User Account

All Pages

Loan on a private residence in pennsylvania

Assignment Help Finance Basics
Reference no: EM132040953

Suppose that you are a lender and that you have issued a loan on a private residence in Pennsylvania. The borrower has defaulted on this mortgage and you have invoked the acceleration clause. The OMB, including accrued fees, is $319,000. There is also a property tax lien of $7,500 and a workman's lien of $4,300 on the property.

What are the formulas I need to find out how much I would be able to recover by selling the property for $327,500 ? I do not want you to give me the result, simply what the calculations are to find that out

Reference no: EM132040953

Questions Cloud

Evaluate mutually exclusive projects a and b : Evaluate mutually exclusive projects A and B, each costing $30,000 and with a required return of 10%.
Components of bond returns : Both bonds make annual payments, have a YTM of 5 percent, and have five years to maturity. What is the current yield for Bond P and Bond D?
What would the market risk premium be : The risk-free rate of interest is 5% and the expected return on the market is 11%. What would the market risk premium be?
How does the involvement or behavior seem to differ : What types of differences in health care and maintenance have you noticed between men and women in the clinical setting? How do women's approaches.
Loan on a private residence in pennsylvania : Suppose that you are a lender and that you have issued a loan on a private residence in Pennsylvania.
Portfolio of call options on the stocks : ''A call option on a portfolio of stocks (known as basket or rainbow option) is more valuable than a portfolio of call options on each of the stocks"
What will happen to the price per share : This new growth strategy will require the company to reinvest 30% of their earnings starting at the end of this year (t = 1).
Define how you determined mastery : Identify the grade level and subject matter and a measurable unit objective(s) and align with the stated standard as prescribed.
Advise frank to ask for contract or the promissory note : Would you advise Frank to ask for the contract or the promissory note?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd