Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the EFFECTIVE sales price of the property? HOMEWORK #2 (DUE IN CLASS - THURSDAY OCTOBER 3RD) BUYER'S FINAL SETTLEMENT STATEMENT PROPERTY: DATE: March

What is the EFFECTIVE sales price of the property?
image text in transcribed
HOMEWORK #2 (DUE IN CLASS - THURSDAY OCTOBER 3RD) BUYER'S FINAL SETTLEMENT STATEMENT PROPERTY: DATE: March 21, 2018 March 21, 2018 006750-BW CLOSING DATE: ESCROW NO.: BUYER: FIRST AMERICAN EXCHANGE COMPANY INTERMEDIARY) AND NINC NEBRASKA AVE. LLC (EXCHANGOR) DEBITS CREDITS FINANCIAL CONSIDERATION 3.207 008.43 300.000.00 5,000,000.00 2,280,000.00 Deposit Depost from NC APARTMENT VENTURES, LLC - JPMCHASE New 1st Trust Deed - JONATHAN POLLOCK TRUSTEE OF THE JONATHAN POLLOCK REVOCABLE LIVING TRUST OF 1998 New 2nd Trust Deed - GEORGE BERNARD TAUNTON AND CAROL ANN TAUNTON, trustees of the TAUNTON TRUST OF 1999 LOAN INFORMATION - JONATHAN POLLOCK,TRUSTEE OF THE JONATHAN POLLOCK REVOCABLE LIVING TRUST OF 1998 ICharges $6.250.001 new Ist noteldt Interest at 45000% from 03/21/2018 to 04/01/2018 to JONATHAN POLLOCK TRUSTEE OF THE JONATHAN 6.250,00 LOAN INFORMATION - GEORGE BERNARD TAUNTON AND CAROL ANN TAUNTON, trustees of the TAUNTON TRUST OF 1999, Charges $2,850.00 new note and 2nd dit interest at 4.5000% from 03/21/2018 to 04/01/2018 to GEORGE BERNARD TAUNTON AND CAROL ANN TAUNTON 2,850.00 13,44706 PRORATIONS ADJUSTMENTS County Taxes at 524204.71/semi-annually from 03/21/2018 to 07/01/2018 County Taxes at $23055.75/semi-annually from 03/21/2018 to 07/012018 RENTS at 553820.00/monthly from 03/21/2018 to 04/01/2018 SECURITY DEPOSIT 12,808.75 17.940.00 25,300.00 2.400.00 30.000.00 300,000.00 46,828.00 100.00 100.00 1.700.00 OTHER DEBITS/CREDITS VENBROOK INSURANCE SERVICES for Homeowner's Insurance FUSION PROPERTY MANAGEMENT COMPANY NINC APARTMENT VENTURES, LLC REFUND DEPOSIT DURFEE APARTMENTS TITLE/TAXES RECORDING CHARGES - FIRST AMERICAN TITLE COMPANY Title CLTA - FIRST 55,000,000.00 Title - CLTA 2ND 52.280,000.00 Tite. Policy Endorsements Title Title Wire/Messenger Fee Title - Notary Fee to DOCS2U.LLC Recording Grant Deed Recording Trust Deed Recording TRUST DEED ESCROW CHARGES - Progressive Escrow, Inc. Tide - Escrow Fee Title - Drawing Note Trust Deed Tide - Messenger FeeDoc Fees/Wire Fax Ele Total Refund FIRST AMERICAN EXCHANGE COMPANY488059 888 8888 7,300.00 100.00 5,871.61

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Describe what a one-minute self-sell is and what it contains.

Answered: 1 week ago

Question

List and explain the steps in the negotiating process.

Answered: 1 week ago