Como Se Compra Una Casa En Short Sale In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00442
Format:
Word;
Rich Text
Instant download
Description
The document is a Buy-Sell Agreement, which outlines the conditions under which the sale of stock owned by shareholders of a corporation can occur. It facilitates the transfer of shares upon various triggering events, such as the sale of stock by a living stockholder or the death of a stockholder, ensuring that the corporation or existing shareholders have the first right to buy the shares. The agreement includes methods for determining the value of the shares, stipulating that a reassessment occurs annually and that certain life insurance policies will secure the purchase price for deceased stockholders' shares. Specific notice requirements for selling or transferring shares are established, giving the corporation and other shareholders opportunity to purchase shares before they are sold to outside parties. This agreement is essential for maintaining control over stock ownership within the corporation and preventing unwanted ownership changes. It is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in guiding the negotiation and drafting of agreements that ensure orderly business transitions and adherence to corporate governance. It lays out clear roles and responsibilities, promoting understanding and compliance among all parties involved.
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FAQ
Short sales allow a homeowner to dispose of a property that is losing value. Although they do not recoup the costs of their mortgage, a short sale allows a buyer to escape foreclosure, which can be much more damaging to their credit score.
The most basic is physical selling short or short-selling, by which the short seller borrows an asset (often a security such as a share of stock or a bond) and quickly sells it. The short seller must later buy the same amount of the asset to return it to the lender.
