Searching for a bank that will give a loan to purchase a commercial building. Will use the income from building for mortgage

Searching for a bank that will give a loan to purchase a commercial building. Will use the income from building for mortgage

What are the basic functions of commercial banks ?? i have written some: 1.acceptance of deposits by customers 2.advancing of loans (providing loans to people) 3.they provide a convenient privilegeeage of cheque system 4.credit creation 5.financing internal and external trade 6.purchase and sale of foreign currency 7.providing the facility of internet banking plz tell some more..

What are the basic functions of commercial banks ?? i have written some: 1.acceptance of deposits by customers 2.advancing of loans (providing loans to people) 3.they provide a convenient privilegeeage of cheque system 4.credit creation 5.financing internal and external trade 6.purchase and sale of foreign currency 7.providing the facility of internet banking plz tell some more..

Lets assume I want to get into the business of buying and leasing commercial real estate. Can I just start an LLC or Incorporation, identify a property (ie: Office Complex for $500,000), then go to the Bank and say, My XYZ Corporation needs a loan to purchase a $500,000 complex that will be leased out for $50,000/yr. Would the Bank Grant the Loan, knowing the property secures the loan? Or will the bank demand that my XYZ Company have $500,000 in assets that will secure the loan outside of the property being purchased?

Lets assume I want to get into the business of buying and leasing commercial real estate. Can I just start an LLC or Incorporation, identify a property (ie: Office Complex for $500,000), then go to the Bank and say, My XYZ Corporation needs a loan to purchase a $500,000 complex that will be leased out for $50,000/yr. Would the Bank Grant the Loan, knowing the property secures the loan? Or will the bank demand that my XYZ Company have $500,000 in assets that will secure the loan outside of the property being purchased?

In his upcoming € 3mill court battle with the Bank of Iraland BANK OF Ireland is seeking summary judgment for €3 million against the acting manager of Glasgow Celtic Football Club, Neil Lennon, under a guarantee allegedly provided by him for a loan to a building company of which he was a director. BoI has admitted it has lost the guarantee itself but claims it can produce evidence Mr Lennon signed it at Dublin airport in February 2006. The bank claims Mr Lennon was in Ireland on the weekend beginning February 24th, 2006 because he had a free weekend, due to Celtic having been knocked out of the Scottish Cup. Colm McHugh, a senior business manager at Bank of Ireland’s Dundalk branch, said Mr Lennon had arrived at the airport carrying golf clubs and had signed the guarantee form at the bank’s airport branch. Mr McHugh claims he had advised Mr Lennon the guarantee meant the bank was entitled to call on him personally to repay the loan if the company, Rocket Developments Ltd, did not clear the debt. Mr McHugh also claims Mr Lennon told him he anticipated planning permission would be obtained by Rocket for about 60 houses on a site Rocket intended to develop in Co Louth, that 50 per cent of the sites would be sold to clear the debt to the bank, and that the rest of the site would either be developed or sold at an expected profit of €3 million. The proceedings against Mr Lennon, with an address at Queen’s Gardens, Glasgow, were admitted to the Commercial Court yesterday by Mr Justice Peter Kelly on the application of Aidan Redmond for the bank and on consent of counsel for Mr Lennon. Mr Redmond said it was being contended that Mr Lennon has a credible defence to the claim and had not executed the guarantee. Mr Justice Kelly said it was clear the guarantee allegedly executed by Mr Lennon had been lost and the bank could not find it. The bank was contending it could produce evidence as to the execution of the guarantee, he noted. The judge fixed the summary judgment application for hearing on May 12th. Bank of Ireland claims Mr Lennon was a director of Rocket Developments Ltd, with registered offices at the Crescent, Dundalk, Co Louth. It claims it loaned that company €3 million in early 2006 to part-fund the proposed purchase of seven acres of zoned residential land at Knockbridge, Dundalk. The bank claims Rocket defaulted on its loan obligations and owes some €3.7 million, inclusive of principal and interest. Mr Lennon is liable for €3.07 million of that sum under his alleged guarantee, it is claimed. it`s the turth flux...the unwashed will not be able to read the truth , dew to the brainwashing since birth !

In his upcoming € 3mill court battle with the Bank of Iraland BANK OF Ireland is seeking summary judgment for €3 million against the acting manager of Glasgow Celtic Football Club, Neil Lennon, under a guarantee allegedly provided by him for a loan to a building company of which he was a director. BoI has admitted it has lost the guarantee itself but claims it can produce evidence Mr Lennon signed it at Dublin airport in February 2006. The bank claims Mr Lennon was in Ireland on the weekend beginning February 24th, 2006 because he had a free weekend, due to Celtic having been knocked out of the Scottish Cup. Colm McHugh, a senior business manager at Bank of Ireland’s Dundalk branch, said Mr Lennon had arrived at the airport carrying golf clubs and had signed the guarantee form at the bank’s airport branch. Mr McHugh claims he had advised Mr Lennon the guarantee meant the bank was entitled to call on him personally to repay the loan if the company, Rocket Developments Ltd, did not clear the debt. Mr McHugh also claims Mr Lennon told him he anticipated planning permission would be obtained by Rocket for about 60 houses on a site Rocket intended to develop in Co Louth, that 50 per cent of the sites would be sold to clear the debt to the bank, and that the rest of the site would either be developed or sold at an expected profit of €3 million. The proceedings against Mr Lennon, with an address at Queen’s Gardens, Glasgow, were admitted to the Commercial Court yesterday by Mr Justice Peter Kelly on the application of Aidan Redmond for the bank and on consent of counsel for Mr Lennon. Mr Redmond said it was being contended that Mr Lennon has a credible defence to the claim and had not executed the guarantee. Mr Justice Kelly said it was clear the guarantee allegedly executed by Mr Lennon had been lost and the bank could not find it. The bank was contending it could produce evidence as to the execution of the guarantee, he noted. The judge fixed the summary judgment application for hearing on May 12th. Bank of Ireland claims Mr Lennon was a director of Rocket Developments Ltd, with registered offices at the Crescent, Dundalk, Co Louth. It claims it loaned that company €3 million in early 2006 to part-fund the proposed purchase of seven acres of zoned residential land at Knockbridge, Dundalk. The bank claims Rocket defaulted on its loan obligations and owes some €3.7 million, inclusive of principal and interest. Mr Lennon is liable for €3.07 million of that sum under his alleged guarantee, it is claimed. it`s the turth flux...the unwashed will not be able to read the truth , dew to the brainwashing since birth !

terms desired are non recourse

terms desired are non recourse

1 bank overdraft 2 venture capital 3 term loans 4 commercial hire purchase

1 bank overdraft 2 venture capital 3 term loans 4 commercial hire purchase

I'm looking to purchase a 13 unit investment property. This will be my first property. A friend suggested getting a HUD commercial loan since I don't own any real estate. What do you guys think about that? What would be the best way to go for a loan? Thanks.

I'm looking to purchase a 13 unit investment property. This will be my first property. A friend suggested getting a HUD commercial loan since I don't own any real estate. What do you guys think about that? What would be the best way to go for a loan? Thanks.

I am Mr. Lomax Milton a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment,Home Purchase Loans,Refinance Loans,Fixed Rates,Adjustable Rates,Land Development Loans,Residential Investment Loans,Multi-unit Loans,Personal loans, Business loans,Auto loans. Contact: lomaxmilton_loan_investment@yahoo.com website: www.lomaxloans.cz.cc

I am Mr. Lomax Milton a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment,Home Purchase Loans,Refinance Loans,Fixed Rates,Adjustable Rates,Land Development Loans,Residential Investment Loans,Multi-unit Loans,Personal loans, Business loans,Auto loans. Contact: lomaxmilton_loan_investment@yahoo.com website: www.lomaxloans.cz.cc

I am Mr. Lomax Milton a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment,Home Purchase Loans,Refinance Loans,Fixed Rates,Adjustable Rates,Land Development Loans,Residential Investment Loans,Multi-unit Loans,Personal loans, Business loans,Auto loans. Contact: lomaxmilton_loan_investment@yahoo.com website: www.lomaxloans.cz.cc

I am Mr. Lomax Milton a private lender. I give out both private and commercial loans to both individuals and corporate business organisations at a low interest rate.Under my loan process, repayment can be made either monthly or yearly. I give out loan for: Free mortgage/loan assessment,Home Purchase Loans,Refinance Loans,Fixed Rates,Adjustable Rates,Land Development Loans,Residential Investment Loans,Multi-unit Loans,Personal loans, Business loans,Auto loans. Contact: lomaxmilton_loan_investment@yahoo.com website: www.lomaxloans.cz.cc

1) When commercial banks use excess reserves to buy government securities from the public: a) new money is created. b) commercial bank reserves increase. c) the money supply falls. d) checkable deposits decline. 2)The legal reserve ratio applies to checkable deposits at: a) national banks. b) credit unions. c) savings and loans. d) institutions of all of these types. 3)Individual commercial banks are limited in their ability to create money by lending because: a) lending is likely to result in the loss of reserves to other banks. b) only the Treasury and the Federal Reserve Banks are authorized to create new money. c) the Board of Governors prohibits bank lending when the result is an expansion of the money supply. d) banking is a highly competitive industry. 4) If the reserve requirement is 10 percent, how much excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank? a) $450 b) $400 c) $5000 d) $550 5)When the receipts given by goldsmiths to depositors were used to make purchases: a) the gold standard was created. b) existing banking laws were violated. c) the receipts became in effect paper money. d) a fractional reserve banking system was created. 6)Other things equal, if the required reserve ratio was lowered: a) banks would have to reduce their lending. b) the size of the monetary multiplier would increase. c) the actual reserves of banks would increase. d) the Federal funds interest rate would rise.

1) When commercial banks use excess reserves to buy government securities from the public: a) new money is created. b) commercial bank reserves increase. c) the money supply falls. d) checkable deposits decline. 2)The legal reserve ratio applies to checkable deposits at: a) national banks. b) credit unions. c) savings and loans. d) institutions of all of these types. 3)Individual commercial banks are limited in their ability to create money by lending because: a) lending is likely to result in the loss of reserves to other banks. b) only the Treasury and the Federal Reserve Banks are authorized to create new money. c) the Board of Governors prohibits bank lending when the result is an expansion of the money supply. d) banking is a highly competitive industry. 4) If the reserve requirement is 10 percent, how much excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank? a) $450 b) $400 c) $5000 d) $550 5)When the receipts given by goldsmiths to depositors were used to make purchases: a) the gold standard was created. b) existing banking laws were violated. c) the receipts became in effect paper money. d) a fractional reserve banking system was created. 6)Other things equal, if the required reserve ratio was lowered: a) banks would have to reduce their lending. b) the size of the monetary multiplier would increase. c) the actual reserves of banks would increase. d) the Federal funds interest rate would rise.

