What’s the difference between naperville short sales and foreclosure
•Download as DOCX, PDF•
0 likes•178 views
A short sale is an alternative to foreclosure for homeowners who owe more than their home is worth. In a short sale, the homeowner works with their lender to sell their home for less than what is owed on the mortgage. If approved by the lender, the home is sold through a real estate agent and the lender agrees to accept the proceeds of the sale even if it is less than the total amount owed. This allows the homeowner to avoid foreclosure. Some benefits of a short sale over foreclosure include less negative impact to the homeowner's credit score, the ability to buy a new home sooner, and not having to disclose the short sale in future loan applications.
Report
Share
Report
Share
Recommended
Unit 3 (gharar and qimar)
Gharar refers to uncertainty in the essential elements of a contract that makes the contract invalid according to Islamic law. There are several types of uncertainties that can cause Gharar, including uncertainty around the existence, possession, terms, subject matter, price, or time period. A contract with Gharar is not considered valid. Qimar refers to a contract where parties risk their wealth based on an uncertain outcome, with the possibility of one party gaining the other's wealth for nothing or losing their own wealth for nothing. For a contract to be considered Qimar, it must involve risking wealth between two or more parties based on an uncertain event, with the possibility of gaining another's wealth without compensation or losing one's own wealth
Free consent final presentation
The document discusses the requirements for free consent in contracts under Pakistani law. It defines consent, free consent, and outlines situations that negate free consent such as coercion, undue influence, fraud, misrepresentation, and mistake. Coercion is defined as threatening unlawful acts, while undue influence involves exploiting a position of power over another party. Contracts resulting from coercion, undue influence, fraud or misrepresentation are voidable at the option of the aggrieved party.
Gharar (uncertainty)
The document discusses the Islamic concepts of gharar and riba, which can invalidate contracts. Gharar refers to uncertainty, risk, or lack of knowledge in a contract's material terms that makes the subject matter's existence or delivery unknown. Riba refers to increased interest charged on loans, which is prohibited in Islam. The document provides examples of contracts that involve gharar and riba and explains the Islamic views on various debt instruments like bay al-inah and proposals to index loans to inflation. Scholars debate whether indexation is permitted to avoid creditors losing value due to inflation.
A free consent ppt bba
The document defines key concepts related to consent in contracts such as coercion, undue influence, and fraud. It states that consent requires parties to agree in the same sense. Coercion involves threatening unlawful acts, while undue influence involves exploiting a power imbalance in relationships like parent-child or doctor-patient. Fraud involves deception for personal gain through false statements, concealment of facts, or failing to disclose material information required. Mistakes can also vitiate consent if they involve misunderstandings about key facts by one or both parties.
Free consent
The document discusses various aspects of free consent in contracts such as coercion, undue influence, misrepresentation, fraud, and mistake. It defines these terms and explains how and when consent is considered not free due to these factors. Consent obtained through coercion, undue influence, fraud or misrepresentation makes the contract voidable at the option of the aggrieved party who can also claim damages in some cases. Mistakes can also vitiate consent if bilateral but not if unilateral unless induced by misrepresentation.
Free consent By RAZI ANWAR
The document discusses the concept of free consent in contracts. It defines free consent as consent that is not caused by coercion, undue influence, fraud, misrepresentation, or mistake. It examines each of these factors in detail - outlining what constitutes coercion, undue influence, fraud, misrepresentation, and mistakes of fact and law. It provides examples for each factor and discusses the consequences when free consent is compromised, such as contracts becoming voidable or requiring restitution.
Real estate principles_powerpoint_for_chapter_08
This document discusses various types of real estate sales contracts. It explains that the main purposes of a sales contract are to allow both parties time to ensure they can fulfill the agreement's terms and to make the signed promises legally binding. An earnest money deposit shows the buyer's good faith but is not required. Key elements of a purchase contract include provisions for the deposit, buyer's offer, seller's acceptance, broker fees, and closing instructions. Additional terms cover topics like inspections, financing conditions, property damage, and time limits. The document also outlines other contract types like binders, letters of intent, installment contracts, and options. Throughout, it stresses that a real estate license does not permit practicing law.
Misrepresentation in contract
This document discusses misrepresentation in contract law. It defines misrepresentation as a false statement made to influence another party to enter a contract. There are three types of misrepresentation: fraudulent, negligent, and innocent. Fraudulent misrepresentation involves knowingly making a false statement. Negligent misrepresentation occurs when a false statement is made carelessly. Innocent misrepresentation involves making an untrue statement mistakenly. A misrepresentation can allow the misled party to rescind a contract or claim damages. Exceptions exist where statements were vague opinions, promises of future intention, or involved changed circumstances.
Recommended
Unit 3 (gharar and qimar)
Gharar refers to uncertainty in the essential elements of a contract that makes the contract invalid according to Islamic law. There are several types of uncertainties that can cause Gharar, including uncertainty around the existence, possession, terms, subject matter, price, or time period. A contract with Gharar is not considered valid. Qimar refers to a contract where parties risk their wealth based on an uncertain outcome, with the possibility of one party gaining the other's wealth for nothing or losing their own wealth for nothing. For a contract to be considered Qimar, it must involve risking wealth between two or more parties based on an uncertain event, with the possibility of gaining another's wealth without compensation or losing one's own wealth
Free consent final presentation
The document discusses the requirements for free consent in contracts under Pakistani law. It defines consent, free consent, and outlines situations that negate free consent such as coercion, undue influence, fraud, misrepresentation, and mistake. Coercion is defined as threatening unlawful acts, while undue influence involves exploiting a position of power over another party. Contracts resulting from coercion, undue influence, fraud or misrepresentation are voidable at the option of the aggrieved party.
Gharar (uncertainty)
The document discusses the Islamic concepts of gharar and riba, which can invalidate contracts. Gharar refers to uncertainty, risk, or lack of knowledge in a contract's material terms that makes the subject matter's existence or delivery unknown. Riba refers to increased interest charged on loans, which is prohibited in Islam. The document provides examples of contracts that involve gharar and riba and explains the Islamic views on various debt instruments like bay al-inah and proposals to index loans to inflation. Scholars debate whether indexation is permitted to avoid creditors losing value due to inflation.
