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.
Rate limiting defines limits on how many API calls can be made within a specified time period. When a rate limit is exceeded, all API calls from an app are throttled and fail for a brief period of time. Once an app is throttled, the caller will get an error for subsequent calls with error code = 4, CodedException.