1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
EleoNora [17]
2 years ago
6

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

#SPJ4

You might be interested in
On January 1, 2017, Waterway Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base
nikklg [1K]

Answer and Explanation:

The journal entries are as follows;

a. On Jan 1

No journal entry is required

b. On Feb 5

Contra asset Dr $1,320

        To Sales revenue $1,320

(being sales revenue is recorded)

Cost of goods sold Dr $670

            To Inventory $670

(being cost of goods sold is recorded)

c. On Feb 25

Cash $3,300

Contra asset Dr $1,320

        To Sales revenue $1,980

(being sales revenue is recorded)

Cost of goods sold Dr $300

            To Inventory $300

(being cost of goods sold is recorded)

5 0
2 years ago
In the experiment described in the passage, noumenon corporation was trying to determine the price that
sattari [20]
<span>The corporation was trying to determine the price that would bring in the most money.
The pricing of the product will be determined by several main factors such as the total cost to create the products , the situation with competitors, the rarity of the products,  and the predicted average earnings that their target consumers had,</span>
7 0
3 years ago
When traveling to another country you have the choice of paying for the stay when you book the reservation or when you check out
Digiron [165]

Answer and Explanation:

In the given situation, it is mentioned that while travelling to another country you have two choices for paying at the time of booking or at the time of checking out. Now at Jan the person made a reservation for staying at Italy and completed the stay as on April 30th so here the change in inflation would be matters whether it is increasing or decreasing. It is better to pay off at advances as there is a chances that the price could rise in near future

3 0
3 years ago
For purposes of determining current​ E&amp;P, which of the following items cannot be deducted in the year​ incurred? A. dividend
Bogdan [553]

Answer:

A. dividendsminus−received deduction.

Explanation:

This allows companies to avoid mostly third taxes on the same earnings.

It is explained to be a federal tax deduction in the U.S. that is given to certain corporations that get dividends from related entities. The amount of the dividend that a company can deduct from its income tax is tied to how much ownership the company has in the dividend-paying company. However, there are criteria that must be met in order to qualify for a DRD.

The dividends received deduction allows a company that receives a dividend from another company to deduct that dividend from its income and reduce its income tax accordingly.

7 0
3 years ago
The Crunchy Potato Chip Company sells chips in boxes with a net weight of 846 grams per box . Each box contains ten individual 3
Alinara [238K]

Answer:

0.8

Explanation:

Given:

Number of chips contained in each box = 10

Weight of each packet of chips = 3 ounce

Average weight per box = 853 grams

Upper specification limit of the weight = 846 + 12 grams = 858 grams

Lower specification limit of the weight = 846 - 12 grams = 834 grams

Standard deviation, σ = 5 grams

Now,

Capability index = \frac{\textup{Upper limit - Lower limit}}{6\sigma}

or

Capability index = \frac{858 - 834}{6\times5}

or

Capability index = 0.8

7 0
3 years ago
Other questions:
  • Suppose that a firm produces 10 units of output. Its Average Variable Cost (AVC) = $25, Average Fixed Cost (AFC) = $5, and Margi
    6·1 answer
  • Please help business
    9·1 answer
  • Which of the statements is true regarding advertising? Perfectly competitive firms have the strongest incentive to advertise. Ad
    12·1 answer
  • On June 30, 2018, Campbell Company’s total current assets were $500,500 and its total current liabilities were $276,500. On July
    7·1 answer
  • What can be used to customize how the data is tracked in the Conversions<br> column
    5·1 answer
  • The company has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8
    9·1 answer
  • Which conditions contribute to engine deposits ?
    12·1 answer
  • What's Target's code of ethics?<br><br><br><br><br> don't give links as answers, thankyou
    5·1 answer
  • Mega corp.has $10,000 in net income and $40,000 in sales. What is mega corp.’s profit margin?
    12·1 answer
  • FBLA-PBL state chapters usually have a number of elected__________ who
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!