A free consent ppt bba
The document defines key concepts related to consent in contracts such as coercion, undue influence, and fraud. It states that consent requires parties to agree in the same sense. Coercion involves threatening unlawful acts, while undue influence involves exploiting a power imbalance in relationships like parent-child or doctor-patient. Fraud involves deception for personal gain through false statements, concealment of facts, or failing to disclose material information required. Mistakes can also vitiate consent if they involve misunderstandings about key facts by one or both parties.
Free consent
The document discusses various aspects of free consent in contracts such as coercion, undue influence, misrepresentation, fraud, and mistake. It defines these terms and explains how and when consent is considered not free due to these factors. Consent obtained through coercion, undue influence, fraud or misrepresentation makes the contract voidable at the option of the aggrieved party who can also claim damages in some cases. Mistakes can also vitiate consent if bilateral but not if unilateral unless induced by misrepresentation.
Free consent By RAZI ANWAR
The document discusses the concept of free consent in contracts. It defines free consent as consent that is not caused by coercion, undue influence, fraud, misrepresentation, or mistake. It examines each of these factors in detail - outlining what constitutes coercion, undue influence, fraud, misrepresentation, and mistakes of fact and law. It provides examples for each factor and discusses the consequences when free consent is compromised, such as contracts becoming voidable or requiring restitution.
Real estate principles_powerpoint_for_chapter_08
This document discusses various types of real estate sales contracts. It explains that the main purposes of a sales contract are to allow both parties time to ensure they can fulfill the agreement's terms and to make the signed promises legally binding. An earnest money deposit shows the buyer's good faith but is not required. Key elements of a purchase contract include provisions for the deposit, buyer's offer, seller's acceptance, broker fees, and closing instructions. Additional terms cover topics like inspections, financing conditions, property damage, and time limits. The document also outlines other contract types like binders, letters of intent, installment contracts, and options. Throughout, it stresses that a real estate license does not permit practicing law.
Misrepresentation in contract
This document discusses misrepresentation in contract law. It defines misrepresentation as a false statement made to influence another party to enter a contract. There are three types of misrepresentation: fraudulent, negligent, and innocent. Fraudulent misrepresentation involves knowingly making a false statement. Negligent misrepresentation occurs when a false statement is made carelessly. Innocent misrepresentation involves making an untrue statement mistakenly. A misrepresentation can allow the misled party to rescind a contract or claim damages. Exceptions exist where statements were vague opinions, promises of future intention, or involved changed circumstances.
free consent
This document discusses consent and contracts. It states that when consent is not free due to coercion, undue influence, fraud, or misrepresentation, the contract is usually voidable by the party whose consent was affected. It defines undue influence as using a dominant position over another party to obtain an unfair advantage. A mistake of fact can be either unilateral, where one party is mistaken, or bilateral, where both parties are mistaken about an essential matter, in which case the contract is void.
Intention to Create Legal Relations
Learning Outcome: After completing this lesson students will be able to -
a) understand the juristic basis of doctrine of intention to create legal relations
b) differentiate between the presumptions relating to domestic agreements and commercial transactions
Misrepresentation and fraud
This document discusses fraud and misrepresentation under Indian contract law. It defines fraud as intentionally deceiving another party through false suggestions, concealment of facts, promises without intent to perform, or other deceitful acts. Misrepresentation involves making an innocent but incorrect statement of fact. The key differences are that fraud requires intent and can result in damages, while misrepresentation is unintentional and usually does not lead to damages claims. Both can allow the deceived party to avoid the contract or demand its proper performance. The document outlines the elements of fraud and misrepresentation, available remedies, and exceptions regarding negligence or failure to discover the truth.
Presentation on law and misperception
This document discusses the key differences between fraud and misrepresentation in contract law. It notes that fraud involves an intentional deception by one party to induce the other party to enter a contract. Misrepresentation involves an innocent misstatement of fact that persuades the other party. For fraud, the representing party knows the statement is false, while for misrepresentation they believe it is true but it turns out to be incorrect. A contract induced by fraud can be voided even if the truth could be discovered through normal diligence, while misrepresentation does not allow voiding if the truth was reasonably discoverable.
Void Agreement in Business Law
This document summarizes key aspects of business law in India related to valid and void agreements. It discusses that for an agreement to be valid and enforceable, it cannot be declared void by law. Certain types of agreements are considered void, such as those that restrain marriage or lawful profession/business, limit a party's right to legal recourse, or have uncertain terms. Wagering agreements and agreements contingent upon impossible acts are also deemed void.
Free Consent
Free consent is necessary for a valid contract. Consent must be free from coercion, undue influence, fraud, misrepresentation, or mistake. Coercion involves threatening unlawful acts. Undue influence involves improperly using power over another's mind. Fraud involves intentional deception, while misrepresentation can be unintentional. A bilateral mistake of a fundamental fact by both parties makes a contract void, while a unilateral mistake only makes a contract voidable. Consent must involve agreement on the same terms by both parties with free and valid consent for a contract to be enforceable.
Vitiating Elements in Formation of Contract: Misrepresentation
The document discusses representation in contracts and misrepresentation. It defines misrepresentation as an unambiguous false statement of fact or law that is material and induces a contract. For a misrepresentation to be actionable, it must be a statement of existing fact, addressed to the party misled, and induce that party to enter the contract. Inducement means the misrepresentation would have induced a reasonable person. The document outlines different types of statements that can constitute misrepresentations and discusses key cases related to different elements of misrepresentation. It also discusses the Indian Contract Act provisions around misrepresentation and fraud.
