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.
Employers may also adopt policies that either allow or require employees to use comp time before they use accrued paid sick or vacation leave. Similarly, either employer or employee may require that accrued comp time run concurrently with FMLA leave, turning unpaid leave into paid leave. Finally, employers can set limits lower than 240 or 480 hours on the amount of comp time employees may accrue.