|
||||
| |||||
|
This closing statement is for a piece of vacant land were the seller carried back a first trust deed (like a mortgage). |
||
|
Settlement Date: |
2/2/01 |
|
|
Proration Date: |
2/1/01 |
|
|
DEBITS (charges) |
||
|
Purchase Price |
$215,000.00 |
|
|
Title Co. Closing Fee |
$75.00 |
|
|
Attorney Fees |
$275.00 |
|
|
Home Owners Assoc. Fees 2/2 to 4/1 |
$109.68 |
|
|
Title Insurance (For loan carried back by seller) |
$85.00 |
|
|
Tax Certificate |
$15.00 |
|
|
FedEx Fees |
$20.00 |
|
|
Recording Fees |
$25.00 |
|
|
State Tax/Stamps |
$21.50 |
|
|
Collection Fees (To set up an escrow collection for the payments on the first mortgage carried back by the seller) |
$75.00 |
|
|
Gross Amount Due From Buyer |
$215,701.18 |
Note: total closing costs were $701.18 |
|
CREDITS |
||
|
Earnest Money Deposit |
$10,000.00 |
|
|
Owner Carry Note |
$115,000.00 |
|
|
County Taxes 1/1/01 - 2/2/01 2,858.12/365 days x 32 days = |
$250.57 |
Note: in Colorado we pay property taxes in arrears. That is , in January we get the bill for the previous year. Thus, this credit reflects the seller giving "his share" of the current year taxes to the buyer. |
|
Less Total Credits to Buyer |
$125,250.57 |
|
|
BALANCE |
||
|
Gross Amount Due from Buyer |
$215,701.18 |
|
|
Less Total Credits to Buyer |
$125,250.57 |
|
|
AMOUNT DUE FROM BUYER |
$90,450.61 |
|
Last Updated July 29, 2010
 |
|
 |
|
Rick Lorenz, Broker,
CRS, ABR, CLHMS, CNE The Wells Group Real Estate Brokerage 901 Main Avenue, Durango, CO 81301 (970) 375-7007 (800) 955-0259 ext 1123 E-Mail: Rick@BuyDurango.com Copyright 1999 - 2010 All content is copyright protected as intellectual property of RickLorenz |
||
|
|
