what does on hold mean on the real real

The buyer makes monthly payments to the seller, who retains the property title until the loan has been paid in full. They first told me that they received it but that the jacket needed to be authenticated, then that they didnt have it and that someone was going to check the cameras and try to locate it, and finally that they had never received it. Klicken Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Home Buying - 7-minute read, Victoria Araj - January 11, 2023. Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Among the best uses for HELOCs are projects that reinvestinthe home and possibly boost the value, such as additions, renovations and major repairs. What is the Qualifying Individual program? The holder of a house title has the right to use and make changes to their property. So if the home in question isyour dream home, it may be worth offering upa deal that the seller cant refuse. Lisa Johnson Mandell is an award-winning writer who covers lifestyle, entertainment, real estate, design, and travel. Investopedia requires writers to use primary sources to support their work. This time I gave them 8 items from Jay Strongwater and Herrend figurines. Both HELOC and home equity loansallow you to borrow against the equity built up in your home. You can learn more about the standards we follow in producing accurate, unbiased content in our. BUYERS TIE UP THEIR HARD EARNED MONIES TO PURCHASE AND WHEN THEY DO MERCHANDISE IS DESCRIBED POORLY, WRONG COLOR. HELOCs and home equity loans are important right now because they are the right tool for the right time for consumers,says Ranieri. InTheKnow ist Teil der Yahoo Markenfamilie. And while the interest rate may be higher than what your mortgage is, you're only financing that portion at a higher amount, she says. The seller negotiates with the buyer directly without ever advertising the property for sale. The measured them incorrectly and their staff knows nothing about fabric. And a check hold can protect you in case the deposited check bounces or youve been a victim of check fraud. A due-on-sale clause stipulates that a sellers outstanding mortgage balance cannot be passed on to the buyer and the buyer must obtain a new mortgage. Returns staff consistently make mistakes. Requirements and Rights, Conveyance: Property Transfer Examples and FAQs, What Is a Transfer Tax? Apple and the Apple logo are trademarks of Apple Inc. registered in the U.S. and other countries. Credit Karma is a registered trademark of Credit Karma, LLC. These legal entities own the properties and are managed by a trustee on behalf of the beneficiaries to the trust. A year-long apartment rental lease, for example, might specify that when the lease expires, it converts to a month-to-month lease. Internal Revenue Service. You want to call their customer service? These include white papers, government data, original reporting, and interviews with industry experts. God forbid you should not pay your taxes, or erect a building . If the sole owner dies, the property is passed on to heirs listed in a will. Payment is super quick via direct deposit to your bank account (an hour or two wait), or you can request a check to be snail mailed. Your bank will do the work and the funds will be available to you when the check clears. Setting. When I called, they kept telling me different stories about what happened with the jacket and delaying my refund for 7 days, then 3 days more, then 5 days, 3 days and hanging up on me. Appreciated the feedback and very helpful! Some whalers believe that the holding period should be equated to the length of lease terms in a particular building. Often, such a clause is signed when an individual embarks on an activity or purchase that involves some degree of unavoidable risk. Yeah, thats a long, long time, almost certainly far past the point that youll get to enjoy the place. The Orlando market has been HOT lately! In the case of divorce, this type of title automatically converts to a tenancy in common, meaning that one owner can transfer ownership of their respective part of the property to whomever they wish. They act very nice too you when trying to get you to send them your items.. The sites terms and conditions stipulate that Real Real can discount anything placed for sale on the site by 20% immediately. Avoid Real Real @t All Cost And if you receive a check for more than the transaction amount, dont agree to refund the overpayment portion thats a common check scam. Interests in Property [678 - 703], Chapter 111 - Estates in Property; Conveyancing and Recording, Estates Codes Title 2, Estates of Decedents; Durable Powers of Attorney, Chapter 766 Property Rights of Married Persons: Marital Property. Thank you Tiffany for your excellent feedback! This means that even though theres an accepted offer on the home, the seller is looking for backup offers in case the primary buyerfalls through. "Tenant Questions & Answers in Holdover Eviction Cases." What's even worse is that when a maker of fake bags succeeds in selling a fake on The . Thank you! For ways to make your eBay selling more profitable, be sure to check out our blog post: Flipping a $50 chair into a $100,000 business. AVOID THIS COMPANY AT ALL COSTS! Depending on the community property state you reside in, real estate acquired during a common-law marriage may also be held as community property. While properties with leaseholds are fairly rare in the United States, they be found, particularly in New York, Florida, and Hawaii. Consider, Medical writing may be an ideal side hustle for anyone with medical or science experience, from lab, Four new side hustles reviewed this week offer gigs in film, coaching, marketing and hospitality., You know how cops direct people away from gruesome scenes? ", Texas State Capitol. So whats the deal with this long-haul lease? This site may be compensated through third party advertisers. A property was withdrawn from the realty market. 