Free consent
Section 13 of I.C.A . Define that’s consent as two or more person are said to consent when they are agree upon the same thing in the same sense
Nevada Foreclosure Quick Facts - Marshall Carrasco Short Sale Expert Reno NV
In Nevada, lenders may use either judicial or non-judicial foreclosure processes. Judicial foreclosure involves filing a lawsuit, while non-judicial uses a power of sale clause in the deed of trust. For non-judicial foreclosures, borrowers have 15-35 days to cure after a notice of default is recorded and mailed. If not cured, the property is auctioned after proper postings and advertisements. Borrowers may stop the sale by filing an intent to cure by noon the day before the scheduled sale. Lenders have 3 months to obtain a deficiency judgment after the sale.
free Consent
The document discusses various aspects of free consent in contracts such as coercion, undue influence, misrepresentation, and mistake. It provides definitions and examples of these concepts. It also summarizes a key court case - Bala Debi vs Majumdar, where an illiterate woman executed a deed of gift under the mistaken belief that it was authorizing her nephew to manage her lands. The court held the deed was void as the woman's consent was not free due to the mistake.
How Wise Property Investors Get Foreclosures At AZ Trustee Sale Auctions!
Trustee sales in Arizona provide opportunities for investors to purchase foreclosure properties at discounted prices compared to retail listings. While there is less competition at trustee sales auctions, proper research is required to identify properties worth bidding on, such as checking for necessary repairs, liens, and accurate property values. Companies exist that help streamline the process for real estate investors to more efficiently purchase foreclosure properties at trustee sales.
Law (free consent)
The document outlines various concepts related to contract law in Pakistan including free consent, coercion, undue influence, fraud, misrepresentation, and mistake. It discusses the meaning, essential elements, effects and burden of proof for each concept. Examples and case studies are also provided to illustrate key points. The presentation appears to be an educational overview of these important contract law topics under the Pakistan legal system.
Consent & mistake in Contracts
This document provides definitions and explanations of key concepts related to contract law such as consent, free consent, coercion, undue influence, fraud, misrepresentation, and mistake. It defines consent as two parties agreeing to the same thing in the same sense. Free consent is consent that is not caused by coercion, undue influence, fraud, or misrepresentation. Coercion involves using force to compel an agreement while undue influence involves exploiting a power imbalance. Fraud involves intentional deception while misrepresentation can be unintentional. Mistakes can be of fact or of law, and mistakes of fact can make a contract void in some cases.
Free consent 6
The document discusses different ways in which consent can be flawed in a contract, specifically coercion, undue influence, misrepresentation, and mistake. It defines coercion as committing or threatening a criminal act, and undue influence as exploiting a position of power over another party. Misrepresentation requires a false statement of material fact made knowingly to deceive the other party. Consent obtained through any of these flawed means can make a contract voidable.
Free consent
The document discusses various types of flaws in consent that can make a contract voidable, including coercion, undue influence, misrepresentation, and mistake. It provides definitions and examples of each flaw. For coercion, it discusses threats to commit suicide being considered coercion and the effect of coercion making a contract voidable. For undue influence, it discusses relationships where influence may occur and a case example. It also compares coercion and undue influence. The document further explores the elements needed to establish fraud and misrepresentation, and the effects they have in making a contract voidable. It concludes with discussing bilateral and unilateral mistakes of fact and law.
Foreclosure Guide
Real estate investing is the way to go to if you want to earn huge profits since prices of properties have increased dramatically over the years. Now the downside of this is that fewer people are able to afford the good ones since their prices have gone from inexpensive to prohibitive in the past three years or so. And this being the scenario, plus add the steady ascent of interest rates and the ever changing bankruptcy laws, foreclosures in great numbers are inevitable. And when foreclosures are consistently on the rise, the opportunity to cash in on them has also greatly increased. People who cannot afford to make payments anymore on their mortgage would seek better foreclosure rates rather than to be burdened with continuing debt. Because of all these factors, there is no better time than today to buy and sell foreclosure properties.
Capacity & Consent in contract
This document discusses legal capacity and consent to enter into contracts. It covers topics such as capacity for minors and mentally impaired persons, disaffirming contracts for minors, remedies for misrepresentation or fraud, mistakes in contracts, and situations where undue influence or duress may make a contract voidable. Key exceptions are noted, such as minors being responsible for payment of necessities and not being able to disaffirm contracts they fully executed.
Free consent
The document discusses the elements required for free consent in contract law. It explains that consent must not be caused by coercion, undue influence, misrepresentation, fraud, or mistake for it to be considered free. It defines each of these elements and provides examples to illustrate when consent would not be free due to these factors. The document also discusses the implications, such as contracts being voidable, when free consent is compromised.
Free consent
The document discusses the essential elements of a valid contract under Indian law, focusing on the requirement of free consent. It defines key terms including consent, coercion, undue influence, misrepresentation, and mistake. For each term, it provides the legal definition from the Indian Contract Act and illustrations of how those concepts apply in assessing whether a contract is voidable due to a lack of free consent. Overall, the document outlines how lack of free consent due to coercion, undue influence, fraud, misrepresentation or mistake can potentially invalidate a contract.
Free consent
The document discusses the concepts of free consent, coercion, undue influence, misrepresentation, fraud, and mistake under Indian contract law. It provides definitions and explanations of these concepts according to various sections of Indian contract law. Specifically, it explains that for consent to be considered free, it cannot be caused by coercion, undue influence, fraud, misrepresentation or mistake. It also discusses the implications and consequences of contracts entered into without free consent due to these vitiating factors.
Renewable rechargeable batteries green renewable energy powerpoint ppt slides.
The document appears to be a template or sample for presentation slides about batteries and renewable energy. It contains placeholder text and images that can be customized with the user's own text, diagrams, and logos. The slides provide guidance on how to insert text boxes, ungroup objects, and edit colors to customize the images and fully utilize the template for a personalized presentation.
CL - Onde vamos, papá, Jean-Louis Fournier
Este documento resume um livro francês traduzido para português que fala sobre os pensamentos e sentimentos de um pai com dois filhos deficientes. O autor usa humor negro e perguntas retóricas para desabafar sua frustração. Apesar disso, o livro é de fácil leitura e o autor tenta ser direto sobre seus sentimentos de culpa e perda.
