The Rebel Sell book argues that counterculture actually fuels consumerism, with individuals paying more to look individual while contributing to consumerism. The concept of the rebel sale dissects the legal counterculture and how big companies have the power to change song lyrics. The problem is that true individuals who stay ahead of trends do not […]
Bake sales are community events where homemade baked goods are sold to raise money for a specific purpose. Cupcakes, cookies, and smaller cakes are popular items. Organization and volunteers are key to a successful bake sale. A bake sale is usually held by community members to raise money for a specific purpose. For example, bake […]
Church sales are events where donated second-hand goods are sold to raise funds for charity, which can be local or international. They are similar to yard sales but are themed and overseen by church volunteers. They are often held to raise funds for mission trips and can include food sales. Prices vary and sales are […]
To become a short sale real estate agent in the US, one must obtain a real estate sales license and may join the National Association of Realtors. There is no specific certification for short selling, but agents can learn from experienced sales agents and must develop relationships with mortgage lenders and keep organized paperwork to […]
An automobile bill of sale is a legal contract that transfers ownership rights from one person to another. It includes the names of the parties, car description, terms of agreement, and VIN. The transfer can be conditional or absolute, and tax implications may apply. The deed of sale of an automobile transfers ownership rights to […]
A trailer bill of sale is a legal document that transfers ownership of a trailer or manufactured home. There are two types: absolute and conditional. Details such as purchase price, names, and signatures should be included. It’s important to file the sales invoice with authorities and seek legal expertise. A trailer bill of sale is […]
A sale or trade involves a voluntary exchange of property with both parties receiving value, resulting in taxable gain or loss. Tax laws vary, and some transactions may not create a tax burden, such as property exchanges. It’s important to consult applicable laws when preparing tax returns. A sale or trade is a legal term […]
Forced sale is a court-ordered sale of property to settle an outstanding debt, typically after all reasonable efforts to work with the debtor have been exhausted. The process is time-consuming and expensive, and creditors tend to try every possible approach before filing a lawsuit. Also known as a sheriff’s sale, a forced sale is a […]
A sales contract is a legally binding agreement between two or more parties for the transfer of an asset in exchange for payment. Contracts must meet certain criteria, such as value from both parties and a clear description of the asset and price. Different countries have their own regulations, such as the UCC in the […]
A sheriff’s sale is an auction used to sell properties on which a borrower has defaulted. It is not the same as tax sales. The properties are auctioned due to court-ordered foreclosures, and buyers must accept them as-is. Prospective buyers bid on properties, and initial offers are usually low. A sheriff’s sale is an auction […]
A lien sale is a sale of an asset or its lien to recover debt, often seen with vehicles and real estate. Before the sale, legal authority must be obtained, notices posted, and inspections conducted. Buyers should inspect the property and research any pending privileges. A lien sale is a sale of a lienable asset, […]
An endowment sale is when a policyholder sells their endowment policy to a buyer, usually a specialized company. The sale can be done through a gift sale, auction, or market maker. There are two types of policies: unit-linked and traditional with benefits. It’s important to explore alternatives before selling. An endowment sale is a transaction […]
A bulk sale is when a business sells most or all of its assets to a single buyer, often to liquidate inventory or settle debts. Wholesaling laws protect buyers’ rights and require sellers to disclose debt information. Normal sales activity differs by industry, and wholesale sales require special arrangements. Sometimes referred to as a bulk […]
A conditional sale implies that there are conditions attached to the sale that must be met before it’s valid. It’s important to read the accompanying documentation and seek legal counsel for large or complex sales. There are two types of conditional sales: one where title is transferred after certain conditions are met by the buyer, […]
A motorcycle bill of sale is a document that transfers ownership of a motorcycle and should include the model, names and addresses of previous and new owners, identification numbers, dates, amount paid, and conditions of sale. It is important to include a bill of sale even when a title is exchanged, especially for classic motorcycles […]
A fire sale is a sale where goods are sold at extremely low prices, often below retail or wholesale value, to clear out merchandise quickly. It can be held after disasters or during bankruptcy proceedings, and can be a good opportunity for bargain hunters. A fire sale is a sale in which goods are sold […]
A trustee is appointed by a court to hold property for the benefit of a beneficiary, often following foreclosure or bankruptcy proceedings. A Trust Sale Notice is required when the trustee intends to sell the property at auction, with specific requirements varying by jurisdiction. In foreclosure and bankruptcy sales, the highest bidder becomes the owner […]
A short sale package is a proposal to buy a home facing foreclosure for less than the payment amount. It includes supporting documents and can help avoid the expense and negative publicity of foreclosure. The lender specifies the minimum elements, including a hardship letter and additional documents to demonstrate the owner’s needs. The package can […]
Scarlett O’Hara in Gone with the Wind faced financial trouble when taxes on her home rose beyond her means. Today, tax sales occur when people fail to pay taxes, resulting in tax lien or tax deed sales where people can acquire property by paying back taxes. Tax deed sales can offer opportunities to buy property […]
A power of sale clause in a mortgage agreement allows the lender to take control of the property and sell it to a third party if the borrower fails to make payments. It protects both the lender and debtor’s rights, but lenders may prefer to work with borrowers to avoid costly foreclosure proceedings. A power […]
