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Short sales can provide an opportunity for buyers to purchase a home at a bargain price. However, the approval process with the seller’s mortgage lender can be complicated, and the home might ...
The civil fine is not considered to be a criminal punishment, because it is primarily sought in order to compensate the state for harm done to it, rather than to punish the wrongful conduct. As such, a civil penalty, in itself, will not carry jail time or other legal penalties. [1] [better source needed]
Before the housing meltdown, the term "short sale" was hardly part of the residential real estate vernacular. But now that about 11 million homeowners owe more than their homes are worth, millions ...
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A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Most countries make a clear distinction between civil and criminal procedure. For example, a criminal court may force a convicted defendant to pay a fine as punishment for their crime, and the legal costs of both the prosecution and defence. But the victim of the crime generally pursues their claim for compensation in a civil, not a criminal ...
Short sales are categorized as a distressed sale for a reason -- they are often a last-resort option to avoid a foreclosure. Skip to main content. Sign in. Mail. 24/7 Help. For premium support ...
Without publication of the existence of a lawsuit, innocent buyers might discover the existence of a lawsuit too late. The harsh effect of this rule, and its effect on innocent purchasers, led many jurisdictions to enact lis pendens statutes requiring a written notice, usually recorded in the land records where the real estate is located, for ...