The Buyer | The Seller |
- Lender's title insurance policy premiums
| - Owner's title insurance policy premiums
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- Document preparation fee (if required)
| - Document preparation fee for deed
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- Recording charges for documents in the buyer's name
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- Tax proration fee ( from the date of acquisition)
| - Termite Inspection fee & Usually Section I (according to contract)
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| - Documentary Transfer Tax ($1.10 per $1,000.00 of the sale price)
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- Inspection fee (roofing, geological, property inspection, etc.)
| - Pay off all loans in the seller's name.
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- Assumption fee/fees for change of records for the takeover of existing loans.
| - Interest accruing on existing loans.
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- Premiums for fire insurance policy for first year
| - Statement fee, reconveyance fee and prepayment penalty.
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- Interest on new loan from the date of funding to 30 days prior to the date of the first payment date.
| - Payments for judgment, tax lien, etc. against the seller.
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- Tax proration fee (for any taxes unpaid at the time of title. transfer).
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- Assessments or bonds (according to the contract)
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Sam
