Land Bank Advise

Why do i still have my mexico tourist visa?

2011-02-05T22:03:00.001-08:00

Im a UK citizen travelling the world at the moment. Arrived in mexico via land border at Guatemala and was given a tourist visa being told to pay at the bank before i left the country. Travelled up through Mexico, paid at the bank and left Mexico via Tijuana land border. Didnt see any Mexico immigration there, just seemed to head straight to US border and got back to USA. Now I have no stamp that shows I've exited mexico and still have the visa!! Is this a problem?

Not really a problem. This happens all the time. If you plan to return to Mexico some day and are concerned you can turn your FMT in at a consulate.

It's not a big problem. If it is a big problem for you, then you can go to the nearest Mexican Consulate.

Purchasing land in the u.k?

2011-02-05T10:03:00.001-08:00

I think you would be hard pushed to get a 70% loan to value mortgage on land without an actually property on it. 200k for 3 acres sounds very steep to me, for what is likely to be just grazing land??? what are the out buildings like? typically grazing land in england is about 5k per acre.

Land is always a good investment. He who owns the land makes all the money. That is what developers do all the time. However purchasing land is a lot different than purchasing a building. There will be some parameters involved and the bank will primarily be asking what you plan on doing with the land.

Getting mortgage/loan depends on whether you can get planning permission (with/out appeals) to make intended changes on the unspecified location/site. Consult lawyers, chartered surveyors and architects.

I have 8 acres land in iruvaram (v&p) near srinivasa distilars chittoor. father heart problem need loan?

2011-02-04T22:03:00.001-08:00

I need to do heart operation for father want loan upon my land. Please give me any advice where i get in which bank. Now i don't have any brothers and systers. I am single please give me reply.

just go to your local bank ask for a loan use your land for collateral. that should be all you need to do. Hope your dad feels better soon

Should I apply as a bank teller (looking to get into bank sales)?

2011-02-04T10:03:00.001-08:00

I've been working as an independent insurance agent for the last year and a half and currently exploring other jobs in sales. I had a fantastic interview for a bank sales position, but was beat out! If I were to land a job at a bank, I'd like it to lead to a sponsorship for a securities license in the future. But in order to have an advantage, would it be better to start at the bottom or work my way up? Will recruiters even wanna *look* at my resume? In addition to my sales experience, I've got a degree in geography (a few years work in a related field to my degree) and retail experience in college. What do you advise?

The bigger banks REQUIRE the tellers to do sales. If you're good at it there's a high chance of advancement. I personally don't like the don't like the politics that go with banking but everyone is different.

When the bank forecloses on your property do they look at your other properties that are still worth value?

2011-02-03T22:03:00.001-08:00

I currently own a house along with my parents, since the deed was signed in 06, they have not allowed me to rent it out or live in the house. I wanted to rent it out splitting the rent 1,000 to them and 500 per month to myself. But they said that when they rent it out they will collect all of the rent on not give me my share. I was mortified, and I also found out about an equity loan they took out on the property in 05, which they did not disclose to me when I signed the deed. Now they say I'm going to pay, and receive nothing from them ever. I'm thinking they are going to let the bank foreclose on that 200k loan and I will get nothing, (the house was suppose to be my inheritance/future). They financed and gave my brother a 4000sq ft new home along with 8 acres. I got 1/3 of a house that sits empty due to their selfishness and greed. Can they foreclose on the property if my parents own other houses and land? Doesn't the bank consider their income/assets before doing so? I need help!

Contact a real estate attorney immediately. This is a serious problem and requires professional help.

Depending on the state,Foreclosure occurs at different rates of time.As far as I know foreclosures occur only on the property used to secure the debt.Foreclosure occurs only if the debt is not being paid.Check out your state laws on the web to see how much time you have and wiggle room you have.If your name is on the deed maybe you can sell.

No, the banks do not look at other assets and income when foreclosing. They look at one thing - is the mortgage getting paid, and are the owners living up to the terms of the mortgage contract?

Sounds like you have a lawsuit, especially if you are on the mortgage. Do you have any money in the property? If you are not on the mortgage, and have no money in the property, then I would let move on from this unhealthy situation.

Should I use a business plan, or proposal format when asking a lender for money?

2011-02-03T10:03:00.001-08:00

I need to request money from a lending company, to build property. However, I also need to build and establish my credit with a bank. I've already brought the land with my own money. If the lending company decides to give me a loan. I would then put that money in a CD to gain interest and credit, while continuing to use my own money to finish building my property. Which letter format would I use to make this request and what should the letter contain?

