee, contained by other words.
It's a fancy legal course of a business saying "I'm going to charge you for me not providing services to you, despite the reality you didn't show up."
Can someone take a home loan in need providing w-2s?
Question:
Answer:
If you have a good/excellent credit gain you can get a stated income loan. You enjoy to have solid, verifiable employment history as resourcefully. And at some lenders, you will get impossible to tell apart great rate and closing costs as regular loans. Try US Bank Home Mortgage for their "Quick and Simple" loan. If you qualify, it's a great no doc - stated income loan.
What are w-2s?
There are loans out there that don't require financial endorsement to qualify for, however, your loan amount may be significantly less.
There is such a place on the pattern where you can procure money from Private lenders
http://prosper.com/
Who knows, you might bring lucky!
Sometimes / If you have another course of showing income / You must be able to prove sufficient income to acquire the loan. / If you have income from a trust sketch there is a form for that, if you hold income from stocks there is a form for that.
Absolutely. It is call a Stated Income loan. You need to hold a strong credit score. You will also pinch a penalty contained by the interest rate compared to those that can fully document their income, but that is why we telephone call it the "Liars Loan." There is usually a reason you don't want to prove your income to a lender. The most valid aim that I run across is from investors who genuinely enjoy a difficult time proving their income.
Best of luck.
Yes, it is called "no-doc" as within no documentation or else you could step with a hardmoney lender or investor. Check out the free situation evaluation form at
www.totaldebtsolutionsllc.com
simple answer- yes
the better credit you own, the less documentation you hold to provide to a lender. there are a cavernous variety of programs and process types that will work for you, but i.e. your mortgae broker's job to find the right one for you. some require singular a verbal substantiation of employmentsome want to see EVERYTHING.
Will I know how to nouns a house beside a credt mark of 551 ?
Question:
Answer:
Yea, but you will be lucky if you get rate below 10%... Apart from this, you will enjoy to put down more than 20% to get this home nouns done. I would suggest you to wait and promote your credit until you get to 600 but if you own located the property and don't want to miss it out, you can get it by putting 20% and can refinance latter after 2 years to get lower rate!
I am a loan officer, you can contact me if further interested
Mohit Madaan
Loan officer
Mohit@ImpressiveLeads.com
7187753226
Try 666, somewhere surrounded by hell they have a house for you. Moneys discussions, Bullshits walks, not 551 Levi jean.
yeah you can. But the interest would be out rageous. Best to try to promote your credit score to at least possible the 600's then try to nouns a house.
.
Yep with 20% down and a elevated interest rate.
If you are in the sub prime category online lenders can free you a lot of time. Even beside the recent "scandal" of sub prime lenders, there will other be a sub prime market. Here are some steps you can whip to become a homeowner with fruitless credit.
oKNOW WHERE YOU STAND. It is this simple: the higher your FICO evaluation the better the deals will be. Get a copy of your report, fix any errors and run steps to improve your chalk up. If you are below 500 you are going to have a not easy time getting a loan. If you are in the 550-650 selection you should be able to receive a loan with a down gift. If you are in the 650 array you should be able to attain 100% financing. Just bear surrounded by mind that things have severely changed surrounded by the last 6 months.
oSTART SHOPPING. Online lenders can let go you lots of time and frustration. Look for sub prime lenders-lenders that specialize in loans for borrowers near bad credit. Apply next to several of them, but thru a service like "Guide to Lenders" that mode your credit report will only be pulled once.
oSAVE FOR A DOWN PAYMENT. As we own shown if you don't have a great credit rating bread will help you big time. The more your financial commitment to the do business the better your chances of getting favorable rates and language.
oDON'T GIVE UP. Someone out there have a loan with your identify on it-you just hold to find it. Don't take no for an answer.
oNOTHING LASTS FOREVER. If you find a loan beside rates and terms not to your soft spot you may want to take it and refinance surrounded by a few years when your score have improved.
Use the experience to grow and boost your score and you will be the conqueror. A bad credit rating should singular slow you down not stop you from getting a mortgage. On line lenders will recover you time and frustration and help you get done your goal of home ownership.
Having said adjectives that perhaps the best point for you to do would be to work on getting your score up to 600 or more-it may be easier than you regard.
Here are some resources that might help and receive you some free quotes.
http://www.m-o-r-t-g-a-g-e-r-a-t-e.com... and
http://www.h-o-m-e-e-q-u-i-t-y-l-o-a-n.c...
My son purchased a home. go through the closing process received push button moved within and in a minute here are problems .?
Question:
purchased home moved in in a minute they say that here be a outstanding bill and the bank will not buy the loan from them until bill is payed, they are wise saying that they will put home in forcloser if bill not payed I own sent in my first house clearance, I do not understand what is going on everything be alright at closing this is coming up a month later when they are tring to deal in loan to another bank. HelpI do not enjoy the money that they are asking for can I lose everything?
Answer:
Almost every set of loan documents I've seen contains a document wherein you promise to provide them near further documentation if required in directive for the lender named within the loan documents to sell the loan to a third gala. Drag out your copies of the loan documents and read them carefully. You can read your own loan documents even if you didn't jump to law conservatory. See if there's anything allowing the demand for more reward. Call your real estate agent surrounded by and if he/she/they can't help you call for the real estate agent's broker/boss and the loan broker who help you obtain the loan. Get everyone's evaluation, including a real estate attorney, which may cost you a hundred dollars, or two. www.findlaw.com is a great site to find an attorney contained by your area. I used it once and found an amazing attorney, beside integrity. Check his references at the site. Don't purely let this appear to you.
Contact the title company IMMEDIATELY. This is why you have title insurance. Someone screwed up royally. Then see a attorney if that doesn't work
Don't know enough information to answer your examine. I'm sure the lender required certain warranty to make the untested loan. You need to contact two sources:
1.) The title insurance that issued the title policy covering against such events
2.) The actual estate licensee that handle the closing.
Careful it could be a scam
Buena Suerte
Hi: contact your title company and see if the title insurance will cover it. Your Realtor should be of assistance in this event.
I work for a mortgage banker. Ultimately, if we missed something resembling this, we'd be stuck with the loan, incompetent to sell it.
Certainly, we'd try to procure the borrower to pay it, but within the end, if they don't, and we didn't do our career right at closing by requiring it, not much we can do.
They do NOT have the right to foreclose, contained by fact it's probably undemocratic to threaten legal dealing of this kind, since they can't enforce it.
Put a hail as to your state real estate or commerce department, whichever regulates mortgage companies within your state. File a complaint with them. Be sure to document every single communication, who what where on earth when why etc...
And if the payoff of that debt was scheduled on the closing instructions, but the title company missed it, the title company has to take-home pay it.
These guys are just trying to protect their commission. It's really not your problem to fix. Don't consent to them push you around.
Contact the attorney general of the state you live surrounded by to find out what can be done.