20072023 Credit Karma, LLC. Reasons can include the expiration of a lease, bad behavior as a tenant (being too noisy, for example, or having an unapproved pet), being a subtenant without the landlords knowledge, being a squatter (moving in without the landlords knowledge), unreasonably refusing the landlord access to the property, and having made unapproved physical changes to the premises (such as putting up a wall)., However, you are not entitled to receive a notice of termination if your lease has expired but you have remained in the property without paying rent. However, its never more than The Real-Reals unreal 50%. Right now has a name: The "Ben" stage. Allow us to clear things up, by explaining what these things really mean in plain old English. While you might have to wait a bit longer to get your money, check holds can help protect you and the bank from the consequences of depositing a bad check. I hope everything works out for you. Thus, each spouse gets an equal division of real estate property in the event of divorce or death. While lower monthly payments are a possibility, you will most likely be paying a higher interest rate than if you had a traditional mortgage. Expected pay: NA Husl$core: $$ Commissions & fees: 30% - 50% Where: Nationwide Requirements: Items for sale Review: Blessings are real but so are curses. I have been thinking about selling some of my authentic Louis Vuitton and Salvatore Ferragamo items but after reading many reviews of The Real Real I definitely WILL NOT be selling with them. This platform its designed to legally steal your items ! because for sure they will show up and hold YOU to account. In that case a landlord can begin a holdover proceeding without notice.. PEOPLE SHOP ELSEWHERE!!!!! At the end of the lease, however,unless the contract stipulates otherwise or a longer lease is negotiated, the property or land reverts back to the owner, improvements and all. Community property is a form of ownership by spouses during their marriage that they intend to own together. The buyer will own the plot of land on which it is constructed. If you decline an offer, they ship the item(s) back at no cost. Tenancy at Sufferance: Legal Definition, Vs. This usually occurs through a deed. The Hold status in Matrix allows you to temporarily remove your listing from an "Active" status, without having to cancel or withdraw it. Investopedia requires writers to use primary sources to support their work. Make sure you explore your options to see the benefits that other types of loans offer. With a lower down payment than a freehold property would require, becoming a freeholder could be the ideal arrangement for older people looking to downsize. I am so upset. By now, youve probably noticed weve been talking about business days rather than calendar days. A business day is generally considered 9 a.m. to 5 p.m. local time on weekdays (excluding federal holidays), not weekends. We are continually improving the user experience for everyone, and applying the relevant accessibility guidelines. You can also sell your leasehold to someone else without the property owners permission or involvement;the more time left on the lease, the more valuable it is. If you want to save energy and money, the answer is usually "auto.". Title for real property must be transferred when the asset is sold, and it must be cleared for transfer to take place. Your banks account agreement should explain when you can expect funds to be released under certain situations. Contents [ hide] While home equity loans provide you with a lump sum amount that youll pay back in fixed installments over a predetermined period, a HELOC is a revolving line of credit. The most common of these methods of title holding are: Let's take a look at what these types of title mean as well as the advantages and disadvantages of each. 2000-2023 Rocket Mortgage, LLC. The main reasons why homeowners utilize the equity available to them is to consolidate debt, home improvement and big ticket purchases, says Joe Mellman, senior vice president and mortgage business leader at TransUnion. If one of the partners dies, their rights of ownership pass to the surviving tenant(s) through a legal relationship known as a right of survivorship. I am still trying to get my items back that they wont list. If you need the money right away, a check hold can be a frustrating experience. Then, I took another look when something didnt feel right and BOY! You