Question about VOE form on Gross earnings?
This is what it the chart looks like http://tinypic.com/r/mrpdzr/8 My question is idk what to fill in? I get paid monthly $4100 and no overtime, comission or all that. so what do i put down? please help!
In Real Estate what are VOE's & VOM's?
VOES are good. VOMS are bad. NEVER let them mix!!! You'll have a huge mess on your hands. SploocH!
What makes Patturaikkal the better city in Thrissur for real estate investment?
Thrissur is blessed to have reputed and leading real estate builders/developers in the city, the most prominent among them being “Elite Group”. Out of the various projects of Elite Group, “Elite Insignia” is a well-conceived and meticulously planned residential project in Patturaikal thus making it one of the most favourite destination of real estate investors. It is conveniently located and has close proximity to Aswini Hospital and Devamatha school. The apartments are classic examples of luxury at its best with only four apartments per floor. The amenities offered are world-class thus making life enjoyable with unparalleled lifestyle. Another attraction of Elite Insignia is that out of 32 apartments, 6 are world penthouse properties on the upper floor. These 3 BHK apartments comes with rooftop gardens, a terrace infinity pool, gym, multi-purpose court, landscaped gardens and lawns etc. For details, please visit: https://www.elitedevelopers.co.i...
How often does mortgage Financing fall through when you are already pre-approved?
DO NOT PAYOFF YOUR CREDIT CARDS. This can jeopardize your reserves needed as well as your cash to close. If you pay off these debts when you don't have to, all your doing is cutting off your nose to spite your face. Within 5 days of your scheduled closing, the lender will or should do a verbal VOE - this insures you and if you have a co-applicant still have a job. During this time, closing docs will start to be drawn, the LO will receive a HUD-1 for approval and the title company will be producing documents to go to the attorneys for review and your loan will undergo a HERA test. The test for HERA will check to make sure that the APR on your loan has not moved more than .125% on a fixed rate or .25% on an adjustable rate. If your loan passes HERA, you can proceed. If your loan does not pass HERA, the LO will most likely have to redisclose the GFE and the TIL to you and it will be an additional 3 working days before you can close. Do not be surprised if they also request a full summary of assets(bank statements, stocks & bonds statements) to the present day - it depends on how you said you were going to be sourcing the funds to close your loan. If you do not have sufficient funds, they will shut the entire process down there and you will be dead in the water.
How does a stripper verify her income when trying to rent a house?
Ask the manager to write a letter, verifying that she is an independent contractor and makes X amount per week. Bank statements to prove deposits. This alone doesn't work with most landlords. Offer to pay three months advanced rent. Tell the landlord she is a bartender or waitress, and works solely off of tips. Have someone trustworthy co-sign the lease. If the above doesn't work, find privately owned property to rent. The owner may be much more flexible, and bank statements would probably be accepted. Also, if she is not accurately reporting her income, keep in mind that leasing will create a paper trail that her taxes may not be able to support.
What are some affordable mild weather places to retire in the US?
I’m predicting East TN will become a popular retirement area and is, at this point, very affordable (relatively speaking). The Southern Appalachians are beautiful and the weather is generally very mild. I’m from East TN, but live about 90 miles away in Western North Carolina. Western NC used to be the affordable, mild weather retirement paradise. Now it is the rich people’s mild weather retirement paradise. Newer retirees are moving further away from the epicenter in Asheville, NC and closer and closer to the TN line as real estate prices climb.My father-in-law said he saw an add in AARP advertising TN’s lack of a state income tax and affordable housing prices. Apparently, TN is hoping to cash in on the retirement industry. Although it is only fair to note that the sales tax is high. There is no getting away from taxes.I feel traitorous answering this question, to be honest. I have seen so many locals pushed out of the housing market here in NC. However, with the demise of factory jobs that I don’t see returning, someone needs to create jobs. Retirees aren’t the best option, economically speaking, but they do create service industry and healthcare jobs. A few even have second careers starting a small business out of a hobby or long time dream.Things change, people move, culture evolves… I’ve come to accept it.
How does the bank verify that I can pay my employee his salary for the "verification of employment" on his mortgage application?
Just to keep it real, if one of my business clients came to me and the predicate of their question was whether they may have to prove what they say to a bank under penalty of perjury is truthful, we would go to the woodshed had have a very long talk.You seem to be saying that this individual is not an employee of yours at the time of completing a Verification of Employment, but that you anticipate him being employed by you at sometime in the future. Do I have that right? His two years of prior work experience, really is not relevant to the bank’s needs unless it was paid employment (although the failure to pay him may also be problematic under state and Federal wage and hour laws).The Bank will be requiring tax returns and W2s from him that will show both his earning history and his recent earnings. What you seem to be saying is that you have an intention and not a legal obligation and possibly not a current financial ability to hire him sometime in the future. I suppose you can say all of that, but itis unlikely that would be of much help on his application. It does have the advantage of being accurate.If he accurately reveals his actual wage history and the fact that he is not currently employed, it is doubtful that you can gild that drooping financial lilly and I would not try. This is likely an FHA (Federally guaranteed loan) and if something goes wrong that it when the lender starts looking more carefully at its basis for granting the loan. It would not be good for your company if you were later found to have provided inaccurate information. It would be a good idea of you don’t base your decision on Quora, and instead turn to your company lawyer and possibly the investor you’re waiting on.