Russ Lyon Sothebys International Realty
1750 South Wodlands Village Blvd Sqte. 125 , Flagstaff - AZ 86001
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Looking for an amortization definition? Amortization is an accounting term that basically means something like “reducing the gap between what is owed”. Here’s the play by play: You get a $100 loan and the deal is you have to pay it back in 12 months with a little bit of interest: ...
Statue designed to protect lenders if a seller secretly sells substantially all of the business property. The objective of the law is to safeguard against defrauding creditors....
An agreement allowing occupancy of a premises for a stated period of time provided certain terms are met. A limited occupancy agreement is most frequently used when a prospective buyer is waiting for a closing to occur on a piece of property he/she wishes to occupy. For example, John is waiting to...
Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be like-kind property; exchanged; and held for use in a trade or business or held as an investment. Delayed exchanges...