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How does an arm's length transaction bind the buyer and seller in future dealings with each other in regards to the property just exchanged between them?
For Short Sale transactions, Lenders typically track the name of the owner of record in public records for 120 days or longer to see if the house was "flipped" to another buyer. This monitoring of title by the lender also reveals if the property is resold to the original defaulting borrower.
I inform my buyers of these kind of purchases not to resell the property for one year after closing. New rules from Freddie Mac and Fannie Mae (on November 1, 2012) will clarify fllipping rules as well as the evaluation of short sale properties.
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What are the difference between trade and business?
trade is the exchange of goods or services business is a transaction where goods and services are exchanged so they are the same
What does casual exchange mean?
Casual exchange refers to an informal interaction or transaction between individuals, typically characterized by a relaxed atmosphere and a lack of strict protocols or expectations. This can involve the sharing of goods, services, or information without the formalities usually associated with business dealings. Such exchanges often occur in social settings and can foster community connections and relationships.
What is the laissiz-faire?
The transaction between private parties are free from state intervention.
How is real property different from personal property?
The difference between personal property and real property is that personal property can depreciate faster than improvement made on real property.
What is the difference between money and wealth?
Money refers to the currency and assets that can be easily exchanged for goods and services. Wealth, on the other hand, includes all assets and possessions owned by an individual or entity, such as property, investments, and valuable possessions. Wealth is a broader concept that encompasses money but also includes other forms of assets and resources.
What are the difference between trade and business?
trade is the exchange of goods or services business is a transaction where goods and services are exchanged so they are the same
Would acquiring the original deed be better than a quit claim deed?
No. In order to transfer title to real property to a new owner the new owner must get a deed from the present owner.The "original deed" was a transaction between the grantor and grantee on that deed.No. In order to transfer title to real property to a new owner the new owner must get a deed from the present owner.The "original deed" was a transaction between the grantor and grantee on that deed.No. In order to transfer title to real property to a new owner the new owner must get a deed from the present owner.The "original deed" was a transaction between the grantor and grantee on that deed.No. In order to transfer title to real property to a new owner the new owner must get a deed from the present owner.The "original deed" was a transaction between the grantor and grantee on that deed.
What is the difference between a cash transaction and a non cash transaction?
processing a transaction includes involves cash or non transaction and concept of different between two?
When I buy a stock, where does the money go?
When you buy a stock, the money you pay goes to the seller of the stock, which could be another investor or a company. This transaction does not directly impact the company's finances, as the money is exchanged between investors on the stock market.
Will the military ship a car to me if i buy it from someone deployed?
No. It's a transaction of personal property between you and that service member. The military has no obligation to ship anything on their behalf.
What is the Difference between primary and secondary market in transaction as related to flow of fund in transaction?
What is transaction what it contains
What are two sentence for bargain?
A bargain is a deal or transaction where goods or services are exchanged for a lower price than usual. It often involves negotiation to reach a mutually beneficial agreement between the buyer and seller.
What is exchanged between the aveoli and the capilarries?
oxygen.
What is a frontier of inclusion?
A great deal of intermixing and dealings between races
Difference between nested and distributed transaction?
·A nested transaction is a transaction that is logically decomposed into a hierarchy of sub transaction. A distributed transaction is logically a flat, indivisible transaction that operates on distributed data.
What is the difference between earnest money and escrow in a real estate transaction?
Earnest money is a deposit made by the buyer to show their commitment to purchasing the property, while escrow is a neutral third party that holds the funds and important documents during the transaction process.
What is an arms length transaction?
An arm's length transaction is a transaction that occurs between two unrelated parties, each of whom is acting in their own self interest and therefore trying to get the best deal for themselves, when a transaction is arm's length, the amount exchanged for it is considered to be fair market price.With that said, a NON arm's length transaction is one that occurs between related parties (when one entity has the ability to influence the decision making of another such as friends, family, sister corporations, etc). When a transaction takes place between related party it cannot be assumed that the transaction amount is the fair market value because both parties are not working in their own interest.For example, your mother may be being generous when selling you her car by giving you a large discount, or you might be doing her a favour and paying her more than it is worth.Arm's length is the legal description of an agreement made freely, for fair market consideration and when there is no special relationship between the parties. It can becomes an important consideration when other issues are present.For example, a sale of a property for fair consideration to a third party would be an arm's length transaction. A sale of the land for a minimal price from a father to his daughter would not. In some circumstances such as a transfer to avoid creditors the second transaction could be nullified by a court.