1. (TCO 5) Rising business investment and consumption will (Points: 5) increase aggregate demand increase aggregate supply not change aggregate demand None of the above 2. (TCO 6, 10) A major advantage of 'automatic stabilizers' is that (Points: 5) they automatically produce surpluses during recessions and deficits during inflation. they help stabilize the economy without having any effect on the personal income. they simultaneously stabilize the inflation and reduce the absolute size of the public debt. they require no legislative action by Congress to be made effective. 3. (TCO 6, 10) An increase in government spending and tax cuts would call for a: (Points: 5) deficit during a period of demand-pull inflation surplus during a period of demand-pull inflation deficit during a recession surplus during a recession 4. (TCO 6, 10) The 'crowding-out effect' from government borrowing is "reduced" when: (Points: 5) interest rates are rising. the economy is operating at full employment. government spending improves human capital in the economy. private spending is falling. 5. (TCO 6, 10) An increase in taxes and cut in government spending would be appropriate to curb (Points: 5) demand-pull inflation recession rising interest rates fiscal deficits 6. (TCO 6, 10) Each of the following is an example of discretionary fiscal policy except (Points: 5) public works spending making the automatic stabilizers more effective changes in tax rates changes in interest rates 7. (TCO 5, 6) Most economists would agree that public debt should be reduced (Points: 5) during both periods of recession and prosperity just during periods of recession just during periods of prosperity never 8. (TCO 6, 10) Two ways to lower the budget deficit are to (Points: 5) raise taxes and raise government spending lower taxes and lower government spending raise taxes and lower government spending lower taxes and raise government spending 9. (TCO 7, 10) Which is most likely to be affected by changes in the rate of interest? (Points: 5) tax multiplier investment spending government spending the imports of the economy 10. (TCO 7, 10) Other things equal, the purchase of government bonds by the Federal Reserve will cause (Points: 5) an increase in the money supply an increase in interest rates a decrease in the money supply a decrease in commercial bank loans a reduction in nominal GDP 11. (TCO 5, 6, 10) If automatic stabilizers kick in automatically, when real GDP falls, (Points: 5) tax revenues and transfer payments both should fall tax revenues and transfer payments both should rise tax revenues should fall and transfer payments should rise tax revenues should rise and transfer payments should fall 12. (TCO 5, 6, 10) During time of inflation, we want to (Points: 5) raise taxes and run budget deficits raise taxes and run budget surpluses lower taxes and run budget surpluses lower taxes and run budget deficits 13. (TCO 5, 6, 10) The effect of big tax cuts on the real GDP of a weak economy is (Points: 5) strengthened by the crowding-out effect weakened by the crowding-out effect reinforced by reducing MPC (Marginal Propensity to Consume) none of the above 14. (TCO 5, 6, 10) Government spending can be financed by all of the following "except" (Points: 5) personal income taxes investment spending government borrowing money creation excise taxes 15. (TCO 8) A tariff on a product (Points: 5) makes domestic sellers better off and domestic buyers worse off. makes domestic sellers worse off and domestic buyers worse off. makes domestic sellers better off and domestic buyers better off. makes domestic sellers worse off and domestic buyers better off. 16. (TCO 8) Each of the following would reduce our trade deficit except (Points: 5) increasing saving decreasing oil imports increasing investment raising interest rates 17. (TCO 9) If the dollar price gets "weaker," (Points: 5) the U.S. trade deficit will rise. the U.S. trade deficit will fall. the U.S. trade deficit will be unchanged. None of the above necessarily happens. 18. (TCO 9) If the supply and demand for currency deter

1. (TCO 5) Rising business investment and consumption will (Points: 5) increase aggregate demand increase aggregate supply not change aggregate demand None of the above 2. (TCO 6, 10) A major advantage of 'automatic stabilizers' is that (Points: 5) they automatically produce surpluses during recessions and deficits during inflation. they help stabilize the economy without having any effect on the personal income. they simultaneously stabilize the inflation and reduce the absolute size of the public debt. they require no legislative action by Congress to be made effective. 3. (TCO 6, 10) An increase in government spending and tax cuts would call for a: (Points: 5) deficit during a period of demand-pull inflation surplus during a period of demand-pull inflation deficit during a recession surplus during a recession 4. (TCO 6, 10) The 'crowding-out effect' from government borrowing is "reduced" when: (Points: 5) interest rates are rising. the economy is operating at full employment. government spending improves human capital in the economy. private spending is falling. 5. (TCO 6, 10) An increase in taxes and cut in government spending would be appropriate to curb (Points: 5) demand-pull inflation recession rising interest rates fiscal deficits 6. (TCO 6, 10) Each of the following is an example of discretionary fiscal policy except (Points: 5) public works spending making the automatic stabilizers more effective changes in tax rates changes in interest rates 7. (TCO 5, 6) Most economists would agree that public debt should be reduced (Points: 5) during both periods of recession and prosperity just during periods of recession just during periods of prosperity never 8. (TCO 6, 10) Two ways to lower the budget deficit are to (Points: 5) raise taxes and raise government spending lower taxes and lower government spending raise taxes and lower government spending lower taxes and raise government spending 9. (TCO 7, 10) Which is most likely to be affected by changes in the rate of interest? (Points: 5) tax multiplier investment spending government spending the imports of the economy 10. (TCO 7, 10) Other things equal, the purchase of government bonds by the Federal Reserve will cause (Points: 5) an increase in the money supply an increase in interest rates a decrease in the money supply a decrease in commercial bank loans a reduction in nominal GDP 11. (TCO 5, 6, 10) If automatic stabilizers kick in automatically, when real GDP falls, (Points: 5) tax revenues and transfer payments both should fall tax revenues and transfer payments both should rise tax revenues should fall and transfer payments should rise tax revenues should rise and transfer payments should fall 12. (TCO 5, 6, 10) During time of inflation, we want to (Points: 5) raise taxes and run budget deficits raise taxes and run budget surpluses lower taxes and run budget surpluses lower taxes and run budget deficits 13. (TCO 5, 6, 10) The effect of big tax cuts on the real GDP of a weak economy is (Points: 5) strengthened by the crowding-out effect weakened by the crowding-out effect reinforced by reducing MPC (Marginal Propensity to Consume) none of the above 14. (TCO 5, 6, 10) Government spending can be financed by all of the following "except" (Points: 5) personal income taxes investment spending government borrowing money creation excise taxes 15. (TCO 8) A tariff on a product (Points: 5) makes domestic sellers better off and domestic buyers worse off. makes domestic sellers worse off and domestic buyers worse off. makes domestic sellers better off and domestic buyers better off. makes domestic sellers worse off and domestic buyers better off. 16. (TCO 8) Each of the following would reduce our trade deficit except (Points: 5) increasing saving decreasing oil imports increasing investment raising interest rates 17. (TCO 9) If the dollar price gets "weaker," (Points: 5) the U.S. trade deficit will rise. the U.S. trade deficit will fall. the U.S. trade deficit will be unchanged. None of the above necessarily happens. 18. (TCO 9) If the supply and demand for currency deter

I'm looking to buy a home that is subdivided into renting sections such as a duplex or more..then live in part of the duplex and rent the other part to help pay for the loan on the house? If it can be done with the first home buyer loan then my second question is that I'm considering working overseas but still keep my residence as the united states as all my stuff will be in Nebraska and I'll only be over there for 6 to 8 months at a time so...would it still work considering I still plan on having it as my home? Would the duplex count as a commercial property or residential? Thanks

I'm looking to buy a home that is subdivided into renting sections such as a duplex or more..then live in part of the duplex and rent the other part to help pay for the loan on the house? If it can be done with the first home buyer loan then my second question is that I'm considering working overseas but still keep my residence as the united states as all my stuff will be in Nebraska and I'll only be over there for 6 to 8 months at a time so...would it still work considering I still plan on having it as my home? Would the duplex count as a commercial property or residential? Thanks

Refinance commercial property Jim and Suzanne had purchased a property in their old neighborhood because they knew of the need for low income housing for the area. They purchased the property for $500,000, and spent $ 300,000 and two years of their lives renovating the property. They are renting it at capacity now. The property has gross rents of $300,000 per year, and net operating income of $180,000 per year. Jim is a very experienced real estate investor, and he knew that his best chance for him to recoup his capital investment was to approach the banks after the property was "proving" itself. He approached the banks with the following scenario: Loan Request $ 800,000 Net Operating Income $ 180,000 Estimated Value (based on what Jim considered very conservative 9% CAP rate) $ 2,000,000 Projected Rate 7.5% Projected Term 240 months Estimated Payment $ 6,404.71 or $ 76,856.60 per year Debt Service Coverage 2.34 In normal lending environments this is a very conservative and safe loan of 40% loan to value. However, right from the start, he ran into obstacles. The lenders were not happy that the property was a former hotel, converted into an apartment building with only studio units. The loan was also small, which cut down the number of potential lenders to the local lenders. However, the local lenders do not like to lend to clients who are out of state, and therefore unlikely to have much of a banking relationship. Basically, their choice was narrowed down to a private money lender at a rate of 11.5% and 5 points, and at least 30 to 60 days to close. Their loan was also decreased to $500,000. After closing costs their net cash would have been $ 465,000, and their payment would have been $ 5,785.50 per month and the loan would be due in 5 years, at which time they would have to refinance the remaining balance of $ 415,443. Loan Solution Jim and Suzanne opened an account with Goldman Sachs under the Kinetic JBO agreement. They had approximately $ 1,200,000 in securities. Kinetic then placed their insurance instruments on the account and were able to provide a credit facility of $800,000 at 2.5%. The loan has no cost, and was closed within a week. Jim and Suzanne plan to pay this account down at the same pace the real estate loan required through the cash flow of the property. At that pace the loan will be paid off in 12 years. Meanwhile, the assets they pledged will stay on track for their investment strategy. In the meantime, if commercial real estate lending does improve, they can pay the line down at anytime with no prepayment penalties, and still have the amount available if they wish. Over the next 60 months not only will they save over $250,000 in interest, they will also have the additional $300,000 cash with which to invest in other projects.

Refinance commercial property Jim and Suzanne had purchased a property in their old neighborhood because they knew of the need for low income housing for the area. They purchased the property for $500,000, and spent $ 300,000 and two years of their lives renovating the property. They are renting it at capacity now. The property has gross rents of $300,000 per year, and net operating income of $180,000 per year. Jim is a very experienced real estate investor, and he knew that his best chance for him to recoup his capital investment was to approach the banks after the property was "proving" itself. He approached the banks with the following scenario: Loan Request $ 800,000 Net Operating Income $ 180,000 Estimated Value (based on what Jim considered very conservative 9% CAP rate) $ 2,000,000 Projected Rate 7.5% Projected Term 240 months Estimated Payment $ 6,404.71 or $ 76,856.60 per year Debt Service Coverage 2.34 In normal lending environments this is a very conservative and safe loan of 40% loan to value. However, right from the start, he ran into obstacles. The lenders were not happy that the property was a former hotel, converted into an apartment building with only studio units. The loan was also small, which cut down the number of potential lenders to the local lenders. However, the local lenders do not like to lend to clients who are out of state, and therefore unlikely to have much of a banking relationship. Basically, their choice was narrowed down to a private money lender at a rate of 11.5% and 5 points, and at least 30 to 60 days to close. Their loan was also decreased to $500,000. After closing costs their net cash would have been $ 465,000, and their payment would have been $ 5,785.50 per month and the loan would be due in 5 years, at which time they would have to refinance the remaining balance of $ 415,443. Loan Solution Jim and Suzanne opened an account with Goldman Sachs under the Kinetic JBO agreement. They had approximately $ 1,200,000 in securities. Kinetic then placed their insurance instruments on the account and were able to provide a credit facility of $800,000 at 2.5%. The loan has no cost, and was closed within a week. Jim and Suzanne plan to pay this account down at the same pace the real estate loan required through the cash flow of the property. At that pace the loan will be paid off in 12 years. Meanwhile, the assets they pledged will stay on track for their investment strategy. In the meantime, if commercial real estate lending does improve, they can pay the line down at anytime with no prepayment penalties, and still have the amount available if they wish. Over the next 60 months not only will they save over $250,000 in interest, they will also have the additional $300,000 cash with which to invest in other projects.

1)Suppose the Fed purchases $100 million of U.S. securities from the public. If the reserve requirement is 20 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be a $100 million decrease in the money supply. $100 million increase in the money supply. $200 million increase in the money supply. $500 million increase in the money supply. 2) When the actual reserves held by a bank exceed the legal requirement, the bank will have to borrow from the Fed. has excess reserves, which can be used to extend additional loans. cannot extend additional loans. will have to reduce its outstanding loans. 3) When the Federal Reserve sells government securities, the revenues from these sales are turned over to the federal government. used to expand the reserves of commercial banks. removed from circulation and are no longer part of the money supply. used to reduce the discount rate. 4) Which of the following will cause the U.S. money supply to expand? a commercial bank uses excess reserves to extend a loan to a customer a commercial bank purchases U.S. securities from the Fed as an investment an increase in reserve requirements an increase in the discount rate 5) When the monetary authorities expand the supply of money rapidly, its purchasing power tends to increase. holding money is a poor method of storing value. the long-run sustainable real growth rate of the economy will tend to increase. the prices of goods and services will generally decline. 6) When the Federal Reserve System wants to increase the money supply, what does it typically do? It purchases U.S. government securities. It increases the discount rate. It increases the required reserve ratio. It sells bonds on the open market. 7)Open market operations is the tool most often used by the Fed to alter the money supply. least effective tool the Fed has to alter the money supply. tool used by the Treasury to raise tax revenues. tool used by the Fed to regulate stock market activities.

