Understanding the difference between short sale vs. foreclosure is important. Unlike the term foreclosure http://www.nikeshoes-cheapairmax.com/ , short sale is a term that most people are familiar with. This is because it is more common to hear of short sale transactions and rarely about foreclosures.
Short Sale vs. Foreclosure Dissected
In the real estate business, more and more people tend to opt for the short sale vs. foreclosure. The short sale is increasingly used as an avenue to forestall a foreclosure. It is no secret that more and more property owners are increasingly finding it difficult to meet their tax obligations.
Opting for a short sale vs. foreclosure is when one chooses to make an offer of a much lesser amount than what is owed to the creditor. There are a few more factors that surround the entire transaction before it becomes legally binding. When all is said and done short sale is a much better alternative than waiting for a foreclosure.
The negotiations and deals that surround this whole process are quite complex, and unless one is a professional cheap air max 720 , it may be difficult to navigate through. Processing the paper work normally takes several weeks; therefore, it is always a good idea to take as short time as possible.
If you are trying to make a decision between short sale vs. foreclosure, one will be in a much better position if they understood what foreclosure is. It is not a very common process since most people always prefer the short sale to it. The real estate experts will often advise an individual on ways to prevent a foreclosure.
It is very rare for anybody to benefit from a foreclosure. This is the reason why it is a rare occurrence. People would rather choose the short sale rather than foreclosure. In order to prepare for the worst cheap air max 270 , it is fundamental to understand what foreclosure is.
Home foreclosure can be initiated immediately after somebody misses the first payment. There is no time frame that has been set within which it can commence. It is a decision that a lender has to make based on the indicators that have been set. Therefore, understanding the different types of foreclosures available will help whoever is initiating the process to choose the best alternative.
When it comes to choosing between short sale vs. foreclosure, it is also beneficial for the defaulter to understand the available options. This will put one in a position to negotiate for what they feel is convenient for them. However cheap air max 95 , it is also good to point out that there is no pleasant foreclosure process. The home owners are rarely enthusiastic about the whole process, and as a result, they will not be willing to disclose their details.
If one intends to purchase property that is foreclosed it is good to know what goes on behind the scenes between a short sale vs. foreclosure. This will insulate an individual from making decisions that will expose them to significant losses when going for a foreclosed property. Having prior knowledge of the circumstances that surround a short sale vs. foreclosure will help one make informed decisions.
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How To Make Your Customers Pay On Time. Lessons From The Web Hosting Industry ECommerce Articles | August 19 cheap air max 97 , 2014 With the current economic situation globally, most businesses are under a lot of pressure to maintain financial stability. Payment default and collection is one of the key areas where money is lost. New techniques and tools allow businesses to ensure economic growth without compromising on quality. This article explains some subtle yet effective techniques of how web hosts recover money.
Payment collections is always a hassle for any business offering goods or services. In most industries, once goods have been dispatched or services have been rendered cheap air max 90 , the entire control to recover the compensation slips out of the hands of the seller. Where goods are concerned, you can do nothing but send reminders to your customers about the outstanding payments. In case of services, once they are rendered and the payment is in default cheap nike air max shoes , usually you may refuse to provide services in future unless the money is paid. Recurring services are at a bigger advantage since stoppage of services in future can be used to recover past debts. The telecommunications sector has a more significant advantage when it comes to recovery of dues.
Eg: Upon non-payment of a phone bill, the phone company can just disconnect your phone line from their end. They may also insist that you pre-pay for your connection and deduct call charges from your pre-paid balance.
The web hosting business also has a similar advantage. But mostly web hosts prefer to exercise restraint and resort to disconnection of services only as a last resort. This article highlights some key points which can be helpful to ensure that your business remains financially healthy and your cash flow is not held up by errant customers.
Incentive
Many electricity companies offer a discount of up to 5% if you pay promptly i.e. within 5 - 6 days of the bill date. This encourages customers to pay promptly and helps the electricity company advance its payments to maintain its cash flow. The incentive discount is adjusted against the next bill and mentally pleases the customer.
Penalty
Phone companies prefer the "stick" approach and impose a fine or penalty on late payments. Payments after the due date may also attract an additional interest on the unpaid amount. The bill clearly mentions what the amount will be after the due date. This acts as a deterrent to customers planning to procrastinate the payments.
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