Conference 7.286::digital

481.0. "Excess Profits Payback??" by RUTLND::KUPTON () Thu Mar 03 1988 07:48

    	I've been trying for a couple of weeks to get this question
    answered, so I thought I might try here. If this is out of place
    please direct me as to where I should go and delete this note.
    
    	When entering into a third party agreement with a home purchasing
    company and the 3rd party offer is accepted:
    
    1. If the employee's home is sold for more than the offer that is
    accepted from the relocation company, does the employee receive
    that amount in excess of the offer? The 3rd party company says that
    they return any money over the offer money paid to the employee
    to DEC. Does DEC keep it or pass it on to the employee?  It would
    be nice to hear from any internal transfers who have been through
    this routine.
    
    2. DEC is now using Merrill-Lynch Relocation for those of you who
    are keeping abreast of these items. I have found them to be very
    good to this point. I don't know what others are being used.
    
    Thanks for any information.
    
    Ken

    Yes, the money ends up with you, although I'm not sure of the route
    it takes.  This has been discussed (and happily completed) by many
    in the REAL ESTATE notes file.
    
    pam