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resale proceeds

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resale proceeds

Upon the sale of real property,the money remaining after payment of expenses of the sale,any mortgage debt on the property,and sometimes after payment of income taxes.The term is imprecise and is usually defined in context. Under some programs administered by the Department of Housing and Urban Development,property owners who received assistance for their home purchase must reimburse HUD for some of the resale proceeds.



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The first distribution to Palm Coast Resort investors came from new condominium inventory resale proceeds less than three months after the company acquired the waterfront condos in a bulk purchase from Centex Homes, a publicly traded national homebuilder.
Now our customers will have the power to make better replacement decisions, minimize maintenance costs, and maximize their resale proceeds for all their cars and light trucks.
 
 
 
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