1)Suppose the Fed purchases $100 million of U.S. securities from the public. If the reserve requirement is 20 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be a $100 million decrease in the money supply. $100 million increase in the money supply. $200 million increase in the money supply. $500 million increase in the money supply. 2) When the actual reserves held by a bank exceed the legal requirement, the bank will have to borrow from the Fed. has excess reserves, which can be used to extend additional loans. cannot extend additional loans. will have to reduce its outstanding loans. 3) When the Federal Reserve sells government securities, the revenues from these sales are turned over to the federal government. used to expand the reserves of commercial banks. removed from circulation and are no longer part of the money supply. used to reduce the discount rate. 4) Which of the following will cause the U.S. money supply to expand? a commercial bank uses excess reserves to extend a loan to a customer a commercial bank purchases U.S. securities from the Fed as an investment an increase in reserve requirements an increase in the discount rate 5) When the monetary authorities expand the supply of money rapidly, its purchasing power tends to increase. holding money is a poor method of storing value. the long-run sustainable real growth rate of the economy will tend to increase. the prices of goods and services will generally decline. 6) When the Federal Reserve System wants to increase the money supply, what does it typically do? It purchases U.S. government securities. It increases the discount rate. It increases the required reserve ratio. It sells bonds on the open market. 7)Open market operations is the tool most often used by the Fed to alter the money supply. least effective tool the Fed has to alter the money supply. tool used by the Treasury to raise tax revenues. tool used by the Fed to regulate stock market activities.

I'm looking to buy this 12 unit multifamily complex as an investment. Only 8 are occupide and each one rents for 525/month. The asking price is 199k. Feel free to give me your input.

I'm looking to buy this 12 unit multifamily complex as an investment. Only 8 are occupide and each one rents for 525/month. The asking price is 199k. Feel free to give me your input.

I'm a route driver, and I'm interested in purchasing a route ($70,000). I want to get a loan (personal or business whatever is easier) to take out $80,000 (the extra $10,000 would be for maintenance expenses for the route truck). I can start a good business if I start with a route, and buy a few more once I make more money. I don't know how to do this as I've been told $80,000 is a lot of money to take out, what would be the approach to have a bank give me a loan for this much? Is it possible? I really want to start my business, professional banking advice would be a big plus... I appreciate your answers. P.S. PLEASE DO NOT PUT WEB LINKS REGARDING CREDIT,LOANS,OR BANK. I'M NOT INTERESTED IN ANY WEBSITES, I JUST WANT ADVICE ON 'HOW TO'. I DO NOT WANT ANSWERS WITH WEB LINKS SELLING ME YOUR WEBSITES AND BAD CREDIT TYPE (JUNK MAIL TYPE) COMMERCIAL LINKS. IF YOUR GOING TO POST A LINK ON YOUR ANSWER PLEASE DO NOT BOTHER ANSWERING MY QUESTION OR HELPING ME OUT....THANK YOU. ONCE AGAIN, please do not post web links on this page, I'm not interested in your advertisements. I just want personal/professional help and answers. DO NOT give me links to webpages.

I'm a route driver, and I'm interested in purchasing a route ($70,000). I want to get a loan (personal or business whatever is easier) to take out $80,000 (the extra $10,000 would be for maintenance expenses for the route truck). I can start a good business if I start with a route, and buy a few more once I make more money. I don't know how to do this as I've been told $80,000 is a lot of money to take out, what would be the approach to have a bank give me a loan for this much? Is it possible? I really want to start my business, professional banking advice would be a big plus... I appreciate your answers. P.S. PLEASE DO NOT PUT WEB LINKS REGARDING CREDIT,LOANS,OR BANK. I'M NOT INTERESTED IN ANY WEBSITES, I JUST WANT ADVICE ON 'HOW TO'. I DO NOT WANT ANSWERS WITH WEB LINKS SELLING ME YOUR WEBSITES AND BAD CREDIT TYPE (JUNK MAIL TYPE) COMMERCIAL LINKS. IF YOUR GOING TO POST A LINK ON YOUR ANSWER PLEASE DO NOT BOTHER ANSWERING MY QUESTION OR HELPING ME OUT....THANK YOU. ONCE AGAIN, please do not post web links on this page, I'm not interested in your advertisements. I just want personal/professional help and answers. DO NOT give me links to webpages.

Let us visit the Island of Yap on which our friend Pacificus has set up the very first commercial bank on the island. Pacificus fears bank runs, and so he wishes to keep at least 10% of all deposits in his safe, just in case somebody wants his/her deposits returned to him/her. Suppose that the original total value of stone wheels (used as money) on the island is 500 fei. The line for loans is endless. Once people have gotten their loan, they spend it immediately. The do not hold on to the stone wheel (their currency). Whomever they purchase goods and services from then shows up at the bank to deposit the money into their account. From the information above, we know that i. the money supply of the Island of Yap is fei. ii. the total amount of loans on this island is fei. iii. the total amount of money in the bank reserves is

Let us visit the Island of Yap on which our friend Pacificus has set up the very first commercial bank on the island. Pacificus fears bank runs, and so he wishes to keep at least 10% of all deposits in his safe, just in case somebody wants his/her deposits returned to him/her. Suppose that the original total value of stone wheels (used as money) on the island is 500 fei. The line for loans is endless. Once people have gotten their loan, they spend it immediately. The do not hold on to the stone wheel (their currency). Whomever they purchase goods and services from then shows up at the bank to deposit the money into their account. From the information above, we know that i. the money supply of the Island of Yap is fei. ii. the total amount of loans on this island is fei. iii. the total amount of money in the bank reserves is

I have a commercial pocket listing. I told a mortgage lender I know that deal in commercial loans and told him if he had someone interested let me know. He calls me the other day and says he has an interested buyer BUT, there's always a BUT. But, it's not his buyer, he has another friend that is a commercial lender and it's his buyer. The buyer does not have an agent so I will be facilitating the deal. The mortgage lender wants a 3% "finder's fee" and my friend the lender wants 1% of the total purchase price from me (out of my commission, which is 2.5%), or they won't bring the buyer to the table. Can the buyer's lender get a 3% commission, my head and R.E. laws tell me NO, I already know I can't pay my "friend" the lender 1% since he isn't licensed? I am extremely perplexed by this, he tells me "it's done all the time" I had never heard of it. Can the buyer pay them a finder's fee? My seller thinks they're nuts, I am inclined to agree Thanks for the help!

I have a commercial pocket listing. I told a mortgage lender I know that deal in commercial loans and told him if he had someone interested let me know. He calls me the other day and says he has an interested buyer BUT, there's always a BUT. But, it's not his buyer, he has another friend that is a commercial lender and it's his buyer. The buyer does not have an agent so I will be facilitating the deal. The mortgage lender wants a 3% "finder's fee" and my friend the lender wants 1% of the total purchase price from me (out of my commission, which is 2.5%), or they won't bring the buyer to the table. Can the buyer's lender get a 3% commission, my head and R.E. laws tell me NO, I already know I can't pay my "friend" the lender 1% since he isn't licensed? I am extremely perplexed by this, he tells me "it's done all the time" I had never heard of it. Can the buyer pay them a finder's fee? My seller thinks they're nuts, I am inclined to agree Thanks for the help!

I currently own a business (dance studio) in a space that I rent. I've just found out that my building is being sold to be torn down for a Walgreen's to be built. I'm also currently looking for a home to purchase. I found a property that would meet both needs. It currently has a large yoga studio and a second building with living space. The property is out of my personal price range for a home, but if I consider what I currently pay for monthly rent for the studio, I could easily cover the monthly payments. Is there any type of loan that could be used for both? Should I try to get a small business loan and rent from my own business? I'm fairly sure I can't qualify for a personal loan for the price. If you have any ideas about how I could possibly make this work, please let me know.

I currently own a business (dance studio) in a space that I rent. I've just found out that my building is being sold to be torn down for a Walgreen's to be built. I'm also currently looking for a home to purchase. I found a property that would meet both needs. It currently has a large yoga studio and a second building with living space. The property is out of my personal price range for a home, but if I consider what I currently pay for monthly rent for the studio, I could easily cover the monthly payments. Is there any type of loan that could be used for both? Should I try to get a small business loan and rent from my own business? I'm fairly sure I can't qualify for a personal loan for the price. If you have any ideas about how I could possibly make this work, please let me know.

Suppose the following is the consolidated balance sheet for all the commercial banks in the United States. In addition to the transactions deposits of $100,000, citizens hold $20,000 in currency. Assume that transactions deposits and currency are the only forms of money. Citizens also hold $40,000 worth of government bonds. Bonds are not considered to be part of the money supply. The required reserve ratio is 0.10. The Federal Reserve announces an open-market purchase of $20,000 worth of government bonds. Use this information to answer the following questions. Assets Reserves $10,000 Loans $90,000 Liabilities Transactions Deposits $100,000 1) What is the change in the money supply after the money multiplier process is complete? Assume that all the funds generated from the open-market purchase are deposited into banks and all additional loans are redeposited into banks. A. The money supply decreases by $20,000. B. The money supply increases by $20,000. C. The money supply decreases by $200,000. D. The money supply increases by $200,000. 2) The Fed's open-market purchase causes the money supply to _____. A. Increase B. Decrease C. Remain the same

Suppose the following is the consolidated balance sheet for all the commercial banks in the United States. In addition to the transactions deposits of $100,000, citizens hold $20,000 in currency. Assume that transactions deposits and currency are the only forms of money. Citizens also hold $40,000 worth of government bonds. Bonds are not considered to be part of the money supply. The required reserve ratio is 0.10. The Federal Reserve announces an open-market purchase of $20,000 worth of government bonds. Use this information to answer the following questions. Assets Reserves $10,000 Loans $90,000 Liabilities Transactions Deposits $100,000 1) What is the change in the money supply after the money multiplier process is complete? Assume that all the funds generated from the open-market purchase are deposited into banks and all additional loans are redeposited into banks. A. The money supply decreases by $20,000. B. The money supply increases by $20,000. C. The money supply decreases by $200,000. D. The money supply increases by $200,000. 2) The Fed's open-market purchase causes the money supply to _____. A. Increase B. Decrease C. Remain the same

I am a female with excellent credit and I currently do not have my name on the deed of any other property in the US or elsewhere. I am very interested in purchasing a Surf/Yoga Guest House in Costa Rica on the beach. How do I go about financing it? Are there special loans for female business owners buying commercial property abroad?

I am a female with excellent credit and I currently do not have my name on the deed of any other property in the US or elsewhere. I am very interested in purchasing a Surf/Yoga Guest House in Costa Rica on the beach. How do I go about financing it? Are there special loans for female business owners buying commercial property abroad?

You are analyzing a commercial real estate investment that generates a net operating income of $5,000,000 which increases by 3.5 percent per year. The purchase price is $58 million, the land value is 20 percent of the total property value, the holding period is 10 years, the nominal income tax rate is 28 percent, the recapture tax rate is 25 percent and the long-term capital gain tax rate is 15 percent. A lender is willing to provide financing for the 10 year holding period with a 25 year amortization period for a fixed rate of 7 percent based on a loan to value ratio of 75 percent (25 percent equity). Calculate the before and after tax IRR and NPV based on a discount rate of 400 basis points above the going in cap rate and a terminal cap rate of 100 basis points over the going in cap rate. The cost of sale is three percent. What is the debt coverage ratio in year five? I don't expect anyone to do the math and answer this for me, but steps to solving it would be beneficial. I do not want the answer and I don't want anyone to "do my homework" for me. It's not homework either. I am just having a hard time figuring it out, especially the NPV and IRR. Any steps or comments would be much appreciated. Thanks :)

You are analyzing a commercial real estate investment that generates a net operating income of $5,000,000 which increases by 3.5 percent per year. The purchase price is $58 million, the land value is 20 percent of the total property value, the holding period is 10 years, the nominal income tax rate is 28 percent, the recapture tax rate is 25 percent and the long-term capital gain tax rate is 15 percent. A lender is willing to provide financing for the 10 year holding period with a 25 year amortization period for a fixed rate of 7 percent based on a loan to value ratio of 75 percent (25 percent equity). Calculate the before and after tax IRR and NPV based on a discount rate of 400 basis points above the going in cap rate and a terminal cap rate of 100 basis points over the going in cap rate. The cost of sale is three percent. What is the debt coverage ratio in year five? I don't expect anyone to do the math and answer this for me, but steps to solving it would be beneficial. I do not want the answer and I don't want anyone to "do my homework" for me. It's not homework either. I am just having a hard time figuring it out, especially the NPV and IRR. Any steps or comments would be much appreciated. Thanks :)

