If you bought a 3-year-old car, and took out an 84-month loan, it would be 10 years old when the loan was finally paid off. Try to imagine how youâd feel making loan payments on a battered 10-year-old heap. Long loan terms are yet another tool the dealer has to put you into a car because they focus you on the monthly payment, not the overall cost.
Time Constraints. Lenders limit the period of time for the short sale to take place, like 4 months. The seller is responsible for showing the home to potential buyers. Some lenders require a real estate agent be used when listing a home for a short sale.
It is in your best interest to act as quickly as possible after you realize the law has been broken. You have a limited time to file a claim, because every claim is subject to a statute of limitations. Depending on the circumstances, several different statutes of limitations periods could apply. In most cases that can be brought under the FLSA, the employee filing the claim has a two-year limit to bring action and recover unpaid wages. However, if the employerâs action is shown to be willful, that limit extends to three years.