More Related Content
What's hot
free consent
This document discusses consent and contracts. It states that when consent is not free due to coercion, undue influence, fraud, or misrepresentation, the contract is usually voidable by the party whose consent was affected. It defines undue influence as using a dominant position over another party to obtain an unfair advantage. A mistake of fact can be either unilateral, where one party is mistaken, or bilateral, where both parties are mistaken about an essential matter, in which case the contract is void.
Intention to Create Legal Relations
Learning Outcome: After completing this lesson students will be able to -
a) understand the juristic basis of doctrine of intention to create legal relations
b) differentiate between the presumptions relating to domestic agreements and commercial transactions
Misrepresentation and fraud
This document discusses fraud and misrepresentation under Indian contract law. It defines fraud as intentionally deceiving another party through false suggestions, concealment of facts, promises without intent to perform, or other deceitful acts. Misrepresentation involves making an innocent but incorrect statement of fact. The key differences are that fraud requires intent and can result in damages, while misrepresentation is unintentional and usually does not lead to damages claims. Both can allow the deceived party to avoid the contract or demand its proper performance. The document outlines the elements of fraud and misrepresentation, available remedies, and exceptions regarding negligence or failure to discover the truth.
Presentation on law and misperception
This document discusses the key differences between fraud and misrepresentation in contract law. It notes that fraud involves an intentional deception by one party to induce the other party to enter a contract. Misrepresentation involves an innocent misstatement of fact that persuades the other party. For fraud, the representing party knows the statement is false, while for misrepresentation they believe it is true but it turns out to be incorrect. A contract induced by fraud can be voided even if the truth could be discovered through normal diligence, while misrepresentation does not allow voiding if the truth was reasonably discoverable.
Void Agreement in Business Law
This document summarizes key aspects of business law in India related to valid and void agreements. It discusses that for an agreement to be valid and enforceable, it cannot be declared void by law. Certain types of agreements are considered void, such as those that restrain marriage or lawful profession/business, limit a party's right to legal recourse, or have uncertain terms. Wagering agreements and agreements contingent upon impossible acts are also deemed void.
Free Consent
Free consent is necessary for a valid contract. Consent must be free from coercion, undue influence, fraud, misrepresentation, or mistake. Coercion involves threatening unlawful acts. Undue influence involves improperly using power over another's mind. Fraud involves intentional deception, while misrepresentation can be unintentional. A bilateral mistake of a fundamental fact by both parties makes a contract void, while a unilateral mistake only makes a contract voidable. Consent must involve agreement on the same terms by both parties with free and valid consent for a contract to be enforceable.
Vitiating Elements in Formation of Contract: Misrepresentation
The document discusses representation in contracts and misrepresentation. It defines misrepresentation as an unambiguous false statement of fact or law that is material and induces a contract. For a misrepresentation to be actionable, it must be a statement of existing fact, addressed to the party misled, and induce that party to enter the contract. Inducement means the misrepresentation would have induced a reasonable person. The document outlines different types of statements that can constitute misrepresentations and discusses key cases related to different elements of misrepresentation. It also discusses the Indian Contract Act provisions around misrepresentation and fraud.
Free consent
Section 13 of I.C.A . Define that’s consent as two or more person are said to consent when they are agree upon the same thing in the same sense
Nevada Foreclosure Quick Facts - Marshall Carrasco Short Sale Expert Reno NV
In Nevada, lenders may use either judicial or non-judicial foreclosure processes. Judicial foreclosure involves filing a lawsuit, while non-judicial uses a power of sale clause in the deed of trust. For non-judicial foreclosures, borrowers have 15-35 days to cure after a notice of default is recorded and mailed. If not cured, the property is auctioned after proper postings and advertisements. Borrowers may stop the sale by filing an intent to cure by noon the day before the scheduled sale. Lenders have 3 months to obtain a deficiency judgment after the sale.
free Consent
The document discusses various aspects of free consent in contracts such as coercion, undue influence, misrepresentation, and mistake. It provides definitions and examples of these concepts. It also summarizes a key court case - Bala Debi vs Majumdar, where an illiterate woman executed a deed of gift under the mistaken belief that it was authorizing her nephew to manage her lands. The court held the deed was void as the woman's consent was not free due to the mistake.
How Wise Property Investors Get Foreclosures At AZ Trustee Sale Auctions!
Trustee sales in Arizona provide opportunities for investors to purchase foreclosure properties at discounted prices compared to retail listings. While there is less competition at trustee sales auctions, proper research is required to identify properties worth bidding on, such as checking for necessary repairs, liens, and accurate property values. Companies exist that help streamline the process for real estate investors to more efficiently purchase foreclosure properties at trustee sales.
Law (free consent)
The document outlines various concepts related to contract law in Pakistan including free consent, coercion, undue influence, fraud, misrepresentation, and mistake. It discusses the meaning, essential elements, effects and burden of proof for each concept. Examples and case studies are also provided to illustrate key points. The presentation appears to be an educational overview of these important contract law topics under the Pakistan legal system.
Consent & mistake in Contracts
This document provides definitions and explanations of key concepts related to contract law such as consent, free consent, coercion, undue influence, fraud, misrepresentation, and mistake. It defines consent as two parties agreeing to the same thing in the same sense. Free consent is consent that is not caused by coercion, undue influence, fraud, or misrepresentation. Coercion involves using force to compel an agreement while undue influence involves exploiting a power imbalance. Fraud involves intentional deception while misrepresentation can be unintentional. Mistakes can be of fact or of law, and mistakes of fact can make a contract void in some cases.
Free consent 6
The document discusses different ways in which consent can be flawed in a contract, specifically coercion, undue influence, misrepresentation, and mistake. It defines coercion as committing or threatening a criminal act, and undue influence as exploiting a position of power over another party. Misrepresentation requires a false statement of material fact made knowingly to deceive the other party. Consent obtained through any of these flawed means can make a contract voidable.
Free consent
The document discusses various types of flaws in consent that can make a contract voidable, including coercion, undue influence, misrepresentation, and mistake. It provides definitions and examples of each flaw. For coercion, it discusses threats to commit suicide being considered coercion and the effect of coercion making a contract voidable. For undue influence, it discusses relationships where influence may occur and a case example. It also compares coercion and undue influence. The document further explores the elements needed to establish fraud and misrepresentation, and the effects they have in making a contract voidable. It concludes with discussing bilateral and unilateral mistakes of fact and law.