1) Business plan

2) Projected cashflow

3) references, business and personal

4) Remember to try several banks, and if they did not approve, ASK WHY.

---

Kasey C, PC guru since Apple II days

Computers: pen for people who have bad handwriting.

Definitely a business plan. But bear in mind that the lender will have stipulations on use of funds so you will need to use the money for the specific purpose that you are requesting it. Placing it on a CD does not qualify. In fact you will be getting a lower rate of interest on the CD than the higher loan interest. Good luck.

Why do people think the Palestinians deserve the West Bank?

2011-02-02T22:40:00.000-08:00

Why do people think the Palestinians deserve the West Bank?

In 1947 the UN proposed splitting mandate lands between a Jewish state and a second Arab state. The Arabs refused the plan. 1948 Jordan and Egypt attacked Israel and took parts of the mandate lands. Jordan captured the West Bank, and Egypt Captured Gaza. Jordan, Egypt and Israel all gained territory according to the 1949 armistice line. In 1967 Egypt and Jordan attacked Israel again and lost the West Bank and Gaza to Israel who took control of both. Now where the heck did the Palestinians come from? Israel won a war and took back Jordanian and Egyptian land, not Palestinian. The majority of the folks claiming to be Palestinian are Jordanians and Egyptians who lost their citizenship when those countries cut ties and renounced all claim to the territories in the 1980â™s. Why then should Israel magically grant these former Jordanians and Egyptians their own state? It doesnâ™t make any sense.

http://www.passia.org/palestine_facts/MAPS/1947-un-partition-plan-reso.html

they don't deserve anything Israel won that land fair and square. If the tables were turned and Israel lost do you think they would give Israel any land?

Because of historical reasons.

This map âœFirst Jewish colony in Palestine, 1878â http://www.passia.org/palestine_facts/MAPS/first_zionist_colony.htm

âœUnited Nations Partition Plan-UN Resolution 181, 1947 / Rhodes Armistice Line, 1949â http://www.passia.org/palestine_facts/MAPS/1947-un-partition-plan-reso.html

This offer âœProjection of the West Bank Final Status Map presented by Israel, Camp David, July 2000â http://www.passia.org/palestine_facts/MAPS/wbgs_campdavid.html

@ fear: wouldn't the wars post the Balfour Dec trump any language written in it? The Pals are (trying to) engage in another war to take it back. Israel is just defending their lands won in the 60s. The thing with global society now is that it is frowned upon to wage war for land gains. That mindset was thankfully ingrained into the global mind courtesy of Germany's two attempts at word domination.

Well listen genius, the Palestinians deserve that land because they have lived there for thousands of years. Germany was the country that persecuted us not Palestine so let's carve out a spot to make settlements in Germany. The Palestinians gave us a place to stay and in turn we kick them out. Do you think Mexicans should do that to Americans?

The whole land was theirs in the first place. They do not only deserve the west bank, but the whole country itself. Israel is a cruel nation that seeps to levels of ethnic cleansing to get what they want.

they were their way before the European jewish people OK,they got their @ss kick...but even the AMERICAN Indian got some land....and do it for peace sake !!!!! all of the sh!t going on in that part of the world is because of this...

Agree with True Jew - beautiful answer.

Agreed Poncie, and as you no doubt know a significant number of ultra-orthodox Jews are amongst the greatest Jewish champions of justice for Palestinians and are extremely anti-zionist.

Well you know it's always tricky when you create a new country by force. Somebody's bound to be unhappy.

might want to look into the balfour declaration and the rothschils

History

Well, Kin, I think the word "magically" ought to be used a bit more carefully, since the state of Israel came into existence through a UN Resolution in the late 1940's. Ought that to be considered magical as well, since many European and American Jews who subsequently migrated to Israel had no relationship or connection to the region? It's dangerous to throw around words like "deserve"...

But let's leave that aside for a moment. If you accept the legitimacy of that 1947 resolution, then you've answered your own question. For it was that same act of the UN that established the Gaza Strip as a region set aside expressly for the Palestinians. Moreover, as you yourself note, the West Bank was set aside for an Arab state. How do the actions of Jordan and Egypt, who as you point out are not Palestinians, figure into this equation? If they chose not to accept the state of Israel, that has no bearing on Palestinian action, does it? In fact, many Palestinians left the West Bank after 1967 as refugees in a war that they had no control or say over.

If you want to blame other countries for attacking Israel, I think you have a lot of reason for doing so. But if Palestinians are not Egyptians and are not Jordanians, then you need to rethink the nature of the question you are asking and recognize its inherent flaws.