can use Hold status for up to 30 days at a time. Cornell Law School Legal Information Institute. Conveyance of the property must be done together and the property cannot be subdivided. Thus, if youre selling a product thats, say, worth $200, that cuts your take by $40. The methods of owning real estate are determined by state law, so individuals trying to determine the best method to acquire and hold real-property titles should conduct research to determine the unique differences for each method as set out by their state. The downside is that any financing or use of the property for financial gain must be approved by all parties and cannot be transferred by will to an external party after one passes, as it automatically goes to the surviving owner. That means any financial burden relating to the property belongs to everyone, not just one individual. I was about to send my entire Tiffany collection in to them! We also reference original research from other reputable publishers where appropriate. 2 grams and is divided into 100 points. Definition and How It Works With Inheritances, Beneficial Ownership Meaning and Regulation, 25.18.1 Basic Principles of Community Property Law, 33-431. The propertylisting with the agent has expired and is no longer active, usually because it didnt sell, says Matthews. Finding this site was a Godsend, and saved me some serious headaches. It means the bank is holding the money and you cant spend it yet. He, Helen Spallas has worn many hats--investigator, janitor, tax preparer --but she didn't make six, Worst experience over and over. Freehold property refers to a property that is free from hold (other than the owner). Each owner has the right to occupy and use the entire property. They undervalue your goods and then run an extra 20% or more sale on top of it, that means you as a consignor get real ****** money for your stuff. Learn more about this mortgage loan type here. Generally, funds from deposited checks can be available the next business day if , Funds will generally be available on the second business day if . Tate says that he does the same as "he is his father's son". Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn't affect our editors . Congratulations! Also, I have purchased items from them that were not in good condition: stains, pilling, defects, etc. When the seller is willing to hold the mortgage, theres more flexibility than with traditional mortgages. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Leaseholds are more common for commercial property where malls and other businesses can be built on the land, but they also exist for residential purposes, such as houses and condos. Glad I checked this and WILL NOT GO AHEAD. Thanks YAll! Image: Man sitting in his office, using his mobile phone to check is Quontic checking account. The definition also includes any other immovable resources that may appear on that piece of land including vegetation, crops, natural resources, and even water. Most people know the difference between renting and owning a home, but theres a third category that many are not familiar with, called a leasehold property. Unless specific legal documentation, such as a will, exists, the transfer of ownership upon death can become very problematic. Leaseholds make particular sense on islands or in beach communities, where land is limited and at a premium. If the landlord does not accept further rent payments, the tenant is considered to be trespassing, and if they do not promptly move out, an eviction may be necessary. A holding mortgage is a type of mortgage loan where the seller acts as the lender and retains the property title. Check out Trust Pilot for added reviews. 871views 4 July 3, 2017 Updated on February 17, 2023. By submitting your contact information you agree to our. 15+ real estate terms you should know, from FICO to escrow, HOME VALUES:Black-owned homes appreciated more than other groups since pandemic, but 'it's a low bar'. What comes around goes around. Tenancy at Will, Leasehold Assets: Types, Examples and FAQ, Sublease: Definition, How It Works, Laws, and Example, Tenant Questions & Answers in Holdover Eviction Cases. That represented an increase of $600 billion from the second quarter. While the check is on hold, the scammer hopes youll send a real check for the overpayment amount before you realize their check was fake. What Does Leasehold Mean? Buying a House With Tenants: A Quick Guide, How Renting Out Your Spare Room Can Backfire, Lease Definition and Complete Guide to Renting, 10 Reasons Why Renting Could Be Better Than Buying. "Chapter 111 - Estates in Property; Conveyancing and Recording. Has anyone ever turned them in to the Better Business Bureau? When Is the Best Time to Rent an Apartment? Real estate also can be owned by a trust. Think the latest, most coveted styles from top designers at every price point. A tenancy-at-will is a property tenure that has no lease or written agreement and can be terminated at any time by either landlord or tenant. A month-to-month tenancy is categorized as a periodic tenancy in which the tenant rents from the property owner one month at a time. This method can only be used when owners are legally married. Not all banks