I read the following article published in the malaysian Star paper:- Is this what the Africans and Nigerians doing now in Malaysia? KUALA LUMPUR: The Black Money scam, also known as the Nigerian 419 scam, was reported by Interpol to have surfaced in Malaysia in 1998. (419 refers to a section of a Nigerian law that deals with fraud.) Most of these con artists enter the country on a social visit pass which allows them to stay up to 30 days. They tend to enrol in local colleges, some even reputable ones, just to obtain student visas so that they could extend their stay here. These so-called students are believed to pay off college staff to mark their attendance. They would then send out random emails and SMS, promising huge piles of money. Usually a “processing fee” is required in advance from their targets. In some of the cases, the victim lost big amounts of money without realising it until the fraudster goes missing. They are such smooth operators that a number of victims took loans from Ah Longs to pay them. In the Black Money scam, victims are told about a stash of bank notes which had been dyed black to avoid Customs detection. The money was supposedly kept in a safe somewhere and the victim should purchase a type of chemical to wash off the dye which would then unveil “genuine” US dollars. The victim would be promised a share of the money. The supposed origin of the riches varied with each new victim. The most popular version is that the money is the lost fortunes of former Nigerian dictator General Abacha which need to be transported out of Nigeria without the Customs knowing it. Commercial Crime Investigation Department director Comm Datuk Koh Hong Sun said the con men, upon meeting their target, would produce a small vial of washing liquid called “Universal Automatic Washer” and ask the victim to select any black bank note at random. The black banknote would be washed but with a sleight of hand,the con man would substitute it with a real note. Victims are given the “washed” bank notes and are encouraged to verify their authenticity at a money changer. “They would ask the victim to buy the chemical in order to process more money and that the costs of the chemicals are very high,” he said. These con artists modus operandi of “layering,” where a different person is sent to each meeting with the victim. According to sources, places like Puchong Prima, a hotel in Ampang and several areas in Kepong are regular meeting spots for such transactions. Using laptops along with a special software, the con men are also able to forge government documents. Comm Koh, who confirmed this, said that raids on the “students’ residence” found no textbooks but merely computers and laptops. In a raid conducted by the police recently, police arrested 29 Nigerians at their office at Metro Prima in Kepong. All those arrested claimed that they were undergraduates in the Klang Valley, showing their student cards instead of passports. A check by The Star showed that some colleges here had about 70% African students. These places provide hassle-free enrolment for foreign students who pay application fees ranging from US$170 to US$330. Investigations also revealed that these so- called students did not have a clear financial source, yet they had no problems paying tuition fees and sending money home to their countries. In fact, some of them live in posh condominiums and drive luxury cars like the BMW X5. They are also known to use local women to carry out their deception, targeting single mothers or college students and using their bank accounts to conduct their shady business. Some of them, when caught by police, would falsely claim to be Muslims and recite verses from the Quran to gain sympathy, said sources. Most of these con artists are deported to their home countries as authorities usually lack evidence to charge them. However, a number of them would return to Malaysia under different passports. Comm Koh said the authorities were using biometric systems as a measure against such the conmen to prevent them from returning. “But as long as there are Malaysians who are fuelled by greed, there will be someone to take advantage of them,” he said.

I read the following article published in the malaysian Star paper:- Is this what the Africans and Nigerians doing now in Malaysia? KUALA LUMPUR: The Black Money scam, also known as the Nigerian 419 scam, was reported by Interpol to have surfaced in Malaysia in 1998. (419 refers to a section of a Nigerian law that deals with fraud.) Most of these con artists enter the country on a social visit pass which allows them to stay up to 30 days. They tend to enrol in local colleges, some even reputable ones, just to obtain student visas so that they could extend their stay here. These so-called students are believed to pay off college staff to mark their attendance. They would then send out random emails and SMS, promising huge piles of money. Usually a “processing fee” is required in advance from their targets. In some of the cases, the victim lost big amounts of money without realising it until the fraudster goes missing. They are such smooth operators that a number of victims took loans from Ah Longs to pay them. In the Black Money scam, victims are told about a stash of bank notes which had been dyed black to avoid Customs detection. The money was supposedly kept in a safe somewhere and the victim should purchase a type of chemical to wash off the dye which would then unveil “genuine” US dollars. The victim would be promised a share of the money. The supposed origin of the riches varied with each new victim. The most popular version is that the money is the lost fortunes of former Nigerian dictator General Abacha which need to be transported out of Nigeria without the Customs knowing it. Commercial Crime Investigation Department director Comm Datuk Koh Hong Sun said the con men, upon meeting their target, would produce a small vial of washing liquid called “Universal Automatic Washer” and ask the victim to select any black bank note at random. The black banknote would be washed but with a sleight of hand,the con man would substitute it with a real note. Victims are given the “washed” bank notes and are encouraged to verify their authenticity at a money changer. “They would ask the victim to buy the chemical in order to process more money and that the costs of the chemicals are very high,” he said. These con artists modus operandi of “layering,” where a different person is sent to each meeting with the victim. According to sources, places like Puchong Prima, a hotel in Ampang and several areas in Kepong are regular meeting spots for such transactions. Using laptops along with a special software, the con men are also able to forge government documents. Comm Koh, who confirmed this, said that raids on the “students’ residence” found no textbooks but merely computers and laptops. In a raid conducted by the police recently, police arrested 29 Nigerians at their office at Metro Prima in Kepong. All those arrested claimed that they were undergraduates in the Klang Valley, showing their student cards instead of passports. A check by The Star showed that some colleges here had about 70% African students. These places provide hassle-free enrolment for foreign students who pay application fees ranging from US$170 to US$330. Investigations also revealed that these so- called students did not have a clear financial source, yet they had no problems paying tuition fees and sending money home to their countries. In fact, some of them live in posh condominiums and drive luxury cars like the BMW X5. They are also known to use local women to carry out their deception, targeting single mothers or college students and using their bank accounts to conduct their shady business. Some of them, when caught by police, would falsely claim to be Muslims and recite verses from the Quran to gain sympathy, said sources. Most of these con artists are deported to their home countries as authorities usually lack evidence to charge them. However, a number of them would return to Malaysia under different passports. Comm Koh said the authorities were using biometric systems as a measure against such the conmen to prevent them from returning. “But as long as there are Malaysians who are fuelled by greed, there will be someone to take advantage of them,” he said.

I have been divorced three years. During the divorce, my ex ended up with the home that we purchased together. According to the agreement drawn up by our lawyers, he would keep the home and make the payments or sell the home. I am in the market to purchase a commercial property for my own business and I found out that my ex has defaulted on the loan. The house had been on the market, but my ex lost his job and the home is now in foreclosure. My credit score has bottomed out because I'm still (somehow) still responsible for this, even though I have the legal documentation from our divorce proceedings releasing me from ownership. What can I do? Is there anything that can be done or am I still going to be bothered by this? I'm not responsible for this mess -- if I had been, then I would have paid it! I did talk to my loan officer for the business I am purchasing and her suggestion is to just buy the home from my ex! Please tell me that there is a better option than that! Thank you for the suggested websites, but I'm not so interested in finding a job or how to refianance my business -- I'm interested in the responsibility of the foreclosed home and it's affect on my credit rating. The two suggested sites do not answer this.

I have been divorced three years. During the divorce, my ex ended up with the home that we purchased together. According to the agreement drawn up by our lawyers, he would keep the home and make the payments or sell the home. I am in the market to purchase a commercial property for my own business and I found out that my ex has defaulted on the loan. The house had been on the market, but my ex lost his job and the home is now in foreclosure. My credit score has bottomed out because I'm still (somehow) still responsible for this, even though I have the legal documentation from our divorce proceedings releasing me from ownership. What can I do? Is there anything that can be done or am I still going to be bothered by this? I'm not responsible for this mess -- if I had been, then I would have paid it! I did talk to my loan officer for the business I am purchasing and her suggestion is to just buy the home from my ex! Please tell me that there is a better option than that! Thank you for the suggested websites, but I'm not so interested in finding a job or how to refianance my business -- I'm interested in the responsibility of the foreclosed home and it's affect on my credit rating. The two suggested sites do not answer this.

I need some help with some review questions on my study guide for economics. Any help would be great. Here are some of the questions I'm having trouble with.. 1. A reduction of required reserves has the same effect as an increase in free reserves. 2. In a multiple banking system, each bank can make loans equal to a multiple of its excess reserves. 3. When the Federal Reserve System buys U.S. Securities, the money supply falls below what it otherwise would have been. 4. Monetary Policy can prevent major business swings, reduce the uncertainty in long-term contracts, and eliminate monetary instability as a source of economic instability. 5. As a lender of last resort, the Federal Reserve System avoids most financial crisis by providing liquidity to the financial system. 6. If the Treasury finances a $5 billion deficit by simultaneously issuing secrurities which are purchased by commercial banks out of excess reserves, the money supply, as a direct result will: A. Increase by at least $5 billion B. Increase by exactly $5 billion C. Increase by less than $5 billion D. Not change E. Decline by $5 billion 7. In a monopoly banking system, with a 10 percent reserve ratio, an initial increase by one dollar in both reserves and deposits of the bank permits an ultimate increase in deposits of: A. $0.10 B. $0.90 C. $1.00 D. $5.00 E. $10.00 8.Assume that total deposits in the banking system are $200 million. The required reserve ratio is increased. The money supply will: A.Decrease B. Increase C. Not change because there was no change in deposits D. Not change because the required reserve ratio has no impact on money supply 9.Which choice is true? A. a higher interest rate causes lower investment, higher demand, and higher real GDP. B. a lower interest rate causes lower investment, higher demand, and higher real GDP. C. a higher interest rate causes higher investment, lower demand, and lower real GDP. D. a higher interest rate causes lower investment, lower demand, and lower real GDP. 10. Suppose the Fed sells $5 million of U.S. securities to the public. Assume a reserve ratio of 10% and that all banks initially have zero excess reserves. The total impact of this action on the money supply, assuming no leakages in the system and no excess reserves a few weeks later is: A. An increase of $50 million B. Decrease of $50 million C. An increase of $405 million D. An increase of $5 million

I need some help with some review questions on my study guide for economics. Any help would be great. Here are some of the questions I'm having trouble with.. 1. A reduction of required reserves has the same effect as an increase in free reserves. 2. In a multiple banking system, each bank can make loans equal to a multiple of its excess reserves. 3. When the Federal Reserve System buys U.S. Securities, the money supply falls below what it otherwise would have been. 4. Monetary Policy can prevent major business swings, reduce the uncertainty in long-term contracts, and eliminate monetary instability as a source of economic instability. 5. As a lender of last resort, the Federal Reserve System avoids most financial crisis by providing liquidity to the financial system. 6. If the Treasury finances a $5 billion deficit by simultaneously issuing secrurities which are purchased by commercial banks out of excess reserves, the money supply, as a direct result will: A. Increase by at least $5 billion B. Increase by exactly $5 billion C. Increase by less than $5 billion D. Not change E. Decline by $5 billion 7. In a monopoly banking system, with a 10 percent reserve ratio, an initial increase by one dollar in both reserves and deposits of the bank permits an ultimate increase in deposits of: A. $0.10 B. $0.90 C. $1.00 D. $5.00 E. $10.00 8.Assume that total deposits in the banking system are $200 million. The required reserve ratio is increased. The money supply will: A.Decrease B. Increase C. Not change because there was no change in deposits D. Not change because the required reserve ratio has no impact on money supply 9.Which choice is true? A. a higher interest rate causes lower investment, higher demand, and higher real GDP. B. a lower interest rate causes lower investment, higher demand, and higher real GDP. C. a higher interest rate causes higher investment, lower demand, and lower real GDP. D. a higher interest rate causes lower investment, lower demand, and lower real GDP. 10. Suppose the Fed sells $5 million of U.S. securities to the public. Assume a reserve ratio of 10% and that all banks initially have zero excess reserves. The total impact of this action on the money supply, assuming no leakages in the system and no excess reserves a few weeks later is: A. An increase of $50 million B. Decrease of $50 million C. An increase of $405 million D. An increase of $5 million

This is an existing Bed & Breakfast home stay (NOT an inn). It is NOT zoned commercial. The previous owners used it as their primary residence and we would too. There are a total of 5extra bedrooms that we would provide transient lodging from. I've gotten differing answers from various lenders. We have been approved for an FHA loan. Since this IS our primary residence, can we Proceed?

This is an existing Bed & Breakfast home stay (NOT an inn). It is NOT zoned commercial. The previous owners used it as their primary residence and we would too. There are a total of 5extra bedrooms that we would provide transient lodging from. I've gotten differing answers from various lenders. We have been approved for an FHA loan. Since this IS our primary residence, can we Proceed?

I have been advised to look into an sba504 loan to finance my commercial property purchase, can anyone tell me what it's all about?

