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2015-08-27 Real Estate Home Mortgages - Using a building as collateral for a mortgage:

I am not aware of any loans like that with the exception of a reverse mortgage.  In order to qualify for a reverse mortgage you would need to be a minimum of 62 years old.  Some commercial loans will allow

2015-08-26 Nonprofit Law - Non Profit vs Taxes:

I have in my profile that this free forum is only for general questions about IRS federal exemption issues of 501(c)(3) organizations. I am assuming that the land owner is such an organization.  If such

2015-08-26 Nonprofit Law - Grants for Non-school activities:

A booster organization may give grants to assist youth in different athletic leagues unless it has, by contract, agreed only to fund school related activities. My summary of IRS regulations relating to

2015-08-25 Nonprofit Law - Profitable Ventures for 501(c)(3):

It appears that the 501(c)(3) organization would be borrowing money from a donor who would be paid back, under some contingencies, without interest.  That part is fine.  However, as to the venture itself

2015-08-23 Foreclosure - foreclosure:

Hello Mary,    The home that your husband owns is still his responsibility until it is sold or paid off. If the mortgage is not paid then the bank can foreclose on the property to try and recoup their


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