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Zanzabum
3 years ago
5

What is a homestead exemption?

Business
1 answer:
Katarina [22]3 years ago
6 0

The answer is <u>"equity in a home that a debtor is permitted to retain".</u>


A homestead exemption shields the estimation of a home from property expenses and lenders following the demise of a mortgage holder life partner. A homestead exemption can be found in state resolutions and sacred arrangements over the U.S. also, is a programmed advantage in a few states. In states where the estate insurance isn't programmed, mortgage holders must document a case which must be re-recorded while moving main living places

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Answer:

O C. Production

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Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.

Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.

7 0
3 years ago
Elegance Inc. is a large cosmetics company that made an initial small investment in a start-up company, Peace Planet, which was
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B. real-options perspective.

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4 years ago
Historically foreclosure was a last resort for individuals that own homes. However, in some states people can voluntarily give u
Elena-2011 [213]
Hello, yes it's actually common for people to give up their home to avoid further payment only if their lender agrees and allows that to happen. But of course, the remaining balance (the difference of the house value and what's left of the mortgage) must be paid. Walking away from an underwater mortgage can seriously affect that person's financial future and by extent his/her relationship with the community. His/Her credit score will go down with this, it may be difficult for him/her to qualify for another mortgage in the future. Another reason is that - in most states, it is completely legal for lenders to go after the difference (deficiency) because technically they own that and have rights to it.
5 0
3 years ago
You run a manufacturing facility that makes roller skates. Fixed monthly cost is $50,000 in mortgage, $3,000 per employee on ave
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At producing 14,286 skates

Explanation:

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Which of the following would an economist most likely classify as a need?
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