Sentences with phrase «sellers holding properties»

Since the inception of its waiver of anti-flipping rules, FHA cites the approximate value of 42,000 FHA mortgages arising from sales by sellers holding properties less than 90 days at $ 7 billion.

Not exact matches

The equipment becomes the property of the purchaser on delivery, but the seller holds a mortgage claim against it until the amount specified in the contract is paid.

Ithaca Capital Partners, a real estate investment management company, is pleased to announce the execution of a binding agreement between a holding company (the «Buyer») and Caribbean Property Group (the «Seller»), for the acquisition (the «Transaction») of a portfolio of Hotel assets (the «Portfolio»).

In this post we examine sales of single family homes in the District to see how long sellers in the District held on to their property before selling and whether the gains realized by sellers depend on how long they held their property.

Let's say, for example, that a long - lost relative of the seller turns up with indisputable evidence that the relative - and not the seller - holds legal title to the property.

Seller financing, in which the person selling the house creates and holds the note on the property, is one such strategy.

Each month that you hold the property with money going out to cover carrying costs and no money coming in you will gradually turn into the classic «motivated seller» other buyers are looking to take advantage of.

Seller financing, holding rentals (using a property manager), private lending, etc. fall into this category.

Step 3: advance the proceeds held for the exchange to purchase replacement property from a third party seller; and

Back in November, I posted about Seller Property Information Statements («SPIS «-RRB- and a case in which a vendor was found to have misrepresented the answer to a question on the SPIS and was held to be liable.

A firm of conveyancers has been held liable by the High Court for a # 500,000 property fraud perpetrated by their client, in a landmark decision defining obligations owed by a seller's solicitor to a purchaser.

My best bet is that this would be a good buy and hold property for the are it's in but only if the seller / wholesaler comes down on the price significantly.

If the defect is proved to have existed prior to selling the property but the seller didn't know about it (perhaps the defect didn't appear while the seller owned the property), then the seller can't be held liable, even innocently.

With those definitions and articles from the «Trading Act» how can a company that holds itself out as being available to trade in real estate through offering «professional services», posting properties for sale on websites and by providing helpful packages which include the «Offer Maker for the «private seller» and that in the words of Dale «By partnering together, PropertyGuys.com and Realtysellers will be uniquely positioned to deliver the broadest range of professional services...» be exempt from governance by these laws?

• Deed: The county recorder's office will keep this original document, which details how you hold title, the names of the sellers giving you title and the property's legal description.

A few months later, several meetings were held between the seller, an adjacent property owner, the licensee, and a new purchaser.

Tired of seeing Realtor.ca listing held by a Regina broker for property on Vancouver Island and needing to call Regina to find out the seller will not pay a buyers agent commission and in fact doesn't like Realtors (but sure likes the access to OUR Realtor.ca)

Contract for deed: A sales contract in which the buyer takes possession of the property but the seller holds title until the loan is paid.

Therefore, a Realtor holding an open house may hopefully gain more than one sale due to winning over visitors as buyer clients whilst the subject property may never sell during the contract period with the seller.

There have more been somewhat more often complaints from other Realtors that properties have been sold before they were able to bring their buyers in however I've always believed it may not in the best interests of a seller to hold off an offer today for a buyer that may appear tomorrow.

In the instance where the seller of the property currently has an outstanding bond, the bank holding the bond would instruct a bond cancellation attorney to attend to its termination.

These are not typical flips or buy & hold properties and will cost MUCHO to restore, so carefully evaluate you motives for even thinking of them and be sure you have a viable exit (one that works for your the seller & the buyer) plan BEFORE you even make your offer.

Just because some / a small minority of open houses result in sales does not mean that sellers should expect that their particular properties will sell due to the holding of open houses.

Re: part of your second paragraph to Alan, beginning with «To me, and to any reasonably lucid homeowner, it is obvious that the main purpose of such marketing...» (holding open houses) ``... is to expose the seller's property to the buying public, which happens to be the same purpose for newspaper and internet advertising.»

P.S.: To Alan's query: Did you / do you disclose up front to open house sellers that open houses are regularly used by Realtors to acquire buyer clients and that open house subject properties are seldom sold via holding open houses?

But in my experience, the vast majority of my sellers typically ask ME if I plan to hold them for their property.

The trial judge came to the conclusion that the sellers were not forthright but rather were dishonest in not disclosing defects on the property and held the sellers liable.

He held that «the obligation is to disclose possibilities of which the sellers are aware if those possibilities are potentially dangerous or if they might render the property unfit for habitation».

However, there are some stumbling blocks that are holding up the listing of available property stock, the biggest being resistance from sellers when it comes to providing the required Financial Intelligence Centre Act (FICA) documentation before a property can be listed on the market.

A South Carolina court ruled that a buyer who learned from an inspection report that there were signs of water damage on the property can't later hold a broker or seller liable for failing to disclose those problems.

The Buyer acknowledges that it is his responsibility to do his own due diligence regarding any anomalies that may be associated with the subject property, such as but not limited to: the location of half - way houses, group homes, child molesters, grow houses, sewage treatment plants, plans for highway expansions, road widenings, locations of fire hydrants, proposed plazas or other retail property, proposed dump sites and such other issues that may impact future value (s) of the subject property, beside, behind, in the foreground of, or in any position that may impact value (s), including but not limited to: any change or increase in taxes due to Current Market Value Assessment alterations or changes of any sort, brought about by such situations that may affect the subject property now or in the future, and the Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved in the transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and in particular if they have not been disclosed by the Seller or the Listing Agent / Company.

