Scarlett O’Hara faced financial trouble in Gone with the Wind when taxes on her home were raised to an unaffordable amount. Today, non-payment of taxes can lead to tax sales, including tax lien sales and tax deed sales. Buying a lien can lead to steps such as garnishing wages, while buying a tax deed can […]
An ask price is the price at which investors are willing to sell an asset, while a bid price is the price at which they are willing to buy. The difference between the two is the spread, which represents the fees earned by market specialists. In OTC markets, bid and ask prices are displayed electronically, […]
Guaranteed sales can mean wholesalers taking back unsold goods or realtors buying unsold homes. Secured sales agreements, also known as consignment sales, can involve upfront payment or no payment until the retailer sells the product. It is important to read the terms and conditions carefully to avoid unexpected liability. A guaranteed sale in real estate […]
Trust deed sales are a type of foreclosure where the trustee sells the property on behalf of the lender without court oversight. The trustee is an impartial third party, and the sale occurs about four months after a notice of default is posted. Trust deeds are agreements between borrowers, lenders, and trustees, and the trustee […]
Distressed sales involve urgent selling of assets, often due to financial distress. Real estate and securities are common examples, with little profit left for the owner. Charitable sales for tax deductions are also possible, but require careful review of tax laws. A distressed sale is an urgent sale of property by the owner. In many […]
A white elephant sale is a non-professional group sale of donated items, often used as a fundraiser for non-profit groups. The quality and value of items vary, and profits can be low due to the cost of running the sale. Unsold items may be stored for the following year’s sale. A white elephant sale is […]
A sale and lease is when a landlord sells a property to a buyer with the intention of leasing it back. This can be beneficial for both parties, but there are risks to consider, such as the possibility of the new owner selling the property during the previous owner’s lease. A sale and lease is […]
Curbside sales are outdoor events where retailers sell off-season merchandise outside their stores. Clothing, book, and gift shops are common participants, while electronics and luxury goods retailers typically do not participate due to security concerns. Curbside sales are popular with customers looking for bargains and can help retailers attract new customers and clear out seasonal […]