I have been advised to look into an sba504 loan to finance my commercial property purchase, can anyone tell me what it's all about?

regarding the end of the recession that the government says is happening: 'Be Prepared for the Worst' Ron Paul, 10.29.09, The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession. A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers. This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve's balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over? What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending. Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury's program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person's pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar's purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

regarding the end of the recession that the government says is happening: 'Be Prepared for the Worst' Ron Paul, 10.29.09, The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession. A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars. Those banks and financial institutions that took on the largest risks and performed worst were rewarded with billions in taxpayer dollars, allowing them to survive and compete with their better-managed peers. This is nothing less than the creation of another bubble. By attempting to cushion the economy from the worst shocks of the housing bubble's collapse, the Federal Reserve has ensured that the ultimate correction of its flawed economic policies will be more severe than it otherwise would have been. Even with the massive interventions, unemployment is near 10% and likely to increase, foreigners are cutting back on purchases of Treasury debt and the Federal Reserve's balance sheet remains bloated at an unprecedented $2 trillion. Can anyone realistically argue that a few small upticks in a handful of economic indicators are a sign that the recession is over? What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of normalcy, commercial real estate begins to collapse and manufacturers produce goods that cannot be purchased by debt-strapped consumers, the economy will falter. That will go on until we come to our senses and end this wasteful government spending. Government intervention cannot lead to economic growth. Where does the money come from for Tarp (Treasury's program to buy bad bank paper), the stimulus handouts and the cash for clunkers? It can come only from taxpayers, from sales of Treasury debt or through the printing of new money. Paying for these programs out of tax revenues is pure redistribution; it takes money out of one person's pocket and gives it to someone else without creating any new wealth. Besides, tax revenues have fallen drastically as unemployment has risen, yet government spending continues to increase. As for Treasury debt, the Chinese and other foreign investors are more and more reluctant to buy it, denominated as it is in depreciating dollars The only remaining option is to have the Fed create new money out of thin air. This is inflation. Higher prices lead to a devalued dollar and a lower standard of living for Americans. The Fed has already overseen a 95% loss in the dollar's purchasing power since 1913. If we do not stop this profligate spending soon, we risk hyperinflation and seeing a 95% devaluation every year.

I purchased the property at a 13.5% cap rate, 63% LTV with an investor loan last week. It's non owner occupied, I'm self employed my fiance has a regular job. The property will cash flow $600 with a 30 year loan at 7%, $400 for a 20 year loan. I'd like to finance it without having to use any of our incomes from our jobs to pay back the loan, just the income from the property. Any suggestions on who to start talking to, and what action to take. Should I get a commercial loan? Or a residential loan with a commercial appraisal? I'm looking for 75% LTV after the refi.

I purchased the property at a 13.5% cap rate, 63% LTV with an investor loan last week. It's non owner occupied, I'm self employed my fiance has a regular job. The property will cash flow $600 with a 30 year loan at 7%, $400 for a 20 year loan. I'd like to finance it without having to use any of our incomes from our jobs to pay back the loan, just the income from the property. Any suggestions on who to start talking to, and what action to take. Should I get a commercial loan? Or a residential loan with a commercial appraisal? I'm looking for 75% LTV after the refi.

We (thought) purchased a home in 2007. Our credit was a not bad but not enough to qualify for a home loan. The realtor agent offered to take the $21,000.00 down payment, apply it to the purchase and keep the mortgage papers in her name until we qualified and could put the mortgage in our names. Until then she we were to have, papers signed and notarized giving us legal rights. There was always an excuse to not to sign and notarize any paperwork showing us having any legal right. She never authorized us at the bank to have any contact with them for any reason allowing us access or communication with the lender. Even if we wanted to make a payment online or by phone, we could not due to not being authorized. Now two years later after paying the mortgage she told us she gave the house back to the bank and bank will no longer accept a check from us to pay the mortgage. Tomorrow it goes up for a trustee sale the only proof we have is the $ 21,000.00 payment made to the mortgage co. in the form of a money order. And cancelled checks and debits out of the bank account for the monthly mtg. There was no rental contract or lease agreement because of course we thought it was our home. What if anything can, we do and what happens to us after the auction sale tomorrow? How long do we have to vacate? She also has all our escrow paperwork from the sale of a piece of commercial property we sold in October of 2007, which gave her a very large commission, and will not give it to us. This keeps us from filing our 2007 tax return because we do not have the information of the sale. In correspondence the IRS sent us, it shows that for the sale of our commercial property, the escrow company listed her home address with our name as our mailing address to send correspondences and/or paperwork . When we call her, she just hangs up on us. Please advice.

We (thought) purchased a home in 2007. Our credit was a not bad but not enough to qualify for a home loan. The realtor agent offered to take the $21,000.00 down payment, apply it to the purchase and keep the mortgage papers in her name until we qualified and could put the mortgage in our names. Until then she we were to have, papers signed and notarized giving us legal rights. There was always an excuse to not to sign and notarize any paperwork showing us having any legal right. She never authorized us at the bank to have any contact with them for any reason allowing us access or communication with the lender. Even if we wanted to make a payment online or by phone, we could not due to not being authorized. Now two years later after paying the mortgage she told us she gave the house back to the bank and bank will no longer accept a check from us to pay the mortgage. Tomorrow it goes up for a trustee sale the only proof we have is the $ 21,000.00 payment made to the mortgage co. in the form of a money order. And cancelled checks and debits out of the bank account for the monthly mtg. There was no rental contract or lease agreement because of course we thought it was our home. What if anything can, we do and what happens to us after the auction sale tomorrow? How long do we have to vacate? She also has all our escrow paperwork from the sale of a piece of commercial property we sold in October of 2007, which gave her a very large commission, and will not give it to us. This keeps us from filing our 2007 tax return because we do not have the information of the sale. In correspondence the IRS sent us, it shows that for the sale of our commercial property, the escrow company listed her home address with our name as our mailing address to send correspondences and/or paperwork . When we call her, she just hangs up on us. Please advice.

What's the best way to purchase paper loans? Is there financial institutions that are willing to lend based on a strong note owner position?

What's the best way to purchase paper loans? Is there financial institutions that are willing to lend based on a strong note owner position?

The Washington Post carried an article last week outlining the immense consolidation that has taken place in the US banking system as a result of the policies of the Bush and Obama administrations in response to the financial crisis. The article, entitled “Banks ‘Too Big to Fail’ Have Grown Even Bigger,” reports how the largest banks have consolidated control over a greater share of financial markets and are using their monopolistic position to increase their profits by raising fees and interest on consumers and small businesses. “The oligopoly has tightened,” said Mark Zandi of Moody’s Economy.com, who is quoted in the Post article. “There’s been a significant consolidation among the big banks, and it’s kind of hollowing out the banking system,” he added. The newspaper reports that JPMorgan Chase, Wells Fargo and Bank of America now each hold more than 10 percent of all deposits in the country. These banks, plus Citigroup, issue half of all mortgages and two-thirds of all credit card loans. In the past year alone, the ten largest banks have increased their share of bank deposits from 40.6 percent in 2007 to 48.2 percent today. The large banks are taking advantage of their increased control over the market to drive up fees. The Post noted that in the last quarter these banks raised their deposit fees by an average of 8 percent, while the smaller banks lowered their fees by 12 percent. In promoting and subsidizing the takeover of failing banks by the biggest banks and investment houses, the Post notes, the government violated federal antitrust regulations, which prohibit any single bank from controlling more than 10 percent of deposits nationwide. They also violate Justice Department antitrust advisories on the degree of control over regional financial markets by individual banks. In addition to these major acquisitions, more than 80 smaller banks have been seized by the FDIC this year and many have been incorporated into larger banks, with the aid of government subsidies. As a result of this process, three major competitors of the largest Wall Street firms—Bear Stearns, Lehman Brothers and Merrill Lynch—have disappeared, and major commercial banks such as Wachovia and Washington Mutual have vanished, leaving such giants as JPMorgan Chase and Goldman Sachs in a position to dictate market conditions. The growth of the remaining big banks has been staggering. Bank of America grew by more than 138 percent after acquiring Merrill Lynch and Countrywide Financial, according to the Washington Post report. JPMorgan Chase grew by 50 percent after appropriating Bear Stearns and Washington Mutual, and Wells Fargo expanded by 43 percent after snapping up Wachovia. Prior to the crisis, Wells Fargo, JPMorgan Chase and Bank of America controlled 4.4, 7.0 and 9.6 percent of bank deposits, respectively. Now, they control 11 percent, 10 percent, and 12.9 percent. This consolidation, together with the Obama administration’s pledge to spend whatever public funds are required to prevent the failure of the remaining mega-banks, has enabled these banks to borrow funds at significantly lower rates than their smaller rivals, creating the conditions for a further concentration of financial power in the hands of a few super-banks. Banks with $100 billion or more in assets are borrowing money at interest rates on average 0.34 percentage points lower than their smaller rivals, according to the Washington Post. That advantage was only 0.08 percent in 2007. The process of government-mediated consolidation continues. The Wall Street Journal reported Monday that the FDIC has been subsidizing the purchase of distressed banks by larger institutions by guaranteeing virtually all of the potential losses of the bigger banks. The article reports that the FDIC has assumed up to 95 percent of the risk on $80 billion in assets of failed banks bought by other banks. The FDIC’s total potential losses are close to $80 billion, compared to the $10.4 billion it currently holds to guarantee the deposits of millions of consumers. The FDIC’s deposit insurance fund has fallen from more than $50 billion a year ago and is being further depleted by new bank failures. Officials say they expect over 300 more bank failures in the coming months. The agency expects to cover $14 billion in losses on the takeover subsidies it has already extended. It is widely expected that the FDIC will tap billions of dollars in public Treasury funds to shore up its deposit insurance system. As the Wall Street Journal notes, the FDIC’s policy of engineering bank takeovers at public expense “amounts to a subsidy for dozens of hand-picked banks.” The vast concentration of financial power is the result of a deliberate policy of both the Bush and Obama administrations. It is one component of a program to utilize the financial crisis precipitated by the speculation and profiteering of the major banks to carry out a massive restructuring of the I am not "you guys." He is absolutely a waterboy for the corporate oligarchy. He's no socialist. He's emptying the federal treasury into the coffers of private corporations, by the trillions! Follow the money, not the rhetoric.

The Washington Post carried an article last week outlining the immense consolidation that has taken place in the US banking system as a result of the policies of the Bush and Obama administrations in response to the financial crisis. The article, entitled “Banks ‘Too Big to Fail’ Have Grown Even Bigger,” reports how the largest banks have consolidated control over a greater share of financial markets and are using their monopolistic position to increase their profits by raising fees and interest on consumers and small businesses. “The oligopoly has tightened,” said Mark Zandi of Moody’s Economy.com, who is quoted in the Post article. “There’s been a significant consolidation among the big banks, and it’s kind of hollowing out the banking system,” he added. The newspaper reports that JPMorgan Chase, Wells Fargo and Bank of America now each hold more than 10 percent of all deposits in the country. These banks, plus Citigroup, issue half of all mortgages and two-thirds of all credit card loans. In the past year alone, the ten largest banks have increased their share of bank deposits from 40.6 percent in 2007 to 48.2 percent today. The large banks are taking advantage of their increased control over the market to drive up fees. The Post noted that in the last quarter these banks raised their deposit fees by an average of 8 percent, while the smaller banks lowered their fees by 12 percent. In promoting and subsidizing the takeover of failing banks by the biggest banks and investment houses, the Post notes, the government violated federal antitrust regulations, which prohibit any single bank from controlling more than 10 percent of deposits nationwide. They also violate Justice Department antitrust advisories on the degree of control over regional financial markets by individual banks. In addition to these major acquisitions, more than 80 smaller banks have been seized by the FDIC this year and many have been incorporated into larger banks, with the aid of government subsidies. As a result of this process, three major competitors of the largest Wall Street firms—Bear Stearns, Lehman Brothers and Merrill Lynch—have disappeared, and major commercial banks such as Wachovia and Washington Mutual have vanished, leaving such giants as JPMorgan Chase and Goldman Sachs in a position to dictate market conditions. The growth of the remaining big banks has been staggering. Bank of America grew by more than 138 percent after acquiring Merrill Lynch and Countrywide Financial, according to the Washington Post report. JPMorgan Chase grew by 50 percent after appropriating Bear Stearns and Washington Mutual, and Wells Fargo expanded by 43 percent after snapping up Wachovia. Prior to the crisis, Wells Fargo, JPMorgan Chase and Bank of America controlled 4.4, 7.0 and 9.6 percent of bank deposits, respectively. Now, they control 11 percent, 10 percent, and 12.9 percent. This consolidation, together with the Obama administration’s pledge to spend whatever public funds are required to prevent the failure of the remaining mega-banks, has enabled these banks to borrow funds at significantly lower rates than their smaller rivals, creating the conditions for a further concentration of financial power in the hands of a few super-banks. Banks with $100 billion or more in assets are borrowing money at interest rates on average 0.34 percentage points lower than their smaller rivals, according to the Washington Post. That advantage was only 0.08 percent in 2007. The process of government-mediated consolidation continues. The Wall Street Journal reported Monday that the FDIC has been subsidizing the purchase of distressed banks by larger institutions by guaranteeing virtually all of the potential losses of the bigger banks. The article reports that the FDIC has assumed up to 95 percent of the risk on $80 billion in assets of failed banks bought by other banks. The FDIC’s total potential losses are close to $80 billion, compared to the $10.4 billion it currently holds to guarantee the deposits of millions of consumers. The FDIC’s deposit insurance fund has fallen from more than $50 billion a year ago and is being further depleted by new bank failures. Officials say they expect over 300 more bank failures in the coming months. The agency expects to cover $14 billion in losses on the takeover subsidies it has already extended. It is widely expected that the FDIC will tap billions of dollars in public Treasury funds to shore up its deposit insurance system. As the Wall Street Journal notes, the FDIC’s policy of engineering bank takeovers at public expense “amounts to a subsidy for dozens of hand-picked banks.” The vast concentration of financial power is the result of a deliberate policy of both the Bush and Obama administrations. It is one component of a program to utilize the financial crisis precipitated by the speculation and profiteering of the major banks to carry out a massive restructuring of the I am not "you guys." He is absolutely a waterboy for the corporate oligarchy. He's no socialist. He's emptying the federal treasury into the coffers of private corporations, by the trillions! Follow the money, not the rhetoric.

