How to calculate closing costs for seller
[DOC File]Math Review – Test #2 - Tucker School of Real Estate
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The house sold and the closing is held on June 15th that year. (Reminder: for test purposes use a 360 day year and 30 day month for all pro-rations). On the day of closing, what prorations should be made? The seller received a $121,600 check at closing after paying a 7 percent commission, $31,000 in other closing costs…
[DOC File]4235 - HUD
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The seller received a $121,600 check at closing after paying a 7 percent commission, $31,000 in other closing costs, and the $135,700 loan payoff. What was the total sales price? Answer Question #1: …
[DOC File]HUD | HUD.gov / U.S. Department of Housing and Urban ...
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Any closing costs to be financed by the mortgage are to be entered on this line when the mortgage is closed. Line 3. Enter the amount of any debts to be paid off at closing. These debts include existing liens on the property, delinquent Federal debts and amount disbursed, by closing agent, to seller …
[DOC File]H - Keller Williams Realty
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In order to provide a Closing Disclosure Example with any and all possible data on it for mapping purposes (a completely unrealistic situation), the sample Purchase Transaction is an amalgamation of …
How to Calculate Closing Costs (with Pictures) - wikiHow
Buyer and Seller Costs. There is also the distinction between 'Buyer' closing costs and 'Seller' closing costs. Attorneys in NC often prepare both sides, and earn both sides of this coin. However, fees from different Attorneys vary wildly between the Buyer side and the Seller …
[DOCX File]Closing Disclosure - Freddie Mac Home
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Dec 24, 2008 · Change in Allowable Closing Costs – Subject to the stated ratios, HUD allows up to 1% of the buyer’s mortgage amount for closing costs to be included in the “Seller’s Costs” on the HUD-1 for …
[DOC File]CHAPTER 15: CLOSING REAL ESTATE TRANSACTIONS
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Both the buyer and the seller pay financial closing costs. In some areas, custom or tradition calls or the seller to pay for certain expenses and the buyer to pay for others. One way to minimize closing …
[DOCX File]Closing Costs Overview - Real Estate Closing Attorney ...
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4. In calculating closing costs, when is a 360 days calendar used? 5. When is the earliest that a Listing agent might provide a net/estimate for the seller? When a Buyer's agent might provide a …
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