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Lyon Questions and Answers
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Lyon is an... ?
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He is a rival to one of these characters. Which one ?
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Lyon is described as... ?
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The default for the Initial Deposit is for the buyer to bring a check directly to escrow.
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The new form “Possible Representation of more than One Buyer or Seller and Consent” (PRBS) is a replacement for the “Seller Advisory” (SA) form.
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The Loan Contingency and Appraisal Contingency are now both 21 Days.
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According to the Civil Code, the new TDS form must be used for all transactions starting January 1, 2014.
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The best risk management procedure is for sellers to complete their TDS in person rather than completing and signing electronically.
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Regarding taxation on short sales, the following statement is true for sellers of 1 to 4 residential properties: “There is no “Forgiveness of Indebtedness” or “Capital Gains” tax because of new IRS and FTB policy.”
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