I've been looking into investing in multi-family/commercial real estate near Cincinnati. I was talking to an old friend of mine about the possibility of no-money-down purchases. He said one deal he has been successful with in the past is where the purchase contract stipulates that you pay a 10% balloon payment due in 2 years, and that serves as the down payment. Have you seen anything similar to this? It seems pretty hard to manage unless you have a young desperate seller. However I would like to know if such easy transactions exist for investors with little to no capital.

I've been looking into investing in multi-family/commercial real estate near Cincinnati. I was talking to an old friend of mine about the possibility of no-money-down purchases. He said one deal he has been successful with in the past is where the purchase contract stipulates that you pay a 10% balloon payment due in 2 years, and that serves as the down payment. Have you seen anything similar to this? It seems pretty hard to manage unless you have a young desperate seller. However I would like to know if such easy transactions exist for investors with little to no capital.

My husband and I have paid all monthly payments to the owner (a large residential and commercial contractor in Michigan) of our new condo (located in Michigan) which we moved into a year and a half ago on a Land Contract. We were planning to purchase the home by October 2009 (which is an agreement written in the Land Contract) but are unable to get a bank loan at this time. All payments have been made on time and in full, but the owner has been calling us asking when we will have the Mortgage ready. We would like to extend the Land Contract, but he may not let us and may foreclose on the property. Is the company legally allowed to foreclose if we have made all due payments and have kept the property in tip top condition? We are very worried about this because a foreclosure would disable us from buying a home in the next couple of years. Please respond to the best of your ability. We could really use the help. Thanks, NBP

My husband and I have paid all monthly payments to the owner (a large residential and commercial contractor in Michigan) of our new condo (located in Michigan) which we moved into a year and a half ago on a Land Contract. We were planning to purchase the home by October 2009 (which is an agreement written in the Land Contract) but are unable to get a bank loan at this time. All payments have been made on time and in full, but the owner has been calling us asking when we will have the Mortgage ready. We would like to extend the Land Contract, but he may not let us and may foreclose on the property. Is the company legally allowed to foreclose if we have made all due payments and have kept the property in tip top condition? We are very worried about this because a foreclosure would disable us from buying a home in the next couple of years. Please respond to the best of your ability. We could really use the help. Thanks, NBP

I'm a woman who drives an older car and when I call around to most junkyards I end up being told that I don't know what I'm talking about and/or given an outrageously high quote for the part I'm looking for. In one case the quote on a used part was $10 HIGHER than buying the same part NEW at Advance Auto. My husband went to the same yard and they quoted him a much lower price on the same part. I get really frustrated by this because before my husband got his engineering degree he worked as an ASE certified auto mechanic and all of my information comes from him and my official General Motors shop manual for my 1992 Pontiac Bonneville. I'm the one who handles most of the purchases due to my husband's work schedule and it gets annoying when he has to waste his time doing something that I could have done myself if people had been honest with me. Its gotten worse since we moved down south. Back in Delaware I'd get the occasional sexist junkyard jerk but I'd at least be able to get my part from someone for a reasonable price. Down here it seems like the jerks are a little more prevalent. On Friday, I had some bone head argue with me that I could only pull a bracket I needed from a 3800 V6 that was in the exact make, model and year car I needed it for. Any mechanic will tell you that the vast majority of components on GM 3800 V6 engines are compatible with other GM 3800 V6 engines of the same time period regardless of the make or model they were installed in. My husband talked to the same bone head who told me I was wrong and he told my husband it would be completely OK to pull it from the 1994 Buick LeSabre they had on their lot. Any ideas on how to prevent issues like this from happening again? I don't get any issue from guys at retail parts stores; in fact, most of them are impressed by my breadth of knowledge about cars. At one store the commercial services manager even set me up with a permanent business discount because I bought $200 in parts at once. As my car gets older, I foresee this happening more and more if I start needing obscure parts to upgrade/change systems. Don't tell me to buy a new car either. This one isn't eligible for the CARS program due to its wonderful gas mileage. Plus, the hubby and I can't comfortably swing the payments on anything brand new or even late model on one income while trying to pay student loans and a mortgage while also saving for retirement. Its cheaper to fix this one than it is to buy a new one. Can't we all be gender neutral when it comes to car knowledge?

I'm a woman who drives an older car and when I call around to most junkyards I end up being told that I don't know what I'm talking about and/or given an outrageously high quote for the part I'm looking for. In one case the quote on a used part was $10 HIGHER than buying the same part NEW at Advance Auto. My husband went to the same yard and they quoted him a much lower price on the same part. I get really frustrated by this because before my husband got his engineering degree he worked as an ASE certified auto mechanic and all of my information comes from him and my official General Motors shop manual for my 1992 Pontiac Bonneville. I'm the one who handles most of the purchases due to my husband's work schedule and it gets annoying when he has to waste his time doing something that I could have done myself if people had been honest with me. Its gotten worse since we moved down south. Back in Delaware I'd get the occasional sexist junkyard jerk but I'd at least be able to get my part from someone for a reasonable price. Down here it seems like the jerks are a little more prevalent. On Friday, I had some bone head argue with me that I could only pull a bracket I needed from a 3800 V6 that was in the exact make, model and year car I needed it for. Any mechanic will tell you that the vast majority of components on GM 3800 V6 engines are compatible with other GM 3800 V6 engines of the same time period regardless of the make or model they were installed in. My husband talked to the same bone head who told me I was wrong and he told my husband it would be completely OK to pull it from the 1994 Buick LeSabre they had on their lot. Any ideas on how to prevent issues like this from happening again? I don't get any issue from guys at retail parts stores; in fact, most of them are impressed by my breadth of knowledge about cars. At one store the commercial services manager even set me up with a permanent business discount because I bought $200 in parts at once. As my car gets older, I foresee this happening more and more if I start needing obscure parts to upgrade/change systems. Don't tell me to buy a new car either. This one isn't eligible for the CARS program due to its wonderful gas mileage. Plus, the hubby and I can't comfortably swing the payments on anything brand new or even late model on one income while trying to pay student loans and a mortgage while also saving for retirement. Its cheaper to fix this one than it is to buy a new one. Can't we all be gender neutral when it comes to car knowledge?

I found a great deal on a commercial property and I need to know what I can do to purchase it. I have never done a commercial type loan. Are there mortgages for these types of buildings? Asking price is $385,000 and I would need to do close to 100% maybe 95%. ANy suggestions would be great.

I found a great deal on a commercial property and I need to know what I can do to purchase it. I have never done a commercial type loan. Are there mortgages for these types of buildings? Asking price is $385,000 and I would need to do close to 100% maybe 95%. ANy suggestions would be great.

My husband and I want to purchase a Mobile Home Park 25 units all rented. The Park is $550,000 we are giving a $250000 down Pay-mt. What would be a good interest % and can you get a fixed rate w ith a Commercial Loan. How does a Small Business Loan work for the park? Any other input would be great!

My husband and I want to purchase a Mobile Home Park 25 units all rented. The Park is $550,000 we are giving a $250000 down Pay-mt. What would be a good interest % and can you get a fixed rate w ith a Commercial Loan. How does a Small Business Loan work for the park? Any other input would be great!

http://www.imf.org/external/np/sec/pr/2009/pr09266.htm http://profit.ndtv.com/2009/07/24173441/California-Software--Aitken-S.html ? It would seem to be a hugely contradictory and conflicting manoeuver for the owners of a foreign based conglomerate that operates on island to be writing policy statements on behalf of the IMF/World Bank as well as acting as Mission Chief for the country he has private interest in. Furthermore, what are you estimated balance of payments for current year based upon? I see a trajectory of decreasing external debt being manipulated against a formulae of increased private debt creation – how much is Aitken and Spence and its new offshoot CalSpence standing to profit from that in niche technology creation which is really just a interface of available programmes and why would Sri Lanka want to utilize a private venture for such work off island when this program was tied to a different type of government/private cooperation that does not make readily available details of our internal and external distributions and controls to public markets. Another matter that has not been revealed in your statement is the interest rate and terms of repayment. The country is wondering why full terms and the executor were not revealed before what amounts to loan stuffing. Our commercial debt has greatly decreased in the current programme as has our external debt which you intend to raise considerably. I would also like to see a statement where a special column is created for CEB and CPC balances as both are under construction loads that will correct on their own and give a irresponsible view of the current position as well as skew what future correction will be attributed by. "The consolidated government balance includes the Ceylon Electricity Board and the Ceylon Petroleum Corporation" I am also wondering how much of our debt load is created by Aitken-Spence and its affiliated ventures? Numerology in banking and a planned 5 year "recovery" is quite contadictory to both the past available data for privatisation and fully capitalisyic streams that rocked our country in prior years and the economic realities that without the "international financial meltdown", war at home and major utilities constuction that is nearing completions the economic policies of the country in 2006-2009 period have been quite positive. We would like to see the full terms of this loan package, Brian, as most of us believe in full ledger accounting with proper columnar adjustments much more than numerology. How has this bond debt been spread out over the matrix? "Staff estimates based on total stock outstanding of foreign exchange commercial debt plus nonresident purchase of rupee-denominated treasury bonds." How much of our commercial debt is based on domestic load and how much on foreign/multinational load and what is the spread on F/MN debt? Final 2 questions what is the cost for this software development and is the 322.2M changing to 332.2M in Q4??? - that is a joke but this policy statement which seems PC and non-revelation of terms is a red flag. http://www.imf.org/external/np/sec/pr/2009/pr09266.htm There also seems to be a discrepancy on the amount of the loan - is the correct figure 2.4, 2.5 or 2.6 billion dollars? I know that there are other discrepancies in the Guardian piece in reference to the numbers in IDP camps - the 280K figure is incorrect and the last complete rolls calculated 250K. There continue to be hurdles to resettling such as huge weapons caches being discovered, continued random acts of terrorism and the fact that many villages and buildings were boobytrapped by LTTE in the last few months of the conflict, conditions at camps are continually improving and would have improved at a more rapid rate if it were not for the continual interjections of INGOs that are reticent to adequate toilets/shelter being provided. 35 more villages in Vavuniya are being resettled in the coming weeks totaling 3000 FAMILIES.