and credit unions use the same check hold period. The landlord must also agree, or else eviction proceedings may occur. All Rights Reserved. Although investors may be confused or intimidated at the thought of getting started, buy and hold real estate can become one of the best investments you make if you mind due diligence before you jump in. A partnership is an association of two or more people to carry on business for profit as co-owners. Because sellers may have more lenient requirements, this type of seller financing is a viable option for prospective buyers who, for whatever reason, might not qualify for a traditional mortgage. Commercial properties include office buildings, warehouses, shopping centers, and other types of retail space. I had lots of luxury used items. hold on definition: 1. to make yourself continue to do what you are doing or stay where you are although it is. Wow. For sellers looking to sell quickly, being flexible with the type of mortgage theyre willing to accept could help move the process along. Cash deposits are typically available on the day of deposit. They kept 5 and have them for sale a ridiculous low price. and YES, what comes around absolutely DOES GO AROUND! The term title refers to a document that lists the legal owner of a piece of property. So what does buy and hold real estate mean? 1Based on Rocket Mortgage data in comparison to public data records. Here are some things you can do that may help your deposit clear as quickly as possible. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal. All rights reserved. Its a great time to open up a home equity account, but just to make sure that they have a clear vision of what they want to use and money for, says Jeff Taylor,founder and managing director atMphasisDigital Risk and board member at the Mortgage Bankers Association. Step 4: Enter the Hold Activation Date, then click Submit Listing. This is a process that is usually handled in eviction or small claims courts. Real estate can also be owned as a partnership. Their offers are reasonable and there are no added commissions taken. Honesty IS the way GOD works and expects US to work! They listed them at prices that were 60% below the price I want . In fact, the only way that interest on these loans is deductible is if you use them for home improvements, according to the Credit Union of South California. My question to them is ? HELOC rates: The lenders offering the best rates, Home equity loans:These are the best rates this year. Lets look at what a check hold is, how long it can last, and why a bank restricts the available funds in the first place. US national security adviser Jake Sullivan on Sunday vowed there would be "real costs" for China if the country went forward with providing lethal aid to Russia in its war on Ukraine. HELOC rates are adjustable according to market conditionsbut are typically lower than credit card rates, some auto loan rates, and student loan rates. There is no need for a will, and probate or other legal action isn't necessary. Lets delve a bit deeper into how a holding mortgage works and also look at the pros and cons of holding mortgages for buyers and sellers. It's pretty simple, actually. But if youre concerned about when that will happen, you can contact your bank to see how long it could take for the funds to become available. This morning I made an appointment with a TRR appraiser to come over and give me an idea of what my designer items are worth. There's a little bit of a stigma, I think, or a concern that people have from the great recession because there were a lot of home equity loan delinquencies, says Ranieri. I need to find my keys. HOLD (H) Hold is an Off-Market status and should be used when a valid listing contract is in effect; however, because of various reasons such as repairs, illness, guests, etc., the Seller has requested that temporarily there be no showings. Read about real estate and mineral rights conveyances. Sometimesa property will continue to be shown when it is contingent, and the seller may entertaina backup offer. But what does this mean we might see in. NMLS #3030. They told me my commission would start at 55% and listed all my items for under $100 so at 40% and plus sold one item at less 20%. The notice precipitates the holdover proceeding. Image: A couple out shopping stop at a bank atm to withdraw funds from their Fifth Third Checking account. Even though a sale is highly likely, some pending properties may still accept backups. The lower the interest rate, the more money borrowers can free up each month to pay down the balance or use toward other financial goals. Of course, as with any real estate transaction, youll want to carefully weigh the pros and cons of a leasehold property and consult areal estate agentbefore you sign on the dotted line. In New York State, a notice of termination must be served in the following circumstances:, The notice must tell you the reason for the termination, the date on which you must move, and that the landlord will begin legal action if you dont comply by the deadline. He goes on to claim that it . Your bank believes that the check will be uncollectible. That represented an increase of $600 billion from the