Can you buy a house if you owe the IRS back taxes?

Tax debt is simply owing money to the IRS and/or a state but a tax lien means that your taxes went unpaid long enough to trigger collection actions. If you have an IRS lien on your income or assets, it will greatly diminish your chances at getting approved for a mortgage. Can owing back taxes …

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Can I buy a property in my partners name?

Putting property “in the name of” someone else is perfectly legitimate provided the appropriate formalities are dealt with. Can I buy a house and put it in my wife’s name? A married buyer can purchase a home on his own, using only his credit, income and assets to qualify for a loan. However, since California …

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Quick Answer: What is considered puffing in real estate?

puffing. n. the exaggeration of the good points of a product, a business, real property and the prospects for future rise in value, profits and growth. What is an example of puffing in real estate? Agents offering you their services by saying they already have buyers or claiming they can sell your home at a …

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Who qualifies for the Ontario property tax Credit?

You can claim the property tax credit if all of the following conditions apply: you were a resident of Ontario on December 31. rent or property tax on a principal residence was paid by or for you in the year. you were 16 or older on December 31. Who is eligible for Ontario property tax …

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You asked: Can my ex sell our house without my consent?

If you have joint ownership of a property then you cannot sell without your spouse’s permission, and there’s no real way around this. … If your spouse refuses to cooperate, then you will need to begin an action of division and sale in court. Can you sell a house if one partner refuses? If you …

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Can you live off rental properties?

The first step to living off of rental income is knowing how much income you need to live your life as you are accustomed to. Do some math, and get to a figure you feel will allow you to live comfortably without supplemental funds like a full-time salary for a full year. Is it possible …

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Quick Answer: Will there be real estate agents in the future?

Will there be a future without real estate agents? The short answer is no. Real estate agents are highly unlikely to go the way of the Caspian tiger or Guam flying fox anytime soon. Still, it seems likely that the demand for real estate agents will decline over the next decade. Will real estate agents …

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