Hot answers tagged

10

Laws vary by country/region, but typically the title dictates who owns the car. A co-signer is lending their good name/credit score to help secure financing. They are obligated to pay but generally have no ownership rights unless they are also on the title. This is true in Texas, a co-signer has no legal rights to the car. So, if your girlfriend is the only ...


3

A bonus is taxed by the IRS as ordinary income. And so is this payment for moving expenses. Sometimes they allow you to decide if you want it tacked onto a regular check or as a separate check. When done separately it is withheld at a flat rate. That flat rate is currently at 22%. If it is done as part of a regular check it will cause a significantly ...


3

First, I would contact the tax assessor's office in his county to see if he qualifies for a property tax exemption (due to his age/ability to pay). Sounds like Texas does have a property tax assistance program that may be helpful, and they might collect from estate after death. If the tax must be paid or you want to ensure you get paid back for other times ...


2

While I agree with Bob's answer, (how could I not, it was his experience) I think the best thing you can do is talk to a few banks. A local one, that keeps its mortgages in its own portfolio. Not one that just writes loans and immediately sells them to be repackaged into mortgage pools for investors. Be upfront with the bank, and give them all the details. ...


2

Don't rely on anything the seller or their real estate agent say. If they are wrong they will claim later that you misunderstood, or they gave you what they thought was accurate information. You need somebody experienced with the local land market who can advise you on cost, documentation, and understanding what building or use requirements exist. They can ...


1

In the state of Texas, much of the information you want will be available from the local tax assessor/collector's web site for the specific county. It's usually an easy Google search. For instance, in Harris County, it's http://www.hcad.org and in Fort Bend County, it would be http://www.fbcad.org. It would be unfortunate if you were to end up with a ...


1

Many, many moons ago when homes were far, far cheaper, I was faced with a mildly similar situation except I had the cash and the good credit score. My partner couldn't get a loan for 1/2 the mortgage. The bank only offered absurd conditions which I would have no part of. There was no good solution so I bought the house for cash. My partner and I worked ...


1

I can't give tax advice and you should speak with a tax professional. You may also want to work with a financial planner to review your overall financial situation (particularly if you have unrealized losses in other investments). You may find the following information from the California Franchise Tax Board website useful: "The gain or loss from the sale ...


Only top voted, non community-wiki answers of a minimum length are eligible