Mortgage Funding Usa
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Jon Said:
Is this mortgage bailout simply the government using more of our funds to clean up their mess?We Answered:
You have explained it very accurately.Your few words are what the media has filled up pages and pages of newspapers trying to say.
Ian Said:
Mortgage Bailout Tax -- Would One Be Appropriate?We Answered:
Given that the government decided to completely bail out wall street with billions of taxpayers dollars today, a mortgage bail out tax could be the least they could do. After all, what they've done is given all the wealthy people the money back that they lost in the market dive. It would be nice if they remember all the millions of people who lost their jobs and homes and all the homes that are still in foreclosure. And if one crack pot Republican gives me the bull that people went in over their heads, I'll put a voodoo spell on you. They were swindled by corrupt mortgage brokers and banks who fooled them into believing they could afford something they couldn't, all for a buck.Jesus Said:
If Wall St. Bankers and Mortgage People started getting Off'd How Would Most People React?We Answered:
I can't imagine too many people caring what happens to them. Considering the number of people who's lives were ruined, times the years of hardship for each ripped-off person.They are scumbags. The entire system of slobbering greedy capitalists are trash.
Each person on earth is equal. Those that steal & even destroy life in order to make astronomical amounts of money.. while millions of people around the world starve & live in deplorable conditions.. they should at the very least, serve as slave labor for the rest of their lives, serving the needs of the needy.
Nothing really ever changes.. the same old same old.. s**t... different day.. month.. century.. etc,etc. The pyramid system.. the few at the top supported by the teeming masses below. Hustled & conned from birth - onward.. taught to obey & work & die in wars.. never ending wars...
Misty Said:
How are factory built homes financed in the USA / other countries?We Answered:
I have been in the mortgage industry for 10 years in the US, and I lived in the northeast where a ton of modular construction was done, and is commonplace now, and many of the homes are treated as "stick-built" quality.I specialized in construction loans, and the banks I used for modular construction were more suited for this. They would not release the funds to the custiomer - ever - but they would to the builder, based on the lender sending someone to ensure that the construction was in process, and being completed as scheduled.
However, they would only release a maximum of 40% of the funds until the home was physically dropped on the slab, and put together, when they would pay the remaining amount to the builder upon it passing final inspection, and final sign off by the homebuyer.
These homes though, are not considered trailers, though, but do have a stigma associated with them in certain parts of the country.
Morris Said:
Why should I pay someone else's mortgage?We Answered:
Because the socialists says so.Lawrence Said:
Is this where my interest dollars are going? Are the banks charging me mortgage interest....?We Answered:
As long as we have Democrats and Republicans,it's a losing battle for the middle class. How do they expect anyone to save when gas is $3:30 per gallon. They just increase my real estate tax $1200 per year. I'm 63 and I remember gas was only .14c per gallon. The movies were $1.00. When I got my first job in '66, I made $80.00 per week and lived like a king. Sorry if I got carried away.Janice Said:
I sold a property in Europe, do I owe taxes here in the USA?We Answered:
You betcha! US citizens and residents are taxed on their world wide income from all sources.Foreign real estate transactions are no different from domestic ones. They qualify for the exclusion on the gain if you lived in it as a principal residence for 2 of the 5 years immediately prior to the sale. Any gain not excludable under that rule is taxed as any capital gain based upon how long you owned the property.