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Frequently Asked Questions

What is a Bank Owned Property?

Seized Luxury Homes is Most Trusted Resource for Surplus, Se...
Real estate tips from Kathy Bertani of RE/MAX. Information is provided by "It's Time to Move Up", the real estate resource for consumers who want their questions answers in ways they can understand.

What about jointly owned property?

Easierwills
Many people don't realise that if they own property (i.e. land/buildings jointly with someone else as "joint tenants" (e.g. most married couples own jointly owned property as joint tenants) then their "share" of that property automatically passes to the other person upon death and does not form part of his or her estate. There is therefore no need to make any mention of that "share" of a property in a Will nor any purpose in doing so.

If I have never owned an investment property, what should I do first?

Baltimore Cash Flow Rentals: Rehabs, Resales, Investment Ren...
Prior to any investment we recommend a conference with our principals, Mr. Fell and Mr. Hearn. Please see our Services for more details about this no-obligation learning experience.

What if the property is owned by a trust?

Reverse Mortgages | Harbor Mortgage
The trust documents must be reviewed and approved. A living or revocable trust will usually be accepted. However, an irrevocable trust may not be acceptable. The key is to have the trust documents reviewed at the outset.

What is the insurance coverage for missing, stolen, or damaged owned or non-owned property?

Princeton University - Office of Risk Management - Frequentl...
The University's Property Insurance coverage responds to the loss of all owned or non-owned property in the care, custody or control of Princeton University. A deductible of $1,000 may be charged back to departments depending upon the nature of the loss. Insurance reimbursement for losses of owned property is made on a repair/replacement basis.

What happens to the property that each spouse owned before the marriage?

Hastings and Estreicher, P.A. - FAQs
The property that each spouse owned before the marriage, as well as any property given to or inherited by one spouse during the marriage (unless it has been co-mingled or gifted to the other spouse) usually remains that spouse's separate property. If non-marital property is not kept separate from marital property, it may lose its non-marital characterization and become subject to division.

Q12. What about homestead for property owned by a trust?

Homestead FAQ - Property Records & Taxation - Anoka Coun...
Certain trusts can qualify for homestead. A Certificate of Trust must be completed and approved by the County Assessor, or the Trust must be provided for the Assessor 's review. Call Anoka County Assessment Services for further information at 763-323-5475.

Can a person recover damages for injuries sustained on someone else's property?

Frequently Asked Questions
owner of property has a duty to protect members of the public from injury that may occur upon the property. The injured person may be able to recover money for those injuries if he or she can prove that the property owner failed to meet that duty. The hurdle plaintiffs face is that the nature and extent of the property owner's duty will vary depending upon the facts of the situation and the jurisdiction in question.

Since property is state-owned is another conveyance necessary to transfer the property?

Agency Lands - FAQs
Yes if a legal transfer is desired. In some cases a perpetual easement can be granted so that the land will revert to the original agency if the parcel ceases to be used for the purpose granted in the easement.

Q 21. Is it possible to exchange my property for property owned by a relative?

Pacific Financial Exchange 1031 FAQ
A 21. Related party transactions are being scrutinized by IRS under SEC. 1031 (P), TM 9748006 - 08/25/97 IRS is concerned with abuse of basis. Until we receive further information on related party transfers we are advising against them. IRS appears to be determined to audit all exchanges between related parties.

Does the U.S. tax the income of a foreign corporation that is owned by a U.S. person?

Outgoing Investment
The U.S. does not tax income earned by a foreign corporation that is owned by a U.S. person until the earnings are repatriated to United States shareholders. The Code provides various exceptions to this general deferral rule, however, such as the subpart F rules for controlled foreign corporations (CFCs).

How do I get assistance in getting repairs made to a house that is owned by a low-income person?

FAQs
We are a private (not government) nonprofit organization that works on housing and community development issues. We do not make loans or grants to help people repair their homes. Resources to help owners repair low-income housing may be available from private lenders, and the local, state, or federal government. To find resources in your area you will need to contact your local banks as well as your city and county government offices.

Can a person recover damages for injuries sustained on someone else's property?

Philadelphia Legal Information Ardmore Attorneys Main Line L...
owner of property has a duty to protect members of the public from injury that may occur upon the property. The injured person may be able to recover money for those injuries if he or she can prove that the property owner failed to meet that duty. The hurdle plaintiffs face is that the nature and extent of the property owner's duty will vary depending upon the facts of the situation and the jurisdiction in question.

Are the prices per person or per property?

Frequently Asked Questions
The prices mentioned on the site are per property and not on the number of people; however the number of people staying is STRICTLY restricted to the numbers mentioned during your booking request, provided they are within the limit allowed by the advertiser.

Can More Than One Property Be Advertised By The Same Person?

Online house sales, UK houses for sale online, selling onlin...
Yes. Once an account is activated and you have entered the details of your property for sale into the database, you simply upload it to the site. At that point you will be charged the appropriate fee of £10 (£8.51 plus VAT) or £25 (£21.28 plus VAT), depending on the service that you require. Using the same account, you can then enter the details of another property and you will be charged for that property when you upload it.

Are the rates per property or per person?

FAQs
The rates are calculated per property subject to the maximum occupancy and are in British pounds sterling.

Is your property suitable for a disabled person?

JOLLIES.net Rent Apartment Costa Blanca, Holidays Rentals Co...
Not really unfortunately - though my own disabled mother does manage quite well by sleeping on the main house sofa bed in the lounge. This gives her easy access to the shower room on the same level. There are 7 steep steps up to the front door of the main house. Internally there are many steps in the main house if you want access to the bedroom level, bedroom terrace and to the roof terrace.

Can I sue the person who owns the property?

Construction Accident FAQs : Garrett Law Office, P.C.
This depends on the amount of authority over the work that the property owner exercised, and the amount of control he or she had over the property itself when the injury occurred. The property owner may be liable for some or all of your injuries.

What are the Tax Exemptions on Real Property owned by Veterans?

The eligible funds veterans' real property tax exemption provides a partial exemption where property owned by a veteran has been purchased with pension, bonus, or insurance monies. Another exemption, known as the alternative veterans' exemption is available only for residential property of war veterans. Each county, city, town and village decides on the amount of maximum exemption.
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