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LSDefine

Simple English definitions for legal terms

Power of Sale clause

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A quick definition of Power of Sale clause:

A power of sale clause is a part of some mortgages that allows the lender to foreclose on a property without going to court. This means that if the borrower falls behind on their payments, the lender can sell the property to recover their money without having to go through a lengthy legal process.

A more thorough explanation:

A power of sale clause is a provision included in most deed of trust mortgages that allows the trustee to foreclose on a property without going to court. This means that if a borrower falls behind on their mortgage payments, the trustee can sell the property to recover the debt owed to the lender.

For example, let's say John takes out a mortgage to buy a house. The mortgage includes a power of sale clause, which gives the trustee the right to sell the house if John fails to make his payments. If John falls behind on his payments and can't catch up, the trustee can sell the house to pay off the debt.

The power of sale clause is a powerful tool for lenders because it allows them to foreclose on a property quickly and efficiently. However, it can be risky for borrowers because they may lose their home without the opportunity to defend themselves in court.

Power of attorney | PPA

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a new page within the same sheet (like on the bottom)
Denny
14:39
yeah
Denny
14:41
basically stuff gets inputted from an external program and the sheet has to decide what to do with it. but every day inventory is refreshed. so i want to paste in the current inventory every day and then use the numbers provided from the external site to track that data and move it if the days out hits 0
Denny
14:41
but i want to maintain accuracy on one sheet while pasting into another
14:44
hmm sounds fun. Maybe look at google apps script or pivot tables? It is hard to say without knowing more info. unfortunately, I am not crazy good with sheets, but I use improve/trial and error to make up for it.
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improv
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im interested/would take a stab at it if you want to email me or jit me on discord with more info, in beacons link
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bet
Denny
14:56
im gonna sleep on it but ill hit u up on tuesday when after my weekend
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ok
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