Cheers.

ADDITIONAL NOTE:

I think you are laboring under a couple of misconceptions. First, I did not state that the same resolution established a Palestinian state, but that the mandate for Gaza being set aside for the eventual establishment of a Palestinian state.

Second, I did not suggest that of the West Bank, either. I agreed that it was set aside for the establishment of an Arab state. I did not specify what kind of state. It's true that Jordanians are not Palestinians, but both are Arab.

Third, these territories were absorbed into Egypt and Jordan respectively AFTER the war of 1948, not as a result any UN resolution. The political aftermath of that war, as well as those of '67 and '73, did not make the land acquired by Israel anymore Israel's than it did Egypt or Jordan's in previous wars.

Fourth, your comment that "Israel is not obligated to give away land just because the loser of the war demands it" would apply to Jordan and Egypt, not the Palestinians. Your attempt to blend these distinctions is problematic at best, mendacious at worst.

Fifth, the establishment of Jordan by the British in 1923 has no bearing on the discussion. You were talking about the establishment of a Palestinian state with regards to the establishment of Israel. Moreover, even if I were to accept your reasoning, it has little merit. The numbers of Jews living in what would become Jordan aside, there were also many Palestinians in what would become Israel. Moreover, the period since Israel's founding has seen the mass emigration of Jews in Europe and the Americas to the region, who had no connection to the land at all.

Finally, I would be careful if you wish to argue that "at worst they reverted back to their pre-1948 status as unallocated mandate lands, which were never Palestinian to begin with." One can easily make that comment about Israel pre-1947. You might want to think about this differently.

Cheers.

well, as i understand it 99% of Palestinians could prove title to their homes and land. However Israel regards those who fled in 1948 as having abandoned them, so they were now free to be given to anyone claiming to be a Jew. Have been told that there are teams of researchers who examine every deed to each Arab house in East Jerusalem. if they can find anyone who's ever owned it, even if it was only for a few years back in the 19the century who could be jewish then that property is declared to be a jewish one and action is taken to evict the present day owners. I know its illegal and illogical but legality and logic are not often found with orthodox Jews.

Palestine was not the instigator in those wars. And do you not think that if Jordan, Egypt and Syria took over the entirety of Israel, the US would let that slide? The reason these things happen is that no one is batting for Palestine. We have lumped them together with all of the other "Arab Terrorists". Except the Saudi's. Because they have money and oil. Just like the Allies gave the countries of Europe back after WW2, the Palestinians deserve some sovereignty in their native country. Their people have lived in Israel a lot longer than the European Jews. Might doesn't make right. That would give the US the right to invade all sorts of countries for no reason. Israel is backlashing for their own oppression. Somehow, Israel needs to realize, along with Palestine, that peace and cooperation is needed for their continued survival.

I don't think they understand what is going on, but are merely echoing the anti-Semitic posture of the Obama admin.

Do I have to pay taxes on the money that I brought from another country?

2011-02-02T22:03:00.001-08:00

I have some cash that I brought from my home land; if I deposit that cash into my bank here in USA do I have to pay taxes on it?

Note: Iâ™m a US citizen.

no.

you pay income tax on money you get a w2 form on.

if you're in business for yourself, there is another mechanism that i've never had to deal with.

but you don't pay tax on money in the bank.

if it's a lot of money, the bank probably has to report it to the irs, or someone.

and you may get asked about it.

what you didn't say was how you acquired that money in your homeland.

if you worked there and earned it, that would be different.

My wife and I want to build a house. Who should we talk to first? (bank,builder...)?

2011-02-02T10:03:00.001-08:00

We own a condo now and would need to sell in order to build. Also, we've been looking for land but do not have a lot purchased yet.

Talk to the bank first, and find out what kind of budget you will be working with then find your land and a real estate agent to sell your condo look into finding a place to live in between the time the condo sells and the house is done then find a builder.Just don't tell him the whole amount you have in your budget because he will use all of it and trust me once y'all work out a budget extra costs will come up throughout the home building process and then you won't have the funds.Good luck!

You need a set of plans and the lot cost -to start anything, http://answers.yahoo.com/question/accuse_write?qid=20060611055508AAfW67I&kid=NbUvWDK_UTVTfIiAJwUF&s=comm&date=2006-06-27+02%3A34%3A38&.crumb=

Your best bet would be to talk to a bank first. That will give you an idea about how much financing you can get.