Foreclosure Guide
Real estate investing is the way to go to if you want to earn huge profits since prices of properties have increased dramatically over the years. Now the downside of this is that fewer people are able to afford the good ones since their prices have gone from inexpensive to prohibitive in the past three years or so. And this being the scenario, plus add the steady ascent of interest rates and the ever changing bankruptcy laws, foreclosures in great numbers are inevitable. And when foreclosures are consistently on the rise, the opportunity to cash in on them has also greatly increased. People who cannot afford to make payments anymore on their mortgage would seek better foreclosure rates rather than to be burdened with continuing debt. Because of all these factors, there is no better time than today to buy and sell foreclosure properties.
Capacity & Consent in contract
This document discusses legal capacity and consent to enter into contracts. It covers topics such as capacity for minors and mentally impaired persons, disaffirming contracts for minors, remedies for misrepresentation or fraud, mistakes in contracts, and situations where undue influence or duress may make a contract voidable. Key exceptions are noted, such as minors being responsible for payment of necessities and not being able to disaffirm contracts they fully executed.
Free consent
The document discusses the elements required for free consent in contract law. It explains that consent must not be caused by coercion, undue influence, misrepresentation, fraud, or mistake for it to be considered free. It defines each of these elements and provides examples to illustrate when consent would not be free due to these factors. The document also discusses the implications, such as contracts being voidable, when free consent is compromised.
Free consent
The document discusses the essential elements of a valid contract under Indian law, focusing on the requirement of free consent. It defines key terms including consent, coercion, undue influence, misrepresentation, and mistake. For each term, it provides the legal definition from the Indian Contract Act and illustrations of how those concepts apply in assessing whether a contract is voidable due to a lack of free consent. Overall, the document outlines how lack of free consent due to coercion, undue influence, fraud, misrepresentation or mistake can potentially invalidate a contract.
Free consent
The document discusses the concepts of free consent, coercion, undue influence, misrepresentation, fraud, and mistake under Indian contract law. It provides definitions and explanations of these concepts according to various sections of Indian contract law. Specifically, it explains that for consent to be considered free, it cannot be caused by coercion, undue influence, fraud, misrepresentation or mistake. It also discusses the implications and consequences of contracts entered into without free consent due to these vitiating factors.
What's hot (20)
Vitiating Elements in Formation of Contract: Misrepresentation
Vitiating Elements in Formation of Contract: Misrepresentation
Nevada Foreclosure Quick Facts - Marshall Carrasco Short Sale Expert Reno NV
Nevada Foreclosure Quick Facts - Marshall Carrasco Short Sale Expert Reno NV
How Wise Property Investors Get Foreclosures At AZ Trustee Sale Auctions!
How Wise Property Investors Get Foreclosures At AZ Trustee Sale Auctions!
Viewers also liked
Renewable rechargeable batteries green renewable energy powerpoint ppt slides.
The document appears to be a template or sample for presentation slides about batteries and renewable energy. It contains placeholder text and images that can be customized with the user's own text, diagrams, and logos. The slides provide guidance on how to insert text boxes, ungroup objects, and edit colors to customize the images and fully utilize the template for a personalized presentation.
CL - Onde vamos, papá, Jean-Louis Fournier
Este documento resume um livro francês traduzido para português que fala sobre os pensamentos e sentimentos de um pai com dois filhos deficientes. O autor usa humor negro e perguntas retóricas para desabafar sua frustração. Apesar disso, o livro é de fácil leitura e o autor tenta ser direto sobre seus sentimentos de culpa e perda.
2
The document discusses a controversial baby swap storyline on the British soap opera Eastenders. It received over 1,000 complaints for being distressing and insensitive in its portrayal of cot death. While regulators ruled it did not breach rules, some felt it trivialized and sensationalized the issue of baby loss. The storyline remains an example of sensationalism in soap operas tackling sensitive topics.
Artículos panorama (1)
Este documento presenta un resumen del marco legal que rige el servicio profesional docente en México. Establece que corresponde a las autoridades educativas y organismos descentralizados regular e implementar los procesos de selección, capacitación, evaluación y promoción de los docentes, con el fin de garantizar una educación de calidad. Asimismo, detalla los requisitos para el ingreso al servicio docente, como la realización de concursos de oposición y un periodo de tutoría de dos años para los nuevos profesores.
NVTC "Cool Tech" Presentation
This document provides an overview of cloud computing including definitions, opportunities for IT suppliers, reasons for adopting cloud computing, market projections, trends compared to service-oriented architecture, market components, customer value, challenges, and the federal government's involvement in cloud computing. It discusses the Defense Information Systems Agency's view of cloud computing as essential, examples of federal agencies using cloud services, and the Obama administration's technology team envisioning a federal cloud.
In-Focus: Hausmann Industries - Pediatric Tables
Hausmann Industries offers a line of pediatric tables called Green-Line that are made from environmentally safer materials. They describe 9 models of pediatric tables ranging in size from 43" to 72" long that vary in features like integrated scales, drawers, doors, and upholstery. The tables are made from materials with no added urea-formaldehyde for improved indoor air quality.
Reconocimiento unidad 1
Este documento resume los conceptos básicos de las redes locales, incluyendo la transmisión de datos, señales analógicas y digitales, telefonía móvil, ancho de banda, tipos de redes como punto a punto y multipunto, técnicas de conmutación y bibliografía relacionada.
Latihan8 comp-forensic-bab5
Windows leaves behind artifacts that can be used to recover data and track user activity. There are three main types of artifacts discussed in the document: deleted data remains in allocated space and can still be recovered; hibernation files and hybrid sleep modes preserve the state of the computer in memory for quick restarting; and the Windows registry tracks user and system configurations and preferences in a tree structure. These artifacts provide important evidence about user accounts, installed programs, files accessed and modified, and more.
