| |
What happens to earnest money when seller refuses make repairs to property?
Depending upon the language of the escrow contract, you do have a right to enforce the terms of the agreement in the appropriate venue. Alternatively, call up the seller, tell them that they did not perform and you want to the money. If they agree, have them sign a release by and between the parties. If they refuse to sign a release agreement, releasing the money to you, tell them that you will have to enforce your rights under the contract and will take them to court. Depending upon the amount in question and the cost of hiring an attorney, the seller will understand that it is more cost effective to give you what you are legally entitled to under the theory of non-performance of a contract.
|
When and how can an application be made for home loans?
An application for home loans can be made any time after you have decided to acquire/construct a property.
|
How to you qualify for a short sale?
The lender may agree to allow you to short sell your home if you prove to them that the market value of your home is less than you owe, and that you are not able to keep current the mortgage that you agreed to pay. You will need to demonstrate both of these things to the lender - basically, by allowing you to short sell, the lender is allowing you to not pay them back the full amount owed. No lender wants you to short sell - but some admit that they will lose less money and have less aggravation by allowing you to sell your home for as much as the market allows (as opposed to foreclosing and evicting you and then having to sell as a bank-owned property).
|
How is the mode of payment for NRI home loans?
The loan towards the house has to be paid upfront for the entire tenure of the loan by way of direct remittances from abroad through normal banking channels or from such accounts as may be permitted by RBI from time to time.
|
Who is a person of Indian Origin (PIO)?
A Person of Indian Origin (PIO) is a citizen of any other country but whose ancestors were Indian nationals at least four generations away.
|
Demo..??
DemoDemo DemoDemoDemoDemoDemoDemoDemo
DemoDemoDemoDemoDemoDemoDemoDemoDemo
|