http://www.imf.org/external/np/sec/pr/2009/pr09266.htm http://profit.ndtv.com/2009/07/24173441/California-Software--Aitken-S.html ? It would seem to be a hugely contradictory and conflicting manoeuver for the owners of a foreign based conglomerate that operates on island to be writing policy statements on behalf of the IMF/World Bank as well as acting as Mission Chief for the country he has private interest in. Furthermore, what are you estimated balance of payments for current year based upon? I see a trajectory of decreasing external debt being manipulated against a formulae of increased private debt creation – how much is Aitken and Spence and its new offshoot CalSpence standing to profit from that in niche technology creation which is really just a interface of available programmes and why would Sri Lanka want to utilize a private venture for such work off island when this program was tied to a different type of government/private cooperation that does not make readily available details of our internal and external distributions and controls to public markets. Another matter that has not been revealed in your statement is the interest rate and terms of repayment. The country is wondering why full terms and the executor were not revealed before what amounts to loan stuffing. Our commercial debt has greatly decreased in the current programme as has our external debt which you intend to raise considerably. I would also like to see a statement where a special column is created for CEB and CPC balances as both are under construction loads that will correct on their own and give a irresponsible view of the current position as well as skew what future correction will be attributed by. "The consolidated government balance includes the Ceylon Electricity Board and the Ceylon Petroleum Corporation" I am also wondering how much of our debt load is created by Aitken-Spence and its affiliated ventures? Numerology in banking and a planned 5 year "recovery" is quite contadictory to both the past available data for privatisation and fully capitalisyic streams that rocked our country in prior years and the economic realities that without the "international financial meltdown", war at home and major utilities constuction that is nearing completions the economic policies of the country in 2006-2009 period have been quite positive. We would like to see the full terms of this loan package, Brian, as most of us believe in full ledger accounting with proper columnar adjustments much more than numerology. How has this bond debt been spread out over the matrix? "Staff estimates based on total stock outstanding of foreign exchange commercial debt plus nonresident purchase of rupee-denominated treasury bonds." How much of our commercial debt is based on domestic load and how much on foreign/multinational load and what is the spread on F/MN debt? Final 2 questions what is the cost for this software development and is the 322.2M changing to 332.2M in Q4??? - that is a joke but this policy statement which seems PC and non-revelation of terms is a red flag. http://www.imf.org/external/np/sec/pr/2009/pr09266.htm There also seems to be a discrepancy on the amount of the loan - is the correct figure 2.4, 2.5 or 2.6 billion dollars? I know that there are other discrepancies in the Guardian piece in reference to the numbers in IDP camps - the 280K figure is incorrect and the last complete rolls calculated 250K. There continue to be hurdles to resettling such as huge weapons caches being discovered, continued random acts of terrorism and the fact that many villages and buildings were boobytrapped by LTTE in the last few months of the conflict, conditions at camps are continually improving and would have improved at a more rapid rate if it were not for the continual interjections of INGOs that are reticent to adequate toilets/shelter being provided. 35 more villages in Vavuniya are being resettled in the coming weeks totaling 3000 FAMILIES.

Okay i have been seperated from my husband for two years, we married in 2005, he was the one who declared the divorce i went through so much with him. We owned a business and i helped when i could when i was off from my full time job. We are going to 2nd mediation soon and the first time i was nice and agreed to let him keep the house in the mediation and he give me $16,000.00 we all know how that went, never got a call from his lawyer or him and he didnt agree to pay. So back to Square one again, but i have listed everything below to tell me what you think. 2005 - Purchased House and Land $52,000.00 2005- Honda dirt bike $1000.00 2005 Box Trailer $1000.00 2005- 30x40 shop $14,500.00 2005 – Miller Welder $2000.00 2005- Kitchen appliances $ 500.00 2006- Maytag Refrigerator $1200.00 2006- Leather reclined couch $900.00 2006-TV 50 in Sanyo Flat Screen TV $2,220.00 2006-1999 F-350, $13,500.00 2006-2000 F-350, $8,500.00 (SOLD during separation 2008, not sure price) 2006- Tandem Trailer 40 ft. - $6,000.00 2007- Washer & Dryer $300.00 2007- Polaris 4 wheeler $2000.00 2007 1997 Bobcat 853-$12,500.00 (first payment $6500.00-$7500.00) 2007-Skag commercial lawn mower $2000.00 2007- 2nd Miller welder$ 1700.00 There are still some of my belongings in the house, such as personal pictures and family hand me downs that I would like back. I have personal pictures of Nic that I am more than happy to give back to him. I have discovered that there was no JOINT account, Nic made me believe that by just putting my name on checks and giving me a debit card. However I have done my homework and discovered I was never on any accounts. This is probably why I was never able to draw out money from the bank except with debit card with his approval. He did have a personal loan account of $50,000.00 and we paid $528 a month towards this. Also as for Onsite Welding and Demolition this company has been a business loss for the past 3 years. Makes me wonder where we got the money for the 1997 bobcat, 2nd welder, skag commercial lawn mower and other items. I don’t understand if we could have purchased all this why on earth did he not pay the $11,000.00 back in taxes he owed the IRS. Not sure what he was trying to pull. I do have a lawyer and just emailed her all this

Okay i have been seperated from my husband for two years, we married in 2005, he was the one who declared the divorce i went through so much with him. We owned a business and i helped when i could when i was off from my full time job. We are going to 2nd mediation soon and the first time i was nice and agreed to let him keep the house in the mediation and he give me $16,000.00 we all know how that went, never got a call from his lawyer or him and he didnt agree to pay. So back to Square one again, but i have listed everything below to tell me what you think. 2005 - Purchased House and Land $52,000.00 2005- Honda dirt bike $1000.00 2005 Box Trailer $1000.00 2005- 30x40 shop $14,500.00 2005 – Miller Welder $2000.00 2005- Kitchen appliances $ 500.00 2006- Maytag Refrigerator $1200.00 2006- Leather reclined couch $900.00 2006-TV 50 in Sanyo Flat Screen TV $2,220.00 2006-1999 F-350, $13,500.00 2006-2000 F-350, $8,500.00 (SOLD during separation 2008, not sure price) 2006- Tandem Trailer 40 ft. - $6,000.00 2007- Washer & Dryer $300.00 2007- Polaris 4 wheeler $2000.00 2007 1997 Bobcat 853-$12,500.00 (first payment $6500.00-$7500.00) 2007-Skag commercial lawn mower $2000.00 2007- 2nd Miller welder$ 1700.00 There are still some of my belongings in the house, such as personal pictures and family hand me downs that I would like back. I have personal pictures of Nic that I am more than happy to give back to him. I have discovered that there was no JOINT account, Nic made me believe that by just putting my name on checks and giving me a debit card. However I have done my homework and discovered I was never on any accounts. This is probably why I was never able to draw out money from the bank except with debit card with his approval. He did have a personal loan account of $50,000.00 and we paid $528 a month towards this. Also as for Onsite Welding and Demolition this company has been a business loss for the past 3 years. Makes me wonder where we got the money for the 1997 bobcat, 2nd welder, skag commercial lawn mower and other items. I don’t understand if we could have purchased all this why on earth did he not pay the $11,000.00 back in taxes he owed the IRS. Not sure what he was trying to pull. I do have a lawyer and just emailed her all this

Okay i have been seperated from my husband for two years, we married in 2005, he was the one who declared the divorce i went through so much with him. We owned a business and i helped when i could when i was off from my full time job. We are going to 2nd mediation soon and the first time i was nice and agreed to let him keep the house in the mediation and he give me $16,000.00 we all know how that went, never got a call from his lawyer or him and he didnt agree to pay. So back to Square one again, but i have listed everything below to tell me what you think. 2005 - Purchased House and Land $52,000.00 2005- Honda dirt bike $1000.00 2005 Box Trailer $1000.00 2005- 30x40 shop $14,500.00 2005 – Miller Welder $2000.00 2005- Kitchen appliances $ 500.00 2006- Maytag Refrigerator $1200.00 2006- Leather reclined couch $900.00 2006-TV 50 in Sanyo Flat Screen TV $2,220.00 2006-1999 F-350, $13,500.00 2006-2000 F-350, $8,500.00 (SOLD during separation 2008, not sure price) 2006- Tandem Trailer 40 ft. - $6,000.00 2007- Washer & Dryer $300.00 2007- Polaris 4 wheeler $2000.00 2007 1997 Bobcat 853-$12,500.00 (first payment $6500.00-$7500.00) 2007-Skag commercial lawn mower $2000.00 2007- 2nd Miller welder$ 1700.00 There are still some of my belongings in the house, such as personal pictures and family hand me downs that I would like back. I have personal pictures of Nicholas that I am more than happy to give back to him. I have discovered that there was no JOINT account, Nicholas made me believe that by just putting my name on checks and giving me a debit card. However I have done my homework and discovered I was never on any accounts. This is probably why I was never able to draw out money from the bank except with debit card with his approval. He did have a personal loan account of $50,000.00 and we paid $528 a month towards this. Also as for Onsite Welding and Demolition this company has been a business loss for the past 3 years. Makes me wonder where we got the money for the 1997 bobcat, 2nd welder, skag commercial lawn mower and other items. I don’t understand if we could have purchased all this why on earth did he not pay the $11,000.00 back in taxes he owed the IRS. Not sure what he was trying to pull. i have a lawyer, not sure about all the reciepts but i can remember most things, i do have all the titles to vehicles, house and welders

Okay i have been seperated from my husband for two years, we married in 2005, he was the one who declared the divorce i went through so much with him. We owned a business and i helped when i could when i was off from my full time job. We are going to 2nd mediation soon and the first time i was nice and agreed to let him keep the house in the mediation and he give me $16,000.00 we all know how that went, never got a call from his lawyer or him and he didnt agree to pay. So back to Square one again, but i have listed everything below to tell me what you think. 2005 - Purchased House and Land $52,000.00 2005- Honda dirt bike $1000.00 2005 Box Trailer $1000.00 2005- 30x40 shop $14,500.00 2005 – Miller Welder $2000.00 2005- Kitchen appliances $ 500.00 2006- Maytag Refrigerator $1200.00 2006- Leather reclined couch $900.00 2006-TV 50 in Sanyo Flat Screen TV $2,220.00 2006-1999 F-350, $13,500.00 2006-2000 F-350, $8,500.00 (SOLD during separation 2008, not sure price) 2006- Tandem Trailer 40 ft. - $6,000.00 2007- Washer & Dryer $300.00 2007- Polaris 4 wheeler $2000.00 2007 1997 Bobcat 853-$12,500.00 (first payment $6500.00-$7500.00) 2007-Skag commercial lawn mower $2000.00 2007- 2nd Miller welder$ 1700.00 There are still some of my belongings in the house, such as personal pictures and family hand me downs that I would like back. I have personal pictures of Nicholas that I am more than happy to give back to him. I have discovered that there was no JOINT account, Nicholas made me believe that by just putting my name on checks and giving me a debit card. However I have done my homework and discovered I was never on any accounts. This is probably why I was never able to draw out money from the bank except with debit card with his approval. He did have a personal loan account of $50,000.00 and we paid $528 a month towards this. Also as for Onsite Welding and Demolition this company has been a business loss for the past 3 years. Makes me wonder where we got the money for the 1997 bobcat, 2nd welder, skag commercial lawn mower and other items. I don’t understand if we could have purchased all this why on earth did he not pay the $11,000.00 back in taxes he owed the IRS. Not sure what he was trying to pull. i have a lawyer, not sure about all the reciepts but i can remember most things, i do have all the titles to vehicles, house and welders

I have always wanted to own my own gas station. I have a location I would like to build one and that would be my ideal situation. I know for that I would need a commercial construction loan. Where can I find a company that builds gas stations that could tell me how much its going to cost? How much DOES it cost to build a gas station? If I were to purchase a used gas station, where should I look? I googled and cant find ANY for sale in my city, Austin, TX. What are some of the basics I should know? How much does a moderately profitable gas station make? What kind of spread is made on the gas? Cigs? Alcohol? Food/Beverage? Lottery? Please if you own a gas station induct me into your circle! How do alot of foreign born citizens get the funding for owning a gas station? Help, I desperately want to buy! Thanks for all your guidance and advice ahead of time!

I have always wanted to own my own gas station. I have a location I would like to build one and that would be my ideal situation. I know for that I would need a commercial construction loan. Where can I find a company that builds gas stations that could tell me how much its going to cost? How much DOES it cost to build a gas station? If I were to purchase a used gas station, where should I look? I googled and cant find ANY for sale in my city, Austin, TX. What are some of the basics I should know? How much does a moderately profitable gas station make? What kind of spread is made on the gas? Cigs? Alcohol? Food/Beverage? Lottery? Please if you own a gas station induct me into your circle! How do alot of foreign born citizens get the funding for owning a gas station? Help, I desperately want to buy! Thanks for all your guidance and advice ahead of time!

I'm looking to purchase a 6 - 10 unit apartment building. My end goal is to move-in one of the units, and rent out the remaining units. I know that I will need to acquire a commercial loan for the purchase of a building this size, but I am not sure of the typical down payment requirements and other items used in qualifying a purchaser and the apartment building. Can anyone provide me with the 'ins/out' of this type of transaction? Thank you.