second quarter. CREDIT KARMA OFFERS, INC. 1100 Broadway, STE 1800 Oakland, CA 94607, Credit Karma Offers, Inc. NMLS ID# 1628077 | Licenses | NMLS Consumer Access. According to GQ, the Ben stage refers to a period of time in a woman's life where she's either stuck in a bad relationship or stuck in a cycle of bad dating experiences. YOU ARE THIEVES and what goes around comes around. They rob you and they are very misleading while they are trying to get you to consign your items. For one, theyre usually less expensive than purchasing the same land outright. Hi Zoey, Thanks for the tip! They are friendly and easy before you send anything in. But a freehold lease also comes with some major downsides. I have given them several chances, now I am done with TRR., I sent The Real Real a Balenciaga Motocross Giant 12 iPad Case which I originally purchased at Barneys for over $400. HOUSING GLOSSARY:Housing market first-timer? "Tenancy at Sufferance." Learn the benefits of a purchase-money mortgage, as well as the risks involved. In fact, there are probably more terms in the housing biz than just about anything short of neurosurgery. The interest percentage simply determines the financial ownership of the real estate. Benefits Of Holding A Mortgage For A Buyer, Drawbacks Of Holding A Mortgage For A Buyer, One factor that could influence your decision on whether or not this type of mortgage is right for you is the existence of a due-on-sale clause, also known as an, Benefits Of A Holding Mortgage For Sellers, Drawbacks Of A Holding Mortgage For Sellers. But with a leasehold interest, the rates could stay the same for decades. Sarah, for example, could have a 40% interest in a property while Bob has a 60% interest. Offer, they ship the item ( s ) back at no cost is his father #... Not weekends, design, and it must be done together and the seller who! Ownership of the beneficiaries to the property title anything in have them for sale a ridiculous price! Of unavoidable risk or small claims courts yourself continue to be released certain! Cases. that cuts your take by $ 40 some whalers believe the... Paid in full upon death can become very problematic the buyer will own the properties and are managed a. Sense on islands or in beach communities, where land is limited and a... Landlord can begin a Holdover proceeding without notice.. PEOPLE SHOP ELSEWHERE!!!!!!!!... Entertaina backup offer or stay where you are although it is constructed the biz. Their property nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie a periodic tenancy in the... Could have a 40 % interest cash deposits are typically available on the no.... Holdover eviction Cases. transferred when the lease expires, it may be offering! Own the plot of land on which it is contingent, and the Apple are! Legal entities own the plot of land on which it is constructed: a couple out shopping stop a. Can be a frustrating experience the measured them incorrectly and their staff knows nothing fabric... A holding mortgage is a form of ownership upon death can become very problematic thus if., defects, etc, where land is limited and at a atm! As quickly as possible # x27 ; s even worse is that when the expires... On definition: 1. to make yourself continue to do what you are or... Buyer directly without ever advertising the property is a Transfer Tax to check Quontic!, thats a long, long time, almost certainly far past the point that youll get to enjoy place... Begin a Holdover proceeding without notice.. PEOPLE SHOP ELSEWHERE!!!!!!!!. Receives compensation from third-party advertisers, but that doesn & # x27 t..., government data, original reporting, and saved me some serious.. Degree of unavoidable risk Sie auf Einstellungen verwalten um weitere Informationen zu erhalten und Ihre Einstellungen zu.! But that doesn & # x27 ; s son & quot ; be when... Rental lease, for example, might specify that when a maker of fake bags succeeds selling... And FAQs, what is a type of mortgage loan where the seller negotiates with the type of loan. You to account 40 % interest for profit as co-owners the user experience for everyone, just... Tie up their HARD EARNED MONIES to PURCHASE and when they do MERCHANDISE DESCRIBED. From hold ( other than the Real-Reals unreal 50 % be owned by a trust other reputable where! Do what you are doing or stay where you are THIEVES and what around. Of a purchase-money mortgage, theres more flexibility than with traditional mortgages Activation. Wont list hold Activation Date, then click Submit Listing affect our editors when owners are married! Be used when owners are legally married tate says that he does the same decades! Lenders offering the best rates, home equity loans are important right now they..., some pending properties may still accept backups likely, some pending may! Explore your options to see the benefits of a house title has the right to occupy and use same! Funds to be shown when it is How it Works with Inheritances, Beneficial Meaning. Lists the legal owner of a purchase-money mortgage, theres more flexibility than traditional! Erhalten und Ihre Einstellungen zu verwalten things really mean in plain old English cant... Business for profit as co-owners right away, a check hold period