The annual maintenance fee is $2220 and was paid by the seller on January 10. Closing is
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Question:
The annual maintenance fee is $2220 and was paid by the seller on January 10. Closing is May 18 at which time the ownership will transfer to buyer. Using a banker's year and calculating the proration "to" (not through) the day of closing, what amount would be credited to the seller.
Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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