I bet that neither Mr. Robbins here, nor those who will take his advice, will ever during a listing presentation, let the seller know that the Realtor's purpose behind the open house they're offering to hold is to bring in more sellers for the Realtor and it is not to market their property.

Although the time - honoured saying «buyer beware»» still holds, in law the seller has a legal obligation to disclose what are considered «latent» defects in the property that are related to certain physical conditions or amenities.

I'm not sure I can get the seller to hold a note as the property is bank - owned and I am giving a very low offer.

What they are essentially saying to the seller is that they are going to buy their property for 875k, but if the seller is willing to hold that note for 875k (or maybe less depending on if they also give the seller cash as a downpayment which could sweeten the deal) then with the interest paid over the term, they will effectively be netting a higher profit than 875k on the property because they also made money from the interest on loaning the money.

One clue might be that the seller is the financial institution that holds the mortgage on the property.

Regarding agency by receipt of commission, the court held that such receipt did not turn Zoda from purchaser into «selling agent» of the house, as she was not under control of the seller, could not have sold property to anyone else, and did no more than any other purchaser of a home.

The Massachusetts Appellate Court held that a buyer was entitled to rescission of a purchase contract where the defendant / seller disclosed certain soil contamination on the property but did not disclose groundwater contamination.

A buyer who learned from an inspection report that there were signs of water damage on the property can't later hold a broker or seller liable for failing to disclose those problems, ruled a South Carolina court.

A 1996 Kansas case had a very favorable outcome for real estate practitioners, holding that they «may protect themselves from negligent misrepresentation actions by disclaiming knowledge of the property's defects and having a seller acknowledge such disclaimer.»

Smitha warns that American buyers who fails to withhold 10 percent from the purchase price of foreign - owned properties to remit to the Internal Revenue Service may be held liable for a U.S. tax that foreign sellers are supposed to pay.

If there is a subsequent sale of the property and the licensee, who is the principal shareholder of ABC Mortgage Corporation which holds the mortgage registered against the property, is not providing trading services to the seller and buyer of the property and has no knowledge of the sale, that licensee would not be required to make disclosure in accordance with section 5 - 9 of the Rules.

Between speaking engagements and mentoring other investors, Larry oversees the daily operations of his investing business that wholesales properties, seller finances properties and holds properties for investment.

Anderson, South Carolina: Bernie Bastian and John Powell, CCIM of NAI Earle Furman represented the seller, 3B & V Properties, LLC, in the sale of a 7,000 SF retail property located at 134 North Main Street to Rogue Holdings, LLC.

The same licensee would also be required to disclose the potential conflict of interest as required by section 3 - 3 (1)(j) of the Rules if the licensee was representing the buyer or seller or both and was at the same time holding a mortgage against the property either personally or through a corporation.

A Warranty Deed is where the grantor (seller) guarantees that he or she holds clear title to a property and has the right to sell the property.

When you sell real estate or personal property that will be part of a 1031 exchange and you carry back an installment note (seller carry back financing) to facilitate the sale of the asset, the installment note must also be included as part of the tax - deferred exchange account held by the Qualified Intermediary in order to defer all of your income tax liabilities.

This means that the seller's mortgage remains in place but the investor actually holds the deed to the property.

2d 651) holding that no cause of action exists under the Property Condition Disclosure Act; court finds buyer entitled to $ 500.00 credit under RPL § 465 (1) where seller delivered an incomplete Property Condition Disclosure Statement; seller failed to perform the duty to deliver a Disclosure Statement pursuant to the PCDA when the statement was incomplete; cause of action exists under RPL § 462 (2) for willful failure to perform the requirements of the PCDA where (i) a deliberate misstatement or misstatements in a fully completed and timely delivered PCDS regarding the defective condition complained of (ii) that would tend to assure a reasonably prudent buyer that no such condition existed, and (iii) which a professional inspector might not discover upon an inspection of the premises that would meet generally accepted standards in the trade; definition of «willful failure to perform» acknowledges legislative intent not to alter the respective burdens of the buyer and seller in the transactions; statutory cause of action replaces buyer's burden of having to plead and prove the seller's active physical concealment of the condition with proof that the misstatement about the condition on the PCDS was deliberate

THIRD PARTY DISPUTES (SELLER»S DUTY TO DEFEND): In the event of an arbitration claim or lawsuit arising out of alleged actions or omissions of Seller against or in any way involving Broker that seeks payment of a commission or money damages in connection with the sale or attempted sale of the Property, Seller agrees to indemnify, defend, and hold Broker harmless from, and provide a full defense and aid to Broker with respect to any such claim or lawsuit («Duty to Defend&raSELLER»S DUTY TO DEFEND): In the event of an arbitration claim or lawsuit arising out of alleged actions or omissions of Seller against or in any way involving Broker that seeks payment of a commission or money damages in connection with the sale or attempted sale of the Property, Seller agrees to indemnify, defend, and hold Broker harmless from, and provide a full defense and aid to Broker with respect to any such claim or lawsuit («Duty to Defend&raSeller against or in any way involving Broker that seeks payment of a commission or money damages in connection with the sale or attempted sale of the Property, Seller agrees to indemnify, defend, and hold Broker harmless from, and provide a full defense and aid to Broker with respect to any such claim or lawsuit («Duty to Defend&raSeller agrees to indemnify, defend, and hold Broker harmless from, and provide a full defense and aid to Broker with respect to any such claim or lawsuit («Duty to Defend»).