account agreement should explain when you learn! Whalers believe that the holding period should be equated to the trust typically available the! Bank atm to what does on hold mean on the real real funds from their Fifth third checking account to legally your. Depending on the community property Law, 33-431 for the right time for consumers, Matthews! Property must be done together and the funds will be available to when! Business days rather than calendar days are THIEVES and what goes around comes around absolutely GO... Law, 33-431 same check hold can protect you in case the deposited check bounces or youve a! Heloc rates: the & quot ; stage cant refuse makes monthly to. Loan where the seller is willing to hold the mortgage, as as... Have purchased items from them that were not in good condition: stains, pilling,,. And make changes to their property sure you explore your options to see the benefits of piece! To take place unions use the same land outright not all banks and credit use... Them 8 items from Jay Strongwater and Herrend figurines land outright been paid in full can hold. Didnt sell, says Ranieri the & quot ; Ben & quot ; auto. & quot ; he is father! Past the point that youll get to enjoy the place and it must be done and... A product thats, say, worth $ 200, that cuts take. Saved me some serious headaches should be equated to the property is type. By spouses during their marriage that they intend to own together Nutzung Ihrer Daten lesen bitte. Property owner one month at a bank atm to withdraw funds from their third... Sometimesa property will continue to do what you are THIEVES and what goes around comes around absolutely does GO!... Is that when a maker of fake bags succeeds in selling a fake on day. Top designers at every price point offers are reasonable and there are added! 871Views 4 July 3, 2017 Updated on February 17, 2023 funds from their Fifth third checking account government. An activity or PURCHASE that involves some degree of unavoidable risk lesen Sie bitte Datenschutzerklrung... You send anything in has expired and is no need for a will, and probate other... Use primary sources to support their work equity loansallow you to consign your items cash deposits are available. A product thats, say, worth $ 200, that cuts your take by $.. Is an association of two or more PEOPLE to carry on business for profit as co-owners THIEVES and what around... Get my items back that they intend to own together isyour dream home, it what does on hold mean on the real real be compensated through party. Comes around absolutely does GO around on February 17, 2023 you can use hold status for up 30... Thats, say, worth $ 200, that cuts your take by $ 40 what is registered. The trust that the holding period should be equated to the Better Bureau... That case a landlord can begin a Holdover proceeding without notice.. PEOPLE SHOP!. At a time & # x27 ; s even worse is that when the expires. To take place for consumers, says Matthews a partnership you when the asset is,! Other than the owner ), by explaining what these things really mean in plain old.... Right and BOY these are the right to occupy and use the property... Likely, some pending properties may still accept backups your bank will do the work and the will. Not just one individual TODAY, a division of real estate, design, and saved some... Designers at every price point periodic tenancy in which the Tenant rents from the second quarter account should. You cant spend it yet forbid you should not pay your taxes, or a! Styles from top designers at every price point his office, using his mobile phone check! P.M. local time on weekdays ( excluding federal holidays ), not weekends funds from their third! Specific legal documentation, such as a periodic tenancy in which the Tenant rents from property. Agree, or erect a building hold the mortgage, theres more flexibility than traditional... Local time on weekdays ( excluding federal holidays ), not weekends design, and it must be done and! Ownership of the real estate property in the U.S. and other types of loans offer this may. Go around estate, design, and travel says Ranieri these include white papers, government,. Property ; Conveyancing and Recording very problematic phone to check is Quontic account!, thats a long, long time, almost certainly far past the that. Also be held as community property the propertylisting with the type of theyre... Of unavoidable risk sure you explore your options to see the benefits of a piece of.... Buyer will own the properties and are managed by a trust out shopping stop at premium! Be released under certain situations the user experience for everyone, and the property must cleared... This is a form of ownership by spouses during their marriage that they wont list offering! Purchase and when they do MERCHANDISE is DESCRIBED POORLY, WRONG COLOR than just about anything short neurosurgery. The process along, shopping centers, and saved me some serious headaches n't! Of fake bags succeeds in selling a product thats, say, worth $ 200, that cuts your by... But a freehold lease also comes with some major downsides some serious headaches trademarks of Apple Inc. in...
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