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Can a family member buy a short sale property from another family member?
Wiki User
∙ 15y ago
Can a family member buy a short sale property from a family member
Wiki User
∙ 15y ago
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Listing price may not be sufficient to cover all encumbrances closing costs or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties?
It's short sale property listing.
What are other options besides foreclosure?
# Save up money to get current. # Establish a repayment plan or forbearance agreement with the current mortgage company. # Modify the terms of the existing loan through a mortgage modification, agreed upon between homeowners and lender. # Refinance through a traditional or hard money lender and obtain a foreclosure bailout loan, if there is enough equity to qualify. # For FHA loans, obtain a partial claim to get current. This will result in a lien being placed on the property for the amount of arrears, but reinstates the mortgage. # Sell to a private investor or friend/family member who will allow the homeowners to continue living in the property. # File bankruptcy and include the house (Chapter 13), and keep up with the court-ordered repayment plan. # Sell the property for less than what is owed through a short sale. Tax liabilities may be a result of this option. # Sell the property outright for as much as possible, paying off the loan in full. # Offer the bank the deed to the house to avoid going through with the entire process with a deed in lieu of foreclosure. # Just move out, abandon the house, and begin the process of becoming financially stable after foreclosure.
What does corporate owned property mean in real estate?
If it is NOT a short sale and bank owned it usually involved a relocation. Many companies provide their employees with a relocation package to get them to move to another corporate location. They usually have 90 days to sell it with their real estate agent and after that period the relocation company buys it from the employee and puts it on the market. These can often be decent deals because the relocation companies want to unload the property in a timely fashion. The downside is that the buyer has to deal with a corporate bureaucracy that is slow to respond and averse to making repairs that may be needed.
What is short-tail lines of reinsurance?
"Long Tail" refers to the length of time between a claim causing incident and the settlement of the resultant claim. Property insurance is "Short Tail."Example, it is typically only a matter of days or weeks between the time of fire or tornado damage and the resultant claim being paid. On the other hand, Medical Malpractice and Workers' Compensation claims often continue for years before they are settled. Reinsurance for such short tail lines of insurance is known as short tail reinsurance
Do you have to pay rent if you have no lease?
Yes and no. If you are a renter the lease is there to protect YOU. If you don't have a lease then you have no rights to the property at all, the landlord doesn't even need a reason to kick you out. So long story short... only if you want to live there.
Why does your girlfriend freak out when your dancing with another girl?
short of a family member you should never dance with another girl and dont even ask why there is no real reason just don't do it and dont ask her why
Can you short sale to family?
Generally, no a homeowner cannot sell a short sale to a family member or other related party. This would violate the arm's length transaction requirement of a short sale.
Can a family member change how the assets of a trust are distributed after they have been and this family member was not named in the trust?
The short answer is no. Only the trustee has the power to deal with the trust property and distribution. The trustee must follow the instructions as they are set forth in the trust instrument. The trust instrument should also provide for how the trust can be amended. If the family member isn't the trustee they have no power to make changes in the distribution unless they were the declarant of the trust and reserved the power to make changes.
Can you assume another person's property tax?
No, property tax varies based on factors like the property's location, size, assessment value, and local tax rates. It's not possible to accurately assume another person's property tax without these specific details.
What family does the guillemot belong to?
The guillemot is a member of the Alcidae family of diving shorebirds having stocky bodies, short tails, and webbed feet.
Which member of the cat family has short tail and shiny eyes and found mostly in Canada?
You might be thinking about a bobcat
What is an airbreathing catfish?
An airbreathing catfish is a member of the Clariidae family of fish, capable of breathing air for a short time.
Can you use your short term disability to care for family?
Probably not. Short term disability is designed to protect your income in case YOU are unable to work due to a sickness or injury. The Family Medical Leave Act may provide you with an unpaid job protected leave to care for a family member.
Can police do anything to stop you from living with a family member if your dad says no?
It depends somewhat on where you live and what the laws are there. But the short answer is: generally speaking, yes, the police can do something about it. Depending on the exact circumstances and location, one (or more) of several things could happen: * The child could be arrested as a runaway * The family member could be arrested and charged with the crime of harboring a runaway * The family member could be arrested and charged with child abduction * The family member could be arrested and charged with kidnapping
Why same family has individuals with different height short taller litter?
There are many reasons why individuals in the same family have different heights. Some people may be shorter or taller than another family member due to genetics and how they grew. Each persons DNA is different which can determine the height of that person. Also, environmental factors can influence the growth of a person.
Is member long e or short e?
The term "member" contains a short e sound.
Why is your dog named Shammy?
Well, my dog is not named Shammy (her name is Holly). However, "Shammy" may have several origins: 1. A short version of "Shamrock" 2. A mispronunciation by a family member of another word 3. Naming your dog after a cleaning rag
