All categories

1 year ago

What is the first thing a lender might do if a borrower is late with a payment?

Business

1 answer:

Alja [10]1 year ago

5 0

Explanation:

<u>For starters, your lender may charge you late fees. If you continue to miss payments, the lender may ultimately declare your mortgage to be in default and begin foreclosure proceedings to take your home away from you and sell it.</u>

You might be interested in

With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad sl

aniked [119]

Answer:

bggggggggggdgfdfgfghghkj

Explanation:

5 0

3 years ago

Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s

Marta_Voda [28]

Answer:

Ordinary income of $6,000; Capital gain of $18,000

Explanation:

Calculation to determine the amount and character of his gain

First step is to calculate the The total gain on the sale of his partnership

Using this formula

Total gain on the sale of his partnership = ( Cash + Relief of his share of liabilities -Basis )

Let plug in the formula

Total gain on the sale of his partnership=$28,000+$15,000+$19,000

Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

The UNREALIZED RECEIVABLES amount of $6,000 will be the ORDINARY INCOME while the remaining amount of $18,000 Calculated as ($24,000-$6,000) will be the CAPITAL GAIN.

Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0

3 years ago

What is the safest way to dispose of old bank account statements?

zheka24 [161]

Soaking the documents in water after tearing them up words well, burning them is less safe, but is the safest for your records, always tear or shred them no matter what

7 0

3 years ago

After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e

madam [21]

Answer:

18.60%

Explanation:

Total labor force = $8 million + $35 million = $43 million

Unemployment Rate = (Unemployed/Labor force)*100

Unemployment Rate = $8 million/$43 million * 100

Unemployment Rate = 0.1860465 * 100

Unemployment Rate = 18.60%

5 0

3 years ago

With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos

timofeeve [1]

Answer:

A buyer in the ordinary course of business who purchased the goods from a merchant

Explanation:

In finance, perfected security interest is an interest in a property that prevents other party from having claims on it legally.

It should be noted that With regard to a prior perfected security interest in goods for which a financing statement has been filed, the parties is most likely to have a superior interest in the same collateral is buyer in the ordinary course of business who purchased the goods from a merchant.

8 0

3 years ago