Mark Clemens is purchasing Daisy Gatsby's home for $250,000. Daisy has a mortgage for $150,000 at 10.9% (obtained in 1980). Current loan rates are 14% and Mark has only $25,000 for a down payment. Mark wants to know if there is a financing method other than obtaining a new loan for $225,000 at 14%
?Daisy could carry Mark in a wrap-around/subject to sale where Daisy continues to pay her mortgage but finances Mark's full $225,000 at 11-12%. She makes a profit and Mark pays less than the 14%.
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Dumping includes
A. black market sales to avoid prohibited substances, such as weapons, alcohol, and pornography. B. selling goods priced lower in a foreign market than in the home market to build market share. C. the foreign exporter's selling better products into the market than those manufactured in the home country. D. expanding fast-food franchise operations in foreign markets.
Elegance Inc. is a large cosmetics company that made an initial small investment in a start-up company, Peace Planet, which was developing an organic face lotion. This gave Elegance controlling interests in the start-up company. However, Peace Planet soon began to have financial difficulties because of principal-agent problems. As a result, Elegance did not invest in the next stage of development and pulled out of the company. This approach to strategic alliance is referred to as a
A. credible commitment. B. real-options perspective. C. break-even analysis. D. partial joint venture.
Roc buys a farm from Steve, who claims that it would be a prime site for a housing subdivision. Roc later learns that the law does not permit the land to be used for housing. Roc may
A. not rescind the contract. B. rescind the contract only if Roc did not know the law before the deal. C. rescind the contract only if Steve knew about the law before the deal. D. rescind the contract only if the law is not common knowledge.
Career planning:
A. does not require any goal setting. B. is not related to personal financial planning. C. does not influence an individual's lifetime earnings. D. impacts an employer's stability. E. helps in improving professional satisfaction.