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How Seller Concessions Work

How Seller Concessions Work

Seller concessions, seller contributions, seller credits and closing cost credits—what do these things have in common? Well, how about the fact that they’re all the exact same thing? Seller concessions are essentially monetary contributions the buyer asks the seller...

How Does Bankruptcy Protection Work?

When a person or business concludes that paying off their debts just isn't a realistic option, they may file for bankruptcy in Federal Bankruptcy court. A bankruptcy filing places an automatic stay on debt-related actions and judgements, including wage garnishment�...

Power of Attorney: The Most Common Types

Imagine a board game player telling a friend 'roll for me, but don't sell anything.' Would the friend continue to roll when the player returned? Probably not. In game terms, they were granting a limited, temporary power to act on their behalf. These two concepts - ...

What is a Deed In Lieu?

'Deed In Lieu' is a common short-hand term for a particular situation. Namely: when a borrower can't make loan payments and hands over their deed to the property instead, so that the lender does not have to take the home. The full phrase is 'deed in lieu of forec...

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