Get some quotes on land and the type of home you wish to build. Then talk to your banker about the funds.

Contact your local Home Builders Association. www.nahb.com

Good Luck!!!

We built our house over 3 years ago and learned in the process that like anything else there are many different routes that take you to the the same destination. Some give you more control but make it a full time job (buying land and contracting out) and others give you less control (buying from a builder who owns the land - our choice). Unless you have a lot of time to get the house done or don't have a job so you can spend hours per week on the project I would suggest buying from a builder who owns the land. If you decide to go this route spend a few weeks hunting down homes he has built and talking to the owners. Every builder has his weaknesses and the more you know the easier it is to manage. I can tell you from experience I would have saved myself a few headaches if I did this. I also know that I have saved a bunch of people headaches who have since had homes built by our builder.

go to city hall after you purchased the land and talk to one of the representatives to see what you should do on the land. you may also need to go to a builder and get the floor plans all ready before you go. after all that go to the bank. any bank, or multiple ones to see which one gives you the right rate.

need to talk to bank frist. To see how much $ approved for.

The home building process is a long and sometimes complicated journey. I would suggest going first to the bank to find out how much they would lend you, find your lot and consider looking at modular homes. Modular's can be custom made and can be set up on your lot in about two days after delivery. There are some very high quality modular home manufacturer's out there. This is modular (same as stick built in controlled environment), not manufactured which is higher quality trailer. You should also save about 15-20% over on-site stick built and your hair will still be intact.

Banker.You need to know how much of a loan you can qualify for before picking a house size,location,and builder.

Can I give out for Rent the first house which I financed through FHA Loan?

2011-02-01T22:03:00.001-08:00

Recently, I bought my first house in the U.S through FHA loan. The Bank told me that, since this is my first house and financed through FHA Loan, this should be my primary residence and it cannot be used for commercial purposes. Now that I want to move to another state, can I rent my house to somebody? If so, is this commercial, and will I land up in problem with the Bank or Government? Please someone advise me.

You asked this exact question yesterday and my answer is still the same. If you are found out, and you will be, you will face substantial penalties and will have to refinance, at commercial investment rates, within 30 days after the note is called due because you are out of compliance.

So, NO - you cannot do this.

If you received the $8000 tax credit, then it MUST be your primary residence for at least 3 years (I think it's 3). If you move out and rent it out and the government finds out then you will have to pay that back. Not sure if this is the same for the FHA loan situation though.

No you cannot. The FHA does not guarantee loans to buy income properties.

2011-02-01T10:03:00.000-08:00

For Bank Employees in Toronto!!!!?

2011-01-31T22:03:00.001-08:00

Hey everyone! this question is for current bank employees in Toronto (CIBC, TD, BMO, etc)

i have a small question. ive trying to land a job at a bank, as a teller or customer service representative. But no luck... i have over 5 yrs of experience in customer service. ive been applying online thorugh their careers sections, since thats how verybody else found a job....Any tips on how i can land an interview? i think i have a pretty good resume, so i dont see what the proble is , considering i ve seen high school kids work there, and imin college. is better to maybe apply in person? talk to a manager?

Any tips and advice please!

will be very appreciated

I can tell you exactly why banks aren't hiring you. And, if you thought about it...you would understand why too.

I will give you some hints...

What has been happening with the economy in the last 10-12 months?

How much money have the big four banks lost?

How many employees have the banks laid off since October?

That should give you your reason why you are not being called about a job at a bank. BECAUSE THERE ARE NO JOBS, THERE ARE ACTUALLY LESS JOBS.

If you would like to get into the financial/customer services industry Investors Group Financial Services is hiring right now. This is because of the substantial growth our company has seen in the past year.

Get back to me if you would like to set up an interview to learn more about becomming a financial consultant.

Jason.Reynolds@investorsgroup.com

How do i go about buying the land i am on they want 10.000?

2011-01-31T10:03:00.001-08:00

the deed to the land my trailer sits on is in the bank the peopele needs the money to pay off their bank. could we not just put the deed in our name and us pay their bank off then when its paid in full we can get the deed

If you are serious about purchasing the property, hire a lawyer to draw up the paperwork.

You will need to do this legally and with the proper documents prepared or you could lose your money.

Possibly, you and the sellers could go to the bank together and see if they will help you with this sale/mortgage assumption.

There is also paperwork involved with you assuming their mortgage. It has to be approved by the mortgage holder first or it is not going to be legal.

Check with an attorney or the ban first. Do not just write up a contract between you. Thie will not be legal and you could lose all your money.