Ensayo num 2
El documento discute la teoría de la complejidad y su relación con el aprendizaje y las tecnologías de la información y la comunicación. Explica que la teoría de la complejidad busca comprender el universo como un todo más allá de la suma de sus partes. Define el aprendizaje complejo como una estructura enfocada en la enseñanza tradicional del profesor. Finalmente, destaca la importancia de las TIC como herramientas para la transformación educativa y la relación entre el pensamiento complejo y la red basada en princip
Legacy systeemin uusiminen
Legacy järjestelmien uusimisessa huomioitavaa, joitakin hyviä käytäntöjä tiedoksi
Maw Linked In Presentation
Presentation slides from MAW Associates presentation at The Real Business Club on Monday 14th Feb 2011
Omyconf! 2012. Ретроспектива
Календарь Omyconf! 2012. Как это было: наиболее значимые события каждый месяц.
Catalogo virtual valle romano golf 2012
Valle Romano, en Estepona, es un excepcional campo de 18 hoyos, preparado para albergar los más exigentes y prestigiosos torneos. Su diseño garantiza el disfrute de los jugadores aficionados y se convierte en un recorrido "challenge" para los profesionales. Un campo que, más que diseñado, está pensado para que tal vez un día sea una leyenda.
Valle Romano, in Estepona, is an outstanding 18-hole course, fitted out to play host to the most demanding and prestigious tournaments. Its design guarantees the enjoyment of amateur golfers, while being transformed into a challenging circuit for professionals. This is a course which, more than being designed, has been devised to ensure that one day it will become a legend.
Nanotechnology v lv
Manuel Del Valle Ortiz proposes using nanotechnology to accelerate tissue regeneration through the use of a scaffold. The scaffold would mimic the extracellular matrix and send signals to cells to guide their growth. Skin tissue cells would be grown on a nanofabricated scaffold and different growth factors applied to control cell division. Repeated experiments would track changes to the regenerating tissue and results would be compared to normal tissue growth to evaluate the scaffold's ability to accelerate regeneration.
Flyer Valle Romano golf
Valle Romano Golf, in Estepona, is an outstanding 18-hole course, fitted out to play host to the most demanding and prestigious tournaments. Its design guarantees the enjoyment of amateur golfers, while being transformed into a challenging circuit for professionals. This is a course which, more than being designed, has been devised to ensure that one day it will become a legend.
Valle Romano Golf, en Estepona, es un excepcional campo de 18 hoyos, preparado para albergar los más exigentes y prestigiosos torneos. Su diseño garantiza el disfrute de los jugadores aficionados y se convierte en un recorrido "challenge" para los profesionales. Un campo que, más que diseñado, está pensado para que tal vez un día sea una leyenda.
Viewers also liked (20)
Renewable rechargeable batteries green renewable energy powerpoint ppt slides.
Renewable rechargeable batteries green renewable energy powerpoint ppt slides.
Similar to What’s the difference between naperville short sales and foreclosure
Home Foreclosure Alternatives
What is a Short Sale?
Have you already defaulted?
What Options are available?
Do you fear defaulting on your Mortgage?
LEARN your options from professionals in the field of lending, real estate, and foreclosure prevention.
UNDERSTAND tax penalties and other consequences of loan default, loan modification, or bankruptcy, the difference between a short sale and a foreclosure, and much more!
Did you know you may be eligible to receive money back from the bank at the close of your Short Sale?
Short sale listing presentation
The document discusses the benefits of pursuing a short sale if one owes more on their home than it is worth. It notes that short sales allow homeowners to avoid the negative consequences of foreclosure like judgments, bankruptcy, and damaged credit. Short sales are negotiated with lenders while foreclosures are involuntary litigation. The document provides information on government programs to help homeowners and incentives for banks to approve short sales. It emphasizes that a short sale specialist can guide homeowners through the process of negotiating with lenders and selling their home.
Home Buying 101
Download our free home buying guide. From affordability to loans to closing costs, this guide covers it all.
Shortsale Explained
Short Sale - HAFA Shortsale, Basic Steps for Shortsale, Benefits of HAFA Shortsale, Eligibility Requirements for HAFA Shortsale.
Goldens Short Sale presentation
To help clarify what can be very confusing, this is a short overview of how short sale, foreclosure and REO homes relate, from Ken Smith at Goldens Realty
Foreclosure By Advertisement
The document outlines the foreclosure by advertisement process. It begins with pre-foreclosure notices being sent after 3 months of default. Next, a notice of pendency and power of attorney is filed with the county. A notice of foreclosure is then published for 6 weeks and served. If the borrower wishes to stop the foreclosure, they must cure the default before the sheriff's sale. At the sale, the mortgage is replaced with a sheriff's certificate. The borrower then has a period of redemption to pay the amount owed, after which junior lienholders can redeem in order of priority. Once redemption periods expire, the borrower's rights in the property are extinguished.
Avoid Foreclosure ebook
This document provides information on avoiding foreclosure, including warnings about common foreclosure scams. It contains an 8 chapter guide covering topics like the foreclosure process, options for preventing foreclosure like loan modifications or bankruptcy, and restoring credit after a foreclosure. The introduction defines a mortgage and foreclosure, explaining that foreclosure is when a lender takes legal ownership of a home if the borrower fails to make payments. It stresses that foreclosure can be avoided and offers hope to struggling homeowners.
Ma buyer presentation_0 (1)
This document summarizes the buyer services provided by a real estate company to help clients find the right home. The services include: choosing an agent and company, creating a customized home search plan, discussing agency representation and buyer's needs, providing resources to help with the purchase process, and assisting with negotiations, inspections, financing, and closing to ensure a smooth transaction. The company aims to exceed buyer expectations with their full-service support.
February 2011
This document provides tips on how to buy foreclosed properties. It discusses understanding the foreclosure process and the different stages of foreclosure. It recommends contacting a real estate agent to find bank-owned properties, checking for potential bargains, and contacting the lender through an agent to express interest and make an offer. The document also discusses negotiating a purchase agreement and closing the deal when buying bank-owned or real estate owned properties.
