Tag Archives: purchase

Sale or Purchase of a Business – Things the Parties Should Discuss & Determine

When buying or selling a business there are a number of issues to consider and ultimately resolve in order to ensure that both parties receive what they have bargained for and to make the process as smooth as possible. A lot of information is required so that your attorney and CPA can properly advise you...
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Virginia Buy-Sell Agreement – Cross Purchase v. Redemption

In my previous blog post entitled Protect Your Virginia Business with a Buy-Sell Agreement, I wrote in depth about the three essential terms of a buy-sell agreement.  I coined the second element as the WHO element.  The WHO element asks “who has the authority to purchase the ownership interest of a departing owner?” ...
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Virginia Requirement of Written Brokerage Agreements for Realtors®

Effective July 1, 2012, Virginia agency law was revised to require written brokerage agreements between licensees (Realtors®) and their clients (buyers or sellers) when a brokerage relationship is established.

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New Guidelines Set to Expedite Short Sales

On Tuesday, August 21, 2012, the Federal Housing Finance Agency announced in a news release that Fanny Mae and Freddie Mac are issuing new guidelines that will make the short sale process easier and quicker. The news release states that the “streamlined program rules will enable lenders and servicers to quickly and easily qualify eligible borrowers for a short sale.” This is great news for everyone, especially sellers, buyers and realtors.

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