Short-sale approval is often contingent on the buyer and seller making concessions. This means that the lender could ask the buyers to pay a higher price. The seller could be asked to bring money into escrow so that the lender nets more from the sale than the contract provides. If either party is unable or [...]
First Internet message sent 40 years ago
Internet messages started with a crash 40 years ago today, and life hasn’t been the same since. “We transmitted the ‘L’ … and the ‘O’ — and then the other computer crashed,” says UCLA’s Leonard Kleinrock, who helped send that first message on the university’s campus on Oct. 29, [...]
When buying a home occupied by renter, buyers should be aware of some key issues when purchasing a short sale or foreclosure property occupied by a renter. Legislation called the Protecting Tenants at Foreclosure Act of 2009 is relevant to these transactions. This piece of legislation applies where:
A lease agreement [...]