Selling a-home-guide
- The document provides information to a home seller about the process of listing and selling their home. It discusses preparing the home for sale, marketing the home, scheduling showings, negotiating offers, paying closing costs and taxes, and estimating profits from the sale.
- The real estate agent will work with the seller to create a marketing plan, list the home in the multiple listing service (MLS), and show the home to potential buyers.
- Selling a home involves costs like paying off mortgages, pre-sale repairs, realtor commissions, closing costs, taxes, and moving expenses that reduce the seller's profit. Careful planning is required to estimate costs and set the right listing price.
Short sale deficiencies fact sheet 01 20 12
The document summarizes new California laws providing protections for homeowners against personal liability following a short sale. The laws prohibit lenders from pursuing homeowners for deficiencies or deficiency judgments after a short sale of their property for less than the outstanding loan balance. The laws apply to mortgages secured by 1-4 residential units and provide protections for homeowners who complete short sales after July 15, 2011, subject to some exceptions. The document provides charts outlining the applicability of protections following short sales versus judicial foreclosures.
How to short sale in ball ground
http://www.DuffyRealtyofAtlanta.com will show you the exact steps that you need to know to short sale your home in Ball Ground, Georgia.
Frequently Asked Questions
The document provides answers to frequently asked questions about short sales. It discusses topics such as whether borrowers can receive cash from lenders at closing, how to qualify for a short sale with multiple mortgages or if payments are current, the short sale process timeline, and potential tax implications of debt forgiveness. Key details requested by lenders are explained, such as hardship letters, documents required, and reasons lenders are willing to accept less than the full mortgage amount in a short sale.
Avoid Foreclosure
There are several options for homeowners facing foreclosure to explore, including reinstatement, forbearance or repayment plans, mortgage modifications, property rentals, friendly foreclosures, bankruptcy, refinancing, military options, selling the home, and short sales. Working with an experienced real estate agent is highly recommended, as they can provide guidance on qualifying for different options and negotiating with lenders to avoid foreclosure.
Flying high above clouded skies
This document discusses a short sale transaction involving an investor, Paulina, who acted as both the buyer and seller of a property. Working with negotiators Brian Kissinger and Catherine Kaufer, they were able to purchase the property for $550,000 after negotiating the price down from $700,000 and $185,000 owed on the first and second mortgages respectively, realizing a $194,847 profit within 54 days. The document then provides an overview of important considerations and strategies for negotiating successful short sales.
What to Do About the House in a Divorce
VA Loans for Vets NMLS#184169
5050 North 40th Street, Ste 260
Phoenix, AZ 85018
602-908-5849
Jimmy Vercellino is one of the nation’s top VA Home Loan mortgage originators. A Marine veteran, he and his team work hard to help veterans take advantage of their VA loan benefit and become homeowners. From start to finish, they guide their clients through the process and make it as smooth and stress-free as possible. Visit the site at https://www.valoansforvets.com
Homebuyer guidebook
Jeff Edmisten and Ruthie Buck thank buyers for reviewing their homebuyer guide. Their mission is to connect buyers with the best home deals and provide uncompromising commitment to exceptional service. They help buyers search for homes, write offers, and guide them through the entire purchasing process. Their client testimonial praises how they went above and beyond to help secure a home across state lines. The guide provides tips on estimating home buying power from rent, benefits of ownership, choosing a lender and mortgage, the home buying process, and more.
WHAT SHOULD YOU KNOW AOUT Foreclosure
Needless to say that nowadays, you are certainly in a much better position to utilize your benefit and it is possible to know whatever you want to about Massachusetts foreclosure, with the expert advice and guidance from the Massachusetts foreclosure attorney.
Foreclosure Laws: The Differences Between Judicial And Non-Judicial Foreclosures
When buying a foreclosure, the foreclosure process may be judicial or non-judicial depending on state laws. While most states practice both foreclosure proceedings, some states follow one foreclosure process exclusively. For additional helpful information on foreclosure laws, visit ForeclosureDeals.com.
Laurus Title - Short Sale Processing
Laurus Title Group provides short sale processing services to help customers navigate the complex short sale process. They have a team of experienced negotiators around the country to assist with short sales. Disclosure of all relevant information is important, as hiding details can jeopardize closing deals. The short sale process takes time due to the need to get approval from multiple parties like lien holders and insurers.
Similar to What’s the difference between naperville short sales and foreclosure (20)
Foreclosure Laws: The Differences Between Judicial And Non-Judicial Foreclosures
Foreclosure Laws: The Differences Between Judicial And Non-Judicial Foreclosures
More from RyanHillRealty
Rotary Club of Naperville Sunrise Winter Coat Drive Nov. 4 – Dec. 12
The Rotary Club of Naperville Sunrise will run their annual Winter Coat Drive November 4th through December 12th, featuring the collection of new and gently-used (and laundered) coats, jackets, hats, scarves, mittens, and gloves in sizes infant through adult. If you or your kids have a winter coat, jacket or winter gear that you no longer use, consider donating them to this worthy cause. Currently, the greatest anticipated need remains for adult XL, 2XL, and 3XL in both men’s and women’s styles.
9 Tips For a Cozy Home This Fall
Fall is here are we're ready for all that it brings with it -- we've found our Halloween decorations, we've got our warmer clothes at the ready, and we're raking leaves! While nature puts on its fantastic display of Fall colors, we can borrow some of her ideas to make the interior of our homes cozy and inviting. If you're looking for a few ideas to make your home inviting and warm as the air gets nippy, here are our top 9 tips:
2932 Sheehan Dr, Naperville, IL 60564
Great 2 bedroom townhome with a beautiful view of the pond. The main floor features family room with gas fireplace, dining room and kitchen with loads of storage. Master bedroom has a shared bath and a large walk in closet. Unit has private entrance and 2 car attached garage.
www.ryanhillrealty.com
150 Hamlet Cir Montgomery, IL 60538 USA
Great 3 bedroom 2 Bath Ranch Home. Large Living room and Kitchen. Master Bedroom features private master bath. 2 Additional bedrooms with another full shared bathroom. Rear Deck in backyard and Attached 2 car garage. Close to Shopping and Restaurants.