You pay the bank, they transfer the deed to you.

You can't just "put" the deed in your name.

If you buy it from the current owners, it would require the bank's consent for you to assume the mortgage. Not too many mortgages are assumable, but even if the current mortgage does not specifie that it is assumable, the bank might agree.

If the bank agrees, then the current owner would need to give you a deed. Ideally you would also get title insurance. However, if the current owner has title insurance, then it would be fairly safe to assume his title is good. In that case he could give you a warranty deed or a quit claim deed.

What is the best business course that i should take that will help me land a degree in medicine?

2011-01-30T22:03:00.001-08:00

i need units in biology, chemistry, mathematics, physics and social sciences. my dad wants me to take up banking, but i really want to be a doctor... help please...

You know Elle, there are no best business courses that will help you land a degree in medicine.

I wonder why you ask this question?

Pursue the medicine studies. Take what you have to take. Study some business for background only. Don't get too involved in it in undergrad. Econ and maybe a finance course with an emphasis on investing. You could take accounting, but it's really a waste of time if your going to be a doctor, because nowadays, the stuff's all computerized, and does the accounting work for you.

If you want to know business, study it on your own. If you read the Wall Street Journal 3 times a week, you'll know all you need to know. And you don't have to study a lot of business classes to work at a bank either, especially for entry level positions. Just ask any banker. They will teach you what you need to know if you have some potential. Tell your father that if the medicine things falls through, you can always get a job at a bank.

Live your own life, and do your own thing, not your parents' thing.

Well if you are young and smart - you can do both.

MD, MBA - is a very powerful multidisciplinary career - you could specialize in hospital management/finance, biotech management/finance.

For the course of business the best bet would be to go by what YOU love to do - it will still be hard work - but you will have fun and passion for it.

If I were you I would consider Marketing. But there's also Finance / Management. (I would be the worst imaginable manager)

I don't know how your college works, but at my University you can be pre-med but major in anything you want. Being pre-med just means that you're taking the required courses to get into medical school. It's a curriculum that lasts your first 2 years, and you just take Chemistry, Bio, Physics and electives like English. But you can major in anything else because the last 2 years are free for whatever you want. If you really wanted to please your dad, you can major in Business or Banking and still do Pre-Med.

There is none! but I agree with Naturalway48 - MBBS & MBA are such strong a combination.... But I suggest you follow your heart and go to do med. science does not mix with business course subjects! So options are 1. face facts and chose between, 2. follow your heart and do med, 3. if you are clever do both! good luck.

What is the best business course that i should take that will help me land a degree in medicine?

2011-01-30T10:03:00.001-08:00

i need units in biology, chemistry, mathematics, physics and social sciences. my dad wants me to take up banking, but i really want to be a doctor... help please...

well y dont u try MBA after MBBS

How old are you? You obviously need to re-think some issues with what you would like to do with your life ( like actually figuring out what classes you need and the process of getting your first degrees and becoming a grad before you apply to medical school). By the way statistics would mostly likely fill that.

Is this a question..? You want to be a doctor then be a doctor. But banking will bring a lot of money though.

Follow your dreams, your father is not the one who has to live this life. If you have to take a business course, I'd go for one to do with business law. It's good to know a bit about the legal system if you ever want to start your own practice.

Israel states it wants peace but they allow 280,000 illegal settlers to move into the West Bank ?

2011-01-29T22:03:00.001-08:00

http://www.cbsnews.com/video/watch/?id=4752349n

Where Israeli troops can take over a Palestinian home on a daily basis for "surveillance" Where roads are for Israelis only ?Where travel to their own capitol is forbidden. Is this the way to peace ? And all this on land which Israel states it has "given" to the Palestinian people. Israel are playing a game of heads I win tails you lose

to how _wow. If you actually go to the West Bank the Israeli settlers write Gas the Palestinians. The Zionists are a bunch of thieves and murderers. It goes hand in hand. The Israelis hate the Palestinians just as much as the Palestinians hate the Israelis. But the Palestinians have a way better reason for hating them, stealing your land, home, putting you in a giant concentration camp with no electricity, running water, proper sewage system. To them Palestinians are dogs and they don't even deserve to live. Its sickening. Israel is an apartheid state like Jimmy Carter and Nelson Mandela says. The US media is controlled by AIPAC and other Jewish lobbyists. And they control the movie biz too by appearing every damn movie about the Holocaust to have the American people feel sorry for the people in Israel when we should be feeling sorry for the Palestinians whose lives were destroyed by these thieves and murderers.

