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Mortgage Professor about benefits owning multi family house: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
How Do You Divide a Two-Family House Financially?
July 23, 2001 "My family is looking to buy a two family house for $200,000 with another family. We have no cash but the other family will put 20% ($40,000) down for both of us. How do we divide up the mortgage payment and the ownership shares ... more... Are House Seller Contributions Kosher? July 10, 2000 ?I offered $289K for a house but was not able to make a down payment. The seller?s realtor told me that so long as I could pay all the closing costs, they would find a way to contribute 5% toward a down payment. When we sat down to sign the ... more... |
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benefits owning multi family house related definitions |
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Homestead
Homestead Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting homestead ... more... Homestead Exemption Homestead Exemption Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting ... more... |
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