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Answers (1)
- Amanda Thomas, "amandathomas"
- Contributions:177
Vanessa,
There are a couple of expressions commonly used in business / real estate.
If you are talking about 'cash on the table', this refers the amount of closing cost assistance that is higher than the closing costs themselves. Basically, it is unused money that could be credited toward the sale, and when planned correctly, it is maximized without going over the allowable amount.
'Cash under the table' refers to a fraudulent action where monies are dispersed outside of the HUD-1 (closing statement).
'Table cash' might also refer to liquid funds and immediately disposable income.
Do any of these explanations sound like the definition you were asking for?
There are a couple of expressions commonly used in business / real estate.
If you are talking about 'cash on the table', this refers the amount of closing cost assistance that is higher than the closing costs themselves. Basically, it is unused money that could be credited toward the sale, and when planned correctly, it is maximized without going over the allowable amount.
'Cash under the table' refers to a fraudulent action where monies are dispersed outside of the HUD-1 (closing statement).
'Table cash' might also refer to liquid funds and immediately disposable income.
Do any of these explanations sound like the definition you were asking for?
what is table cash?
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