They're being cautious. This is a war fought in hostile territory, via guerrilla warfare. It's nothing the U.S. hasn't done, I would know... I know my countries history. :P

If they don't let up after the fighting lessens, then I'd be worried.

As opposed to "KILL EVERY JEW" that the Palestinians are chanting every time you turn around?

How do I buy a property in bank auctions in India?

2011-01-29T10:03:00.001-08:00

I was the highest bidder of an auction for a residential land held by an Indian bank. As per the bank they will issue me the certificate of sale upon the full payment of the purchase price.

Is certificate of payment enough to register the land in my name?

Do I have to give the registration papers of the previous owner to the Registrar?

Can there be any legal complication even if the land is vacant and the bank followed all the procedures under the SARFAESI act in order to auction off the property?

What are my options if I have registered the land in my name and the previous owner or someone else claims the ownership of the land.

Once you fulfilled the obligations of the conditions of auction/tender, the authorized officer of the bank will come and execute the sale deed in your favour in the registrar office. He will also deliver the original title deeds of the previous owner.

But the sale is subject to challenge by the previous owner in the court for the deficiencies or lapses on the part of the bank in various forums including Supreme Court. If the previous owner wins, you will have to vacate and get back the money from the bank with difficulty and by suing them. There are some instances happened earlier.

The SARFAESI act is a sword given to the banks by Finance ministry and most of the banks perfectly misusing to make their balance sheet better.

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Bank will advertise in news papers.You can buy

TAXES- Will I have to paid taxes on land I had for three years and sold it TODAY.?

2011-01-28T22:03:00.001-08:00

I plan to sell 2.5 acre lot I brought for a future home three years ago, but I change my mind on it location. I brought it for $16000, and if it sells for $20-$21000. WILL TAXES HAVE TO BE PAIDED if I make a profit, after I paid the realtor six percent and hundreds of dollars I PAID on INTEREST at my bank in the last three years???

There are two types of taxes that can affect a property. Ad Volerem taxes (property taxes) and or Capital Gains Taxes. You never resided on the property because it is a vacant lot. By not developing it as a residence you may fall under the IRS guidlines that would then cause that property to be deemed an investment type property. If so, you then become subject to Capital Gains taxes.

Capital Gains taxes are a federal tax (IRS) and are levied in addition to your local property taxes.

You can deferr capital gains taxes when selling an investment property by performing an IRS 1031 Tax Deferred Exchange. This is where you sell a property with the intent of buying a "Like Kind" property to replace it. The "Equity" you have in the current property is then rolled over into the new, replacement property. Contact an attorney, a Realtor or a "Facilitator" for more information.

Yes if it was not your primary residence

if you have paid your property tax every year for the past three years then no but i'm not certain for sure if you haven't paid them what will happen...you'll probably have to pay though...go to the sheriff's office in your county and talk to them about it...thats who handles all that stuff...and no it does not matter whether your home was on the property or not you still have to pay property taxes if you own land

Yes you will be taxed on the difference of what you get less what you paid for the land and related selling costs (i.e. commissions). You should have been deducting the property taxes/interest all along while you owned the lot.

You will pay income tax on the taxable gain, if you don't complete the "like kind" exchange within a certain amount of time.

Property taxes you have paid this year, for the months that you owned the land (Jan to June, for example) will be a deduction for you. Not the previous years property taxes, only the year of the sale, and only for the months you have owned the property.

The previous years property taxes should have been a deduction on last year's return, and the year before that. I don't think you can't add them together and take them off this years return.

Mortgage interest is deductible but I don't think the interest on an ordinary loan that you used to purchase the land is deductible.

The realtor's commission is not deductible or but it is an expense that is used to calculate the taxable gain. The interest you paid on the loan to keep the property is not used in calculating the taxable gain.

To accurately figure your taxable gain, first calculate the basis of the property you purchased, the $16,000 plus the allowable costs of acquiring the property. Then figure the basis of the property you are selling, the $20-21000 minus the allowable costs of selling. The difference is your taxable gain.

Why do people say israel stole the palestinian land?

2011-01-28T10:03:00.001-08:00

if i am not mistaken, which i am not

article 24 of the PLO charter states that gaza and west bank are not palestinian land

so WHOSE LAND IS IT? AND WHY CANT ISRAEL OCCUPY IT

and if you look at a real map of israel

http://en.wikipedia.org/wiki/File:BritishMandatePalestine1920.png

it is quite clear that ARABS took all of the palestinian land not the israelis

yes israel has some of it,but they offered it back and the palestinians said no

So what you are trying to get across is that the land that Israel occupies had nobody living there before, is that correct? So when Israeli settlers illegally move into Gaza and force people off their land by use of arms that is ok as well? Obviously you don't realize that the land that Israel occupies was taken from other people and that they continue to expand into other people's countries and take their land by force. But then that is ok with you, or is it only ok if Jews do it?

