I have 1 DirecTV Receiver that is fairly new. I need to know if I can sell it and it be activated on another person’s account even though my service was disconnected due to non payment.
I also have 3 Dish Network receivers. Same case with these also.
My parents are in their 70’s and my father has Alzheimer’s. They have decided to sell their home and should clear about 85K from the sale. I would like them to move closer to me (I’m their daugther) and rent a small apartment until we see how my father’s health progresses.
Will they have to pay income tax on the 85K from the sale of their home? They don’t have a lot of income – they live on their Social Security and about $500 from a small pension and an annuity.
We were hoping to bank the 85K for future use in case my father needs to go into assisted living when his Alzheimer’s gets worse.
Thanks.
Our house is on a busy main street that is only going to get busier in the future however we have a small mortgage and have lots of privacy. We have owned it for about 8 yrs. Because of the buildup around us (most of which is commercial), we might want to move but our area is expensive. Basically we own an affordable home (3 beds 2 baths) in an area that is largely unaffordable.
Is it better to stay in a home in which we have lots of equity but will not appreciate as fast because of its location. Or should we consider a move (within our town) for a better location but a bigger mortgage payment and less equity?
Thanks for the answers – I am thinking we will decide to stay – we have 3 kids and the expense of moving plus additional mort. payments does not sound appealing. We just have to wait and see. Plus our market area is soft.
sorry i didnt see i was limited to characters. my understanding on annuities is that you only pay tax on the money you take out of the account . would it still be labled capital gains and still be subject to tax any way?
After separating and before divorcing, my now ex-husband agreed through the court system to pay full rent to live at our house while I moved back home with my parents. That was fine with me b/c I couldn’t afford the note at the time and he could but he carelessly let the house slip into foreclosure b/c he got behind on the payments. Skipping ahead to the present, nobody lives there now and it’s been on the market but hasn’t been able to sell. It’s going to auction in 2 1/2 weeks with both of our names on the title but only mine on the mortgage so only I will be penalized if it auctions. Our last ditch effort is selling the house as is for the base price with no profit (which is fine by me) and we’ve started the process and will be able to meet the deadlines except now our only problem is getting him to sign the contract as well. He is very spiteful and we think he won’t do it. Any suggestions? I was thinking maybe a pay-off for him to do it but I am already broke as it is. Please help me with my bleak-looking future.
I purchased a 2 bdrm/2bath in late 2005 in DC. I put 10% down on the property and currently paying interest only on a 7 year ARM. Everyone knows the market is in a free fall and I will probably lose money if I sell right now. I have a 2 yr. old with another child on the way this year and the place is getting too small. My wife and I want to move to a bigger place. Should I continue paying interest only payments on a place that is losing money or wait out the real estate strorm and rent the unit? I will rent a bigger place for myself and family however, risk paying rent and mortgage if I have issues with a future tenant.
My ARM is fixed for 7 years. So my rate is locked until 2012.
Wanted to buy a new home (awesome deal, couldn’t pass up, $100,000 less than original asking price) we were currently trying to sell our other house we owned (no mortgage) so the bank talked us into a bridge loan for a year. We are having trouble selling the house and only have about 5 months to sell it before the bridge loan is up and we would have to take out another loan with a payment we can’t afford. Our loan officer told us we might have to foreclose and it would not hurt our new home because we are making the payments and are even ahead on the payments. We plan on staying at the new home and won’t be buying a new home anytime in the future. How will this affect our credit on other purchases? This is the last thing I want to happen is to fourclose.
Ok, I have been on a venture to become debt free, including mortgage, so that I can save up a huge downpayment and move to a nice, big house in a good neighborhood. I am about 2 weeks away from becoming credit card debt free. I have 2 cars, one is a very reliable Honda Civic that I only owe 4500 on, and I have a 07 Dodge Ram that I owe 17k on. I owe 115k on my house. If I were to sell the truck I would free up 17k in debt and nearly $400/mo in payments- and I would come out with probably $3000 cash after selling it (nearly enough to pay off the Civic). However, I love my truck and I would hate to part with it. Is it smarter to sell it now and try to become debt free as quickly as possible and just buy another truck that I love with cash in the future? I know becoming debt-free takes sacrifices, but is it worth selling my 4×4 in Colorado to become debt free first?
my fiance and i are a young couple with a 4 y/o son. We both work and still cant make ends meet. Because of the economy and lack of work in our community we need to sell our home and relocate. (if we stay in our small town we will loose everything, there isnt enough work anymore to keep all the bills paid.) my fiance was offered a great job far from where we live now, and we really need to take this opportunity in order to be able to have a financialy stabel future for ourselfs and our son. The only problem is we own a home that we need to sell. We would like to make a little profit so we can afford to pay off unpaid bills, have money to relocate, be able to put down deposits if we have to rent where we move, or down payment if we decide to buy another home. Our home has the ability to sell for much more than we paid, it just needs some repairs that would increase the value of our home tremendously. (Such as a huge inground pool in the back yard that doesnt work, it needs a little tile to look nice and a new pump to function) the yard needs landscaping, the outside needs painting and a few minor cosmetic repairs on the inside would TRANSFORM our home and increase the value. Is there any help for people like us? Loans are out of the question because we can hardly pay our bills now so our credit has really gone down hill. Besides that we wouldnt have the money to start paying the loan off until we sold the home, moved and got back on our feet. Who would give a young couple with bad credit a loan, and let us wait a year to start paying it back. *ANYWAY* Is there any advice anyone can give us. We are desperate. Are there any grants or anything that can help us in this situation. Please
I bought a house two years ago and my loan was through USDA Rural Development. Than time I was single mother with a son. Now I’m going to get married and move with my futhure husband to another state. But I have the house! I tried to sell without making any profit, absolutely for what I paid – market in our town is dead right now, nothing sells for year and more even for such money. I need somehow cover my loan payments. I thought to rent the house out. And here is problem too – I was told I cannot do this because loan was giving for residential property and if I will rent it out it will be commercial. I’m stuck with the house. I see only one way – just return the house to USDA and that’s all. I know this will ruin my excellent credit history. What else I can do? Anyway now I can’t get another mortgage with my future husband (we are moving in another state) having this loan payment. Did anybody have such problem? What I can do? Thank you for your help.
P.S. House in Lake City Florida
We have a house that we started buying 3 years ago we have now outgrown it but because of the drop in house prices the mortgage we have on it is now what its worth. We put it up for sale last august and it didn’t sell it has since dropped £15,000 in value we now can’t get another mortgage to buy our next house as the bank will only lend us 80% and we haven’t got the equity or the savings to put down a 20% deposit so we are wondering do we sell and rent and face the posibility of never owning our own home again because we need the space or do we stay in this house with no room because in 20 years we will own it? any ideas on what we should do we are really struggling and also worried that if the house prices drop much further the house won’t even be worth what we are paying for it anyway? I know so many people are in worse positions than us and I am grateful we have a roof over our head but we are just trying to do whats best to avoid being in a worse position in the future ie making mortgage payments on a house thats worth half of the value. Another thing we are worried about is that I work for HBOS so I could potentially loose my job at any moment and my husband works for a company contracted by ford so he is also in the position were he could loose his job at any moment so we think we might be safer to rent as we could get help with the rent if we lost our jobs. Any advice would be much apreciated?
I’m selling my item on craigslist. Notice I’m kinda afraid of spam .. give me your opinion about fraud buyer? btw, which location is safe to meet face to face because I’m selling for local pick up. No shipping. And what payment should i accept? check, paypal or cash? also what i need to do to avoid in future return/exchange/refund? tell me please, i’m new to this