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Yes, but the amount of the concession depends on the type of short sale. An FHA Short Sale (under the HUD Pre-foreclosure Sale Program) can include up to a 1% seller concession only if the Buyer is utilizing FHA financing in the purchase. A HAFA Short Sale will allow a seller concession, but the amount depends on the proposed net proceeds to the mortgage servicer.
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When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
What is better a short sale or a foreclosure?
A short sale is always better. I will tell you why very definitively. When you purchase a home on a short sale you are helping a homeowner salvage their credit and dignity and helping them out of a bad situation. You are also preventing a large loss for the bank and getting a great deal for yourself. Everyone wins if it is done correctly. A foreclosure will have a very bad effect on a homeowner's credit and the bank will in most cases take a bigger loss than they would in a short sale. A sellers credit in a short sale will be damaged to a lesser extent than a foreclosure. In most circumstances if you have done a short sale you will not be able to get another loan for two to three years. In a foreclosure it is usually around five years before you can purchase another home.
How does a business accept net 30?
This means payment for a purchase is due in 30 days, net of any discount due the buyer. Buyers would accept it because it delays payment and obtains a discount concession for timely payment. Sellers accept it because they want to make the sale and these are typical terms of payment in their industry.
Can you short sale your house to your spouse?
A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.A short sale must be approved by the lender. It will not approve your proposal.
Can you purchase a short sale with an fha loan?
Yes, you can purchase a Short Sale with an FHA loan. There are no restrictions on the type of financing in the purchase of a short sale.
Where can I find concession trailers for sale?
Lots of internet shops have concession trailers for sale, including eBay and Craigslist. Also, http://www.runwalkjog.com/nataliestrailer.htm has a very large listing of concession stands and trailes, used and new.
Where can someone find concession trailers for sale online?
You can find concession trailers for sale online from the Commercial Truck Trader website. Alternatively, you can also find these trailers for sale from websites such as Used Vending.
Where can I find used concession trailers online?
The best website for used concession trailers is probably eBay. There are almost always many concession trailers for sale there at great prices.
Where could I buy supplies for concession trailers in Dallas?
You can buy supplies for concession trailers in Dallas at www.festivals-and-shows.com. You can also get info at buyitlistit.com/Concession-Trailer-For-Sale-Dallas-TX-8
Where can one buy concession equipment?
Concession Equipment is a website which sells concession equipment as well as concession stand supplies. They can also be bought from the Concession Stands website.
In a sellers concession how does it hurt the seller?
A seller's concession is something the seller gives or gives up in order to make the sale. Therefore the seller's profit is reduced. However, seller's concessions are often used as a selling tool in a buyer's market. Many first time buyers need some seller's concessions in order to purchase the property. It depends on how much you want to sell. If you can afford to hold on to the property and do not need a sale at present, you can wait until the seller's market improves.
In Florida are sellers of a home responsible for deficiency judgments?
If the sellers sold the home for as much as they owed on the loan, there is no possibility for a deficiency judgment, since there is no deficiency. If the sale was through a short sale where the bank took less than it was owed but allowed the homeowners to sell and walk away, the bank would have to sue for the deficiency judgment.
Is there a market for used concession trailers?
Several guides for the purchase of a used concession trailer are available online. In short, yes, there is a market! There is a helpful eBay guide entitled "How to Choose a Used Concession Trailer".
Where can one go to purchase used concession trailers?
You can check you local newspaper to see if anyone is sealing or even giving away a used concession trailers. Search Craigslist for used concession trailers there are tons of sites that sale used goods.
What are the Benefits of real estate short sale?
Short sales offer a number of benefits to buyers. Because, during a short sale, homeowners agree to sell a house for less than the amount owed on the mortgage loan. This type of sale requires the lender to approve of the deal, while short sales sometimes leave sellers owing money to the lender, they also provide an alternative to foreclosure. In addition to helping the seller protect their credit.
What position does Justin Sellers play?
Justin Sellers is a short stop for the Cleveland Indians.
When does a buyer receive the seller's concession?
At the closing table when all funds from the sale/purchase of the home are exchanged.
