Sentences with phrase «seller on the deficiency»
Sellers are relieved of the burden of an underwater house and are able to get on with their lives, and banks get the property off their books, and deal with the seller on the deficiency issue.
http://aboutfloridalaw.com/ Not exact matches
The Bean and Grain Project also seeks to evaluate deficiencies in the food system infrastructure, build buyer / seller relationships for locally grown food, and compile information on organic and sustainable agricultural practices specific to this region.
Who is going to ensure that on closing, the seller has given all pertinent information regarding latent or patent deficiencies?
The seller will have the opportunity to correct any deficiencies noted on the report itself.
Unless something happens, those sellers aren't going to be so anxious to short sale the home if they're going to face a tax on the deficiency amount as income to them.
Remember — unless something changes up in Washington, the tax break on deficiencies will expire on New Year's Eve and starting in 2013, the seller in a short sale will have a tax liability for the «short» part of the payoff.
Somehow, the condo was purchased for much less than its market value, resulting in the lender taking a loss on the deal and the seller facing a deficiency issue.