I'm looking to purchase a 6 - 10 unit apartment building. My end goal is to move-in one of the units, and rent out the remaining units. I know that I will need to acquire a commercial loan for the purchase of a building this size, but I am not sure of the typical down payment requirements and other items used in qualifying a purchaser and the apartment building. Can anyone provide me with the 'ins/out' of this type of transaction? Thank you.

I want to buy a bowling center for $1.4 million. I have no cash to put down but I have collateral as in a house that was appraised for $143,000. Is there anyway to obtain financing for this purchase?

I want to buy a bowling center for $1.4 million. I have no cash to put down but I have collateral as in a house that was appraised for $143,000. Is there anyway to obtain financing for this purchase?

I need to put these 3 entries into a journal entry, can someone please help me out with them. This is for a office business. July 1 Invested $20 000 in there business cheque account. July 1 Recorded revenues for the first half of the month of $500 in cash and $200 on account July 2 Withdrew $100 for personal living expenses July 3 Purchased equipment by issuing a cheque for $5000 and signed a commercial loan aggreement for $7000 July 4 Paid insurance expense account of $100 by cheque Thanks in advance

I need to put these 3 entries into a journal entry, can someone please help me out with them. This is for a office business. July 1 Invested $20 000 in there business cheque account. July 1 Recorded revenues for the first half of the month of $500 in cash and $200 on account July 2 Withdrew $100 for personal living expenses July 3 Purchased equipment by issuing a cheque for $5000 and signed a commercial loan aggreement for $7000 July 4 Paid insurance expense account of $100 by cheque Thanks in advance

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans." I'm sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up $7000 and acquire $100,000 worth of real estate with the government matching $7000 and loaning $86,000 from the FDIC? http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88 So, for $14,000, a private investor can acquire a $200,000 property, forget the $14,000 matching grant, and slowly repay the government $172,000? What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent? Since when does the FDIC make billions in loans? The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone's deposits if the banks all collapse. Why then would it be tapped to send $500 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail? The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won't be ablle to make money off of in this economy -- lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them? So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer's deposits? But the rich will have their money, courtesy of $500 billion from the FDIC? Oh my. Is that what is happening here?

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans." I'm sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up $7000 and acquire $100,000 worth of real estate with the government matching $7000 and loaning $86,000 from the FDIC? http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88 So, for $14,000, a private investor can acquire a $200,000 property, forget the $14,000 matching grant, and slowly repay the government $172,000? What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent? Since when does the FDIC make billions in loans? The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone's deposits if the banks all collapse. Why then would it be tapped to send $500 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail? The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won't be ablle to make money off of in this economy -- lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them? So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer's deposits? But the rich will have their money, courtesy of $500 billion from the FDIC? Oh my. Is that what is happening here?

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans." I'm sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up $7000 and acquire $100,000 worth of real estate with the government matching $7000 and loaning $86,000 from the FDIC? http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88 So, for $14,000, a private investor can acquire a $200,000 property, forget the $14,000 matching grant, and slowly repay the government $172,000? What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent? Since when does the FDIC make billions in loans? The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone's deposits if the banks all collapse. Why then would it be tapped to send $500 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail? The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won't be ablle to make money off of in this economy -- lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them? So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer's deposits? But the rich will have their money, courtesy of $500 billion from the FDIC? Oh my. Is that what is happening here?

"Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans." I'm sorry, can some other please read this news story from yesterday very, very, very carefully, and tell me, does it or does it not explain that a private investor can put up $7000 and acquire $100,000 worth of real estate with the government matching $7000 and loaning $86,000 from the FDIC? http://news.yahoo.com/s/ap/20090324/ap_on_go_ca_st_pe/bank_rescue_88 So, for $14,000, a private investor can acquire a $200,000 property, forget the $14,000 matching grant, and slowly repay the government $172,000? What happens if that investor defaults? Who covers the loan payments to the FDIC so that it will stay solvent? Since when does the FDIC make billions in loans? The last I read about the FDIC a few months ago said it did not have enough money then to cover everyone's deposits if the banks all collapse. Why then would it be tapped to send $500 billion out its doors on a dubious economic rescue plan with full understanding that the whole plan is a risk and may fail? The rich bankers will get their money from the government loans as speculators and the naive rush to get these properties that they won't be ablle to make money off of in this economy -- lol, the banks cannot make money off of them, by what magic will the private investor using government money to get them from the banks be able to make money off them? So, the banks and those who own them will be held up for awhile, but when the problem behind this economic mess is not truly addressed, they will run the risk of failing again and there will be no money in the FDIC to cover the consumer's deposits? But the rich will have their money, courtesy of $500 billion from the FDIC? Oh my. Is that what is happening here?

Today on the news they were just telling us the American people what their plan was. Obama seems to be content with it so i dont know. But i must say this doesn't sound like what i thought he was trying to do. Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans. okay so let me get this right.. The banks screwed us cause well their good talkers. Screwed themselves. We pay money we dont have. Alot of americans lost their homes due to greedy banks and people making us loose our job and our homes in forecloser. And now with our money they buy our homes with our money? http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12618169&ch=4226720&src=news Wouldn't it been better to just buy the houses from the start and let us stay in their and have some sort of i.o.u. policy? what do you think?

Today on the news they were just telling us the American people what their plan was. Obama seems to be content with it so i dont know. But i must say this doesn't sound like what i thought he was trying to do. Federal Deposit Insurance Corp. Chairman Sheila Bair said she expects her agency will finance as much as $500 billion in purchases of residential and commercial real estate loans. okay so let me get this right.. The banks screwed us cause well their good talkers. Screwed themselves. We pay money we dont have. Alot of americans lost their homes due to greedy banks and people making us loose our job and our homes in forecloser. And now with our money they buy our homes with our money? http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=12618169&ch=4226720&src=news Wouldn't it been better to just buy the houses from the start and let us stay in their and have some sort of i.o.u. policy? what do you think?

In reality, Wall Street is nothing but a derivatives monster, a black hole of hundreds of trillions of dollars of poisonous derivatives. Total world derivatives are now between $1 QUADRILLION (i.e., one thousand trillion) and $1.5 quadrillion, and Wall Street represents the lion's share of this. (We are forced to use estimates because most derivatives are not just unregulated, they are also unreported, so literally nobody knows the exact size of the derivatives bubble.) No money that is put into Wall Street will ever pass through it to benefit anyone else. The Wall Street derivatives black hole is so powerful that it could easily eat the whole earth and the entire solar system, and still be just as bankrupt as it was to start with. Banks like JP Morgan Chase, Citibank, and the Bank of America long ago gave up providing commercial bank services in the form of loans to companies seeking to purchase new plant and equipment for capital investment and job creation. The banks do not discount commercial paper any more. They deal in derivatives and speculation, and little else. A year ago, JP Morgan Chase alone officially had $93 TRILLION in derivatives of certain types ­ more than six times the total Gross Domestic Product of the United States, and this is a very low-ball estimate indeed. When they were still investment banks, Goldman Sachs and Morgan Stanley created the Intercontinental Exchange (ICE) in London to facilitate their oil futures speculation; there are indications that Goldman and Morgan between them accounted for almost half of the run-up in the world oil price, meaning in effect that these two criminal organizations were responsible for almost 25% of the total price of oil. This means that about a quarter out of every dollar paid at the gas pump by commuters, cab drivers, and truckers was going to subsidize Goldman Sachs and Morgan Stanley

In reality, Wall Street is nothing but a derivatives monster, a black hole of hundreds of trillions of dollars of poisonous derivatives. Total world derivatives are now between $1 QUADRILLION (i.e., one thousand trillion) and $1.5 quadrillion, and Wall Street represents the lion's share of this. (We are forced to use estimates because most derivatives are not just unregulated, they are also unreported, so literally nobody knows the exact size of the derivatives bubble.) No money that is put into Wall Street will ever pass through it to benefit anyone else. The Wall Street derivatives black hole is so powerful that it could easily eat the whole earth and the entire solar system, and still be just as bankrupt as it was to start with. Banks like JP Morgan Chase, Citibank, and the Bank of America long ago gave up providing commercial bank services in the form of loans to companies seeking to purchase new plant and equipment for capital investment and job creation. The banks do not discount commercial paper any more. They deal in derivatives and speculation, and little else. A year ago, JP Morgan Chase alone officially had $93 TRILLION in derivatives of certain types ­ more than six times the total Gross Domestic Product of the United States, and this is a very low-ball estimate indeed. When they were still investment banks, Goldman Sachs and Morgan Stanley created the Intercontinental Exchange (ICE) in London to facilitate their oil futures speculation; there are indications that Goldman and Morgan between them accounted for almost half of the run-up in the world oil price, meaning in effect that these two criminal organizations were responsible for almost 25% of the total price of oil. This means that about a quarter out of every dollar paid at the gas pump by commuters, cab drivers, and truckers was going to subsidize Goldman Sachs and Morgan Stanley

I'm finally about to get my career underway. I'm a pretty frugal person, so even though the initial pay isn't fantastic I should be able to save at least $10,000 in the first year while I pay off all of my credit card debt and auto loan debt. From then on out it's about 24k of structured student loans. Each subsequent year, I should be able to save at least $20,000. So over the course of 5 years with a small amount of interest, I should have $100,000 saved. I would like to put this toward the purchase of a house. Hopefully the housing market will be stabilized and deflated by then so I can make a wise investment. (Yes, deflated.) See http://www.businessinsider.com/the-housing-chart-thats-worth-1000-words-2009-2 Here's where I'm uncertain. The dollar is volatile, to say the least. If I hold onto my assets in the form of dollars, then my $100,000 in 2014 could have the buying power of 50k of today's dollars, or even 20k or worse. Would I be wise to convert the balance of my savings account into Euros? Can I even do that in a domestic bank, or would I have to open an overseas account? I'm trying to anticipate a solid way to save my money and maintain its buying power through thick and thin. I would be stupid to put money on a house before the upcoming Option-Arm housing crisis runs its course and the market loses another $1-2 trillion. I'm even contemplating buying gold (not gold "investing" as you see on those commercials, but physically owning gold coins), but that comes with a whole other set of concerns for keeping it safe.

I'm finally about to get my career underway. I'm a pretty frugal person, so even though the initial pay isn't fantastic I should be able to save at least $10,000 in the first year while I pay off all of my credit card debt and auto loan debt. From then on out it's about 24k of structured student loans. Each subsequent year, I should be able to save at least $20,000. So over the course of 5 years with a small amount of interest, I should have $100,000 saved. I would like to put this toward the purchase of a house. Hopefully the housing market will be stabilized and deflated by then so I can make a wise investment. (Yes, deflated.) See http://www.businessinsider.com/the-housing-chart-thats-worth-1000-words-2009-2 Here's where I'm uncertain. The dollar is volatile, to say the least. If I hold onto my assets in the form of dollars, then my $100,000 in 2014 could have the buying power of 50k of today's dollars, or even 20k or worse. Would I be wise to convert the balance of my savings account into Euros? Can I even do that in a domestic bank, or would I have to open an overseas account? I'm trying to anticipate a solid way to save my money and maintain its buying power through thick and thin. I would be stupid to put money on a house before the upcoming Option-Arm housing crisis runs its course and the market loses another $1-2 trillion. I'm even contemplating buying gold (not gold "investing" as you see on those commercials, but physically owning gold coins), but that comes with a whole other set of concerns for keeping it safe.

You personally own a commercial office building with a basis of 8,000,000. You sell it for 20,000,000 and immediately lease it back for 40 years at a rental rate exactly equal to the buyer's mortgage payment (the buyer borrowed $20,000,000 from a bank to make the purchase). No improvements will be made on the building during the lease term. You will pay all costs associated with the building. You have the right to reacquire the property at any time by assuming the outstanding mortgage and paying the buyer all of its principal payments on the loan plus a market interest rate thereon. The buyer has no duty to compensate you if the building becomes unusable for any reason. Will you recognize a gain on the sale?

You personally own a commercial office building with a basis of 8,000,000. You sell it for 20,000,000 and immediately lease it back for 40 years at a rental rate exactly equal to the buyer's mortgage payment (the buyer borrowed $20,000,000 from a bank to make the purchase). No improvements will be made on the building during the lease term. You will pay all costs associated with the building. You have the right to reacquire the property at any time by assuming the outstanding mortgage and paying the buyer all of its principal payments on the loan plus a market interest rate thereon. The buyer has no duty to compensate you if the building becomes unusable for any reason. Will you recognize a gain on the sale?