Suppose you want to secure the right to purchase a particula…
Suppose you want to secure the right to purchase a particular parcel of vacant landon a specified date in the future at a fixed price. You are willing to pay $5,000 forthis right. But, you don’t want to feel obligated to purchase the property if youchange your mind prior to the specified date. What kind of contract should youuse?
Read DetailsSuppose a property has estimated real estate taxes for the c…
Suppose a property has estimated real estate taxes for the current year of$4,398.25 dollars and that taxes are paid at the end of the year. If the property isbeing sold on May 25 in a year with 365 days and the buyer and seller agree toprorate the taxes at the time of closing with the buyer being responsible for theday of closing, what amount will be charged to the seller on the settlementstatement?
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