Louis and Karen Moroz can no longer make the payments on their home. They owe $280,000 on their mortgage and their home was appraised at $195,000. The Morozes decide to just walk away from their home. What are the implications of their decision?
A)?The mortgagee has no right of collection from them
B)?Walking away does not affect their credit rating
C)?They may take any fixtures with them that they have installed
D)?None of the above
D
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The Gomez Trust is required to distribute $80,000 annually split equally between its two income beneficiaries, Lara and Byron. If trust income is not sufficient to pay these amounts, the trustee can invade corpus to the extent necessary. During the current year, the trust reports DNI of $60,000. Byron receives an additional $30,000 discretionary corpus distribution. a.How much of the $40,000 distributed to Lara is included in her gross income? b.How much of the $70,000 distributed to Byron is included in his gross income? c.How much of these distributions are first-tier distributions or second-tier distributions?
What will be an ideal response?
______________ advertisements account for 33 percent of the global advertising revenue.
Fill in the blank(s) with the appropriate word(s).
What is the term that reflects the belief that humans naturally behave in hedonistic ways to ensure their genes prevail over their competitors?
a. Competition b. Cooperation c. The survival of the fittest d. The survival of the fastest
The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a rate of return of 20 percent, what is the highest price you should be willing to pay for this stock?
A. $38.00 B. $40.00 C. $45.00 D. $44.00 E. $50.00