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A simple example of not at arm's length is the sale of real property from parents to children. The parents might wish to sell the property to their children at a price below market value, but such a transaction might later be classified by a court as a gift rather than a bona fide sale, which could have tax and other legal consequences. To ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. Classified advertisements website Craigslist Inc. Logo used since 1995 Screenshot of the main page on January 26, 2008 Type of business Private Type of site Classifieds, forums Available in English, French, German, Dutch, Spanish, Italian, Portuguese Founded 1995 ; 30 years ago (1995 ...
Brothers Nathan Phillips and Grenville Mellen Dodge started the Dodge Company in 1855. While working as a land surveyor for the railroads in the Missouri River Valley, Grenville wrote to his younger brother Nathan Phillips (1837–1911) and told him to "forget high school" and come join him. N.P. worked his way out on a surveying crew in 1853 and together the brothers started a small land ...
When choosing between a 10/1 ARM vs. a 30-year fixed mortgage, consider your long-term plans, 30-year fixed vs. 10/1 ARM pros and cons and whether the potential risks and costs of an ARM outweigh ...
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A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
In real estate, the term is commonly used by banks and building societies to represent the ratio of the first mortgage line as a percentage of the total appraised value of real property. For instance, if someone borrows $130,000 to purchase a house worth $150,000 , the LTV ratio is $130,000 to 150,000 or $130,000 / $150,000 , or 87%.