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2 years ago

What's one reason that buyers might need additional cash at closing for a short sale?

Business

1 answer:

Ugo [173]2 years ago

7 0

Short sales don't clear liens from the title, so buyers may have to pay debts at closing.

A short sale affects whilst a vendor would not obtain sufficient coins from a buyer to pay off their mortgages. The seller may want to have paid or borrowed an excessive amount for the assets. The housing marketplace may have dropped, so its honest marketplace price is much less than the modern-day loan stability.

A short sale is when a mortgage lender has the same opinion to accept a loan payoff quantity less than what's owed with the purpose to facilitate a sale of the property by a financially distressed owner. The lender forgives the remaining stability of the mortgage.

A short sale comes with quite some catches. There are extra parties involved than a standard sale making the system complex and often lengthy. In a conventional home sale, price negotiations show up among the consumer and vendor (or their representatives), now not the seller's bank.

Learn more about the short sales here: brainly.com/question/25743891

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lubasha [3.4K]

Answer:

Marketing Specialist

Explanation:

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3 years ago

Direct Labor Variances Advanced Micro Devices develops high-performing computing products. Assume one of its processors, Ryzen 7

Butoxors [25]

Answer and Explanation:

The computation is shown below:

a. The labor rate variance is

= (standard rate - actual rate) × actual labor hours

= ($20 - $19.50) × 64,000

= $32,000 favorable

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= (standard hours - actual hours) × standard rate

= (62,500 - 64,000) × $20

= -$30,000 unfavorable

c. the total flexible budget variance is

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= $2,000 favorable

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3 years ago

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sdas [7]

Answer:

Insured.

Policy Owner.

Beneficiary.

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3 years ago

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It is called a perpetuity

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1 year ago

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Talja [164]

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3 years ago