Lake Bluff Home For Sale - 314 E Woodland Rd
This 5 bedroom, 5 bathroom home located at 314 Woodland Road in Lake Bluff, Illinois has 3,510 square feet of space. It features hardwood floors, 10 foot ceilings, a formal dining room, gourmet kitchen with high-end appliances, a family room with a fireplace, an office/den, a luxurious master suite with a fireplace, and a finished basement. The home is being presented by Teresa Ryan of Ryan Hill Realty and can be viewed by calling 630-276-7575.
5327 Newport Dr, Lisle, IL 60532
This 2 bedroom, 1 bath townhouse located at 5327 Newport Dr in Lisle, Illinois is listed for sale. It has 2 bedrooms and 1 bathroom. More information about the property can be found on the website www.RyanHillRealty.com.
The Ultimate List of Free Museum Days for Naperville Mothers
When it comes to museums in and around Naperville, there are plenty of places to go have educational fun and adventure with your kids. The problem is, they can cost you hundreds of dollars for admission – even with membership package discounts.
That’s why having a Kids Museum Passport or taking advantage of free museum days is a win-win for your family! Here’s the scoop on when and where to plan your next trip. (NOTE: Dates are subject to change.)
The good news is, some things in life ARE free! Including admission at these museums every day:
www.RyanHillRealty.com - Experts in Naperville and Real Estate. Luxury Residential, Commercial, Investment, Distressed Real Estate. Naperville Homes for Sale. Customer-focused market specialists. Chicago Area - Dupage County, Will County, Kane County, Kendall County; Naperville Real Estate, Homes For Sale, Rentals, Properties, Naperville, Downers Grove, Wheaton, Glen Ellyn, Aurora, Plainfield, Bolingbrook, West Chicago, Single Family Homes, Apartments, Open Houses, Condos
14307 Davis St , Blue Island, Illinois 60406
Great split Level home on a double lot. Home features 3 beds and 2 baths, separate living and dining room. Vaulted ceilings in the living room, dining room and
kitchen. Loads of cabinet and counter space in the kitchen. Lower level is finished with family room and bathroom. Fantastic yard for entertaining!
215 Cherry St , South Elgin, Illinois 60177
Great Split Level on Corner Lot. Attached 2 Car garage and rear patio. 3 Bedrooms 2.1 baths, separate living and dining rooms. Lower level family room with a
floor to ceiling brick fireplace. Nice additional room on the lower level. Call Today (630) 2767575
1256 Jane Avenue, Naperville, IL 60540
This short document promotes the creation of Haiku Deck presentations on SlideShare by stating it provides inspiration and allows users to get started making their own Haiku Deck presentations.
More from RyanHillRealty (10)
Rotary Club of Naperville Sunrise Winter Coat Drive Nov. 4 – Dec. 12
Rotary Club of Naperville Sunrise Winter Coat Drive Nov. 4 – Dec. 12
The Ultimate List of Free Museum Days for Naperville Mothers
The Ultimate List of Free Museum Days for Naperville Mothers
What’s the difference between naperville short sales and foreclosure
- 1. What’sthe Difference BetweenNaperville ShortSalesandForeclosure? Whena homeownerfailstomake hisorher mortgage paymentsorbecomesdelinquentintheir payments,the home isforeclosedupon.Inaforeclosure,the lenderassumesownershipof the home and evictsthe delinquentborrower.The lenderinitiatesthe sale of the home ata foreclosure auctionor a trustee sale. A shortsale is usedbydistressedhomeownersasanalternative toforeclosure.If ahomeownerowes more than the current market value of the home,a goodoptionisto do a Naperville shortsale.A short sale isinitiatedbythe homeowner,unlikeaforeclosure where the home issoldbythe lender.Inashort sale,the home issoldthrougha real estate agentspecializinginshortsalesandissoldmuchlike a traditional sale,exceptshortsalesinvolvemore paperworkandpartiesthana traditional real estate transaction.Aswithany transaction,there are tax implications,please readthe ruleson www.irs.gov and speakwithyourlawyerbefore proceeding. If the lenderapprovesthe shortsale,the lenderagreestoacceptlessthanwhatisowedfromthe proceedsof the sale.Inmost circumstances,the borrowercanwalkawaydebtfree -- if the lender agreesto waive the differenceof the loanbalance andthe proceedsfromthe shortsale. Benefitsof aNaperville ShortSale OveraForeclosure Impact onCreditScore. Short salesandforeclosuresbothhave anegative impactonthe borrower’screditscore.However,short saleshave a comparativelylesserimpactonthe creditscore.A borrower’screditscore maydrop from 50-150 pointsduringa shortsale and 200-400 pointsafterforeclosure. WaitingPeriodtoBuya New Home Borrowershave to wait7 years afterforeclosure before theycanbuya new property.Ina shortsale,the borrowermaybe able tobuy a newhouse at leasta yearafterthe shortsale dependingonthe type of loan,the borrower’seligibilityandtheir uniquesituation. MentioninFuture Loan Applications It ismandatoryfor a foreclosure tobe reportedinfuture loanapplications,whichcouldhave anegative impactto your loanapplication.A shortsale doesnotnecessarilyhavetobe mentionedinfuture loan
- 2. applications,whichismore beneficialtoborrowerswhoplanonbuyinga new propertyaftera short sale. HAFA Eligibility Homeownerswhohave gone throughashort sale can still be eligible forthe Home Affordable Foreclosure Alternatives(HAFA) Program, whilethose whohave gone throughforeclosuresare not eligible forthe HAFA program. Althoughashort sale anda foreclosure bothhave anegative impactonone’screditscore,ashortsale is still abetteroptionthanforeclosure.Shortsales offermore advantagesfordistressedhomeownersand helpthemrecovertheirfinancialstandingfaster.If youwantto know aboutNaperville shortsales,visit www.RyanHillCanHelp.com. If you are readyto do a Naperville shortsale call me,TeresaRyanat630-276-7575. As an owner/broker of RyanHill Realty,Ihave the experience andtoolstohelpyousell yourNapervilleshortsale home.