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The seller could negotiate a higher interest rate. The seller could negotiate a higher selling price. The property could be sold "as is" so there will be no need for repairs. [5] The seller could choose which security documents (mortgage, deed of trust, land sales document, etc.) to best secure his/her interest until the loan is paid.
A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common reasons for buyers to back out include issues revealed during a home ...
The financing company is likely to be represented in this discussion by either a car dealer or automotive finance broker. [6] This form of contract purchase was originally used more by businesses than individuals, but there has been steadily increasing use by consumers in countries such as the UK in recent years.
For commercial banks and large finance companies, "loan agreements" are usually not categorized although "loan portfolios" are often broadly characterized into "personal" and "commercial" loans while the "commercial" category is then subdivided into "industrial" and "commercial real estate" loans.
A buyer who has entered into a contract with a seller who wants to back out should consult a real estate attorney. If the buyer wants to take the case to court, they may have grounds to sue the ...
When it comes time to get rid of your old car, you might wonder: "Should I sell my car to a dealer or privately?" Selling privately is more likely to get you the best price.