"Israel" was created for political reasons. the very creation of the State of Israel was approved

by the Western diplomats to create a wedge in the Arab world. In the

other words, Jews were given a state that was pre-destined to be

engulfed in a constant struggle.

this is the saying of the Orthodox Jews that are against Zionists:

âœâ¦it is forbidden for any Jew to set foot upon the grounds of the Temple Mount, until the coming of the righteous Moshiach (Messiah)...â

"Because you have defiled the land, it will spew you forth" (Leviticus 18.28)

ACCORDING TO THE JEWISH FAITH AND TORAH LAW THE JEWISH PEOPLE ARE FORBIDDEN TO HAVE THEIR OWN STATE WHILE AWAITING THE MESSIANIC ERA!

The worst I have heard is the HISTORY-arguement that does excist in the Middle-East..

I do believe the stated reference about Political State..a somewhat European Political State that has know brought the United States(inside)..because the Jews and Muslim's have always inhabited Europe..

What about Gaza..??

What about obvious terrorist ideas..??

and what is it about..politics..that needs to be so Law&Order abiding..??

..well that seems the multi-layer cake that bakes in the desert.

Study history a little closer. The land Israel "occupies" was stolen from

Israel around 70 AD, first by the Romans, then the Arabs, After the fall of Rome. Arabs laid claim, in one way, by building their temples over

the centuries temples of the Jews.

Gads! What do they teach in history now days? Oh yeah, I forgot,

BS and political correctness.

Well it most Certainly is NOT yours israel. It never could be after you had left for Europe .

Do I have to report wire transfers to my account that I gave directly to mom?

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My mom had me open up two bank accounts. For whatever reason, she couldn't open one (bad credit; debt to the bank, or something else).

Anyway, my uncle wired $2000 from Korea to pay for his son's expenses (going to school here).

This money landed into my bank account, but my mom snagged all of it (It was for her anyway).

Do I have to report this money on my federal taxes, even though I didn't use or have privy to any of it?

No, but not for the reason that you think.

There is no tax on money sent by a child's father to pay that child's educational expenses.

Was looking for something else and saw your question, which is so easy I decided to go ahead and give you an answer. This is not income, you do not report it as income or as anything else. If big amounts (like over 9k) are deposited into your account, especially from overseas, the bank would be required to report suspicious activity. You have nothing to report on the 2 thousand. If you receive a 1099 form for miscellaneous income, then you have to explain that because that means the IRS knows about it. This 2k sounds like it was never intended to be payment to you. You did no work, you received no income. Non issue.

NOPE

wasn't income or gift

depending on size of transactions, feds may be well aware of the sums anyway

tell Mom to straighten out her finances and set a better example

Why not encourage Israel to have a 7 State solution rather than a 2 State solution?

2011-01-27T10:03:00.001-08:00

2. Since in the end, there will be Egypt, Israel & Assyria; Shouldn't all those land chunks around Israel be:

West Bank, Israel

Gaza, Israel

Palestine, Israel

Golan Heights, Israel

East Jerusalem, Israel

Lebanon, Israel

Etc.?

3. All parts of Israel?

4. So different states as one Nation of Israel?

Like there are many states in the United States of America. But one USA.

the land is already israel's!!!!by devine favor and covenant from the very god they now reject but will soon accept and will see total restoration of their land!!!!!!their enemies will be defeated and even submitted to them!!!!!but for now the world is being allowed against by god only because of their forefathers disobedience and failore to accept their true saviour and messiah jesus christ!!!!!this why we as gentiles have the opportunity of salvation by grace thru faith in recieving chist as our personal lord and saviour!!!had they not rejected him at his first coming we would still have this opportunity but they would be the chosen people to bring us the gospel not the way it is now!!!!!!!

The proposal might be logical until you consider historical, cultural and religious perspectives. It would be a nightmare for Israel to secure peaceful life among it's citizens to incorporate Palestine and Lebanon dissidents. It would seem that Israel's enemies have determined that their only solution is to destroy Israelites and re-occupy the lands they claim and dominate the entire region with total exclusion of Jews. The meek shall not inherit these lands any time soon.

