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What happens if I make an down payment for land but do not pay the balance at the required time?
Wiki User
∙ 15y ago
If you didn't pay the balance on the land at the required time, then you breached the contract with the seller. In your case, except in case of an equitable grace period, the seller has the right to keep your down payment as penalty and refuse to sell you the property. You can contact a real estate attorney in your area if there are special circumstances that would warrant an equitable grace period.
Wiki User
∙ 15y ago
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What payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What is a payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What is meant by a current account deficit on balance of payment?
it is down
Car dealer forgot down payment?
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
Can i refinance car loan with another down payment?
If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.
How much down payment is required on a loan of 40000.00 if the down payment percentage is 20 percent?
20 percent of 40,000 is 8,000.
What happens to your down payment in foreclosure?
The money is gone after foreclosure.
How much of a down payment would be required for a house costing 150000?
You don't ever have to put a down payment down (unless your lender bank requires you to), however 20% of the value usually is the norm. We bought our house with NO down payment.
If credit card payment is 90 days past due what happens to the account?
It is going to show a late payment for 90 days on your credit report. Your interest rate may have increased, as well as your balance. Most companies add late charges. The best thing to do is to immediately pay the minimum payment and get started again. If your balance exceeds the maximum, you need to get cracking and get it paid down below that figure.
How Much Down Payment Is Required In Equipment Leasing Agreement?
It depends if you are a start-up or not. In some instances a down payment can be a requirement for leasing equipment. Usually the minimum down payment would be equal to two monthly lease payments.
A car is twenty seven thousand dollars and you give a 10 percent down payment how much would it be?
10% of $27,000 is $2,700.$27,000 Initial Cost2,700 Down Payment$24,300 Balance
What is the term for the portion of the price that must be paid before the remaining balance can be financed on credit?
Down Payment.