One of my dear friends is a nurse and Muslim. She said she never wants to live in a Muslim country and it is even hard for her here in America because of the pressures of a few that want their nazi view of Jews in their private American schools. Look how our prisoners in jails are being converted and recruited. Terrorists are getting people they would normally shoot or cut their hand off in shame, and make them attack their own country under the guise of being a "good" Muslim. She says it is like finding a horse's head on your bed in the morning--you never know when they will hit!

You have to understand, even if Israel renamed itself after the pagans, Palestine (from the Philistines), the terrorists would still want the whole land, no Jews, no Christians, no Semitic Christians or Turks, but there own government under the Islamic flag--not a democratic society like Israel is, but another totalitarian regime. The likelihood of you ever visiting the Holy Land then would be like trying to get into Mecca.

Lebanon is not part of Israel, Lebanon is its own country

And there should be no two state solution. The Arabs had their chance at a 2 state solution in 1948. Instead of accepting it they tried to finish the job that Hitler started.

They dont deserve their own state. The Arabs have every country in the Middle East. All we Jews have is Israel. We will defend Israel to the death because God gave that country to us. No justice, no peace, support Netanyahu

My argument is if they all never attacked Isreal in the first place in 1967, then they wouldn't have lost so much land to them either.

Spoils of war. You can't say if Isreal was defeated that the palestians would offer them a 2 state solution.. with a honest smile, can you?

And had they lost.. how many of you would be crying for Isreals children? I can't say many voices would be heard.

They should give half the land to Palestine and the land to Israel or just have one big country called Israel-Palestine.

A 2 state soloution means 2 seperate countries.

in this context i think by states they mean independent countries.

It would be more simple if the Palestinians just got over the fact that they lost already and Israel is there to stay.

let israel draw the border and palestine choose which side they want!

sure go for it.

true, but then that would lead to another war saying who will govern the land

In accounting, The K company sold land for $60,000 in cash. The land was origanally purchased (Details Below)?

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for $40,000, and at the time of the sale, $15,000 was still owed to First Bank on that purchased. After the sale, the K company paid off the loan to First Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?

each transaction would have an equal effect on both sides of the equation

So the 60,000 would be a debit in cash assets

and a credit in equity

The 15,000 would be a debit/credit in acct. pay. and cash

And the 40,000 would be a credit/debit in land and equity

I think

assets +5,000 (land -40000, cash +60000; cash -15000)

liabilities -15000 (a/p -15000)

owners equity -10,000

i think

The effect on the acctg equation is zero, because:

The net on the asset side is a plus 5 because the proceeds minus the loan payoff vs the orig cost. And the net on the liab/equity side is also plus 5 because of the gain on sale vs the loan payoff.

Anyone know of any wholesale banks that will loan on leased land?

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I am a mortgage broker, looking only for wholesale. I have a purchase for a home in Tacoma, Washington that is owned by the city, and is only being offered by a leasehold estate for 99 years with an option to renew. Problem is, I don't know any banks that will go for this. Purchase price is $200,000. I know Indian reservation land is also leased property, so if there are any banks that handle Indian land, I'm sure that would work for me too, I'm just not sure who those banks are.

Wow...that is a hard one...post your scenario on http://www.scotsmanguide.com/default.asp?ID=1242 you might find someone

Countrywide would be your best bet, at least they were before the implosion. CWBC.com if you are approved. I'd start there, if they won't do it now blame B of A!

I want a loan.My nearest bank is PNB but they are not giving loan.?

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My nearest bank is PNB but they are not giving loan.i m from a village and living in lucknow on rent from 2001. I have a lot of land as a property at village. Plz help me

With lot of land and property you should not have any problem in getting loan.

It also depends what loan you are seeking.

Try some other banks.

For your information the far away banks are better for loans rather than the nearby banks.

I think you have to choose or compare the personal loan from various banks. for compare personal loan click personal loan interest rate and apply personal loan.

Links are :-

http://www.deal4loans.com/personal-loan-interest-rate.php

http://www.deal4loans.com/apply-personal-loan.php

Do you have a job?

without one, no one is going to lend you money

do you have other debts?

too much debt and you won't get a loan

Banks normally give loans agnst some property or Gold etc.,

Better approach suitably.

All the best.

be careful from foreign lenders, they always cheat

better contact sbi.

Discuss the relationship between land speculation and the banking and finance industries.?

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Well, I'm not sure what to discuss. Obviously, they lend the money for most of it, so if money is easy to get, you'll see more speculation, and if money is tight, speculation would be less.