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What is the total dollar amount that the seller is walking away with at the close of the deal? Where in the document do you
- What is the total dollar amount that the seller is "walking away with" at the close of the deal? Where in the document do you find the answer to this question? (What line?)
- Are the borrowers paying any discount points on their loan? What line of the document provides the answer to this question? What other loan fees are the borrowers paying? (Be sure to list them all.)
- Who is paying for title insurance in this deal? Where did you find this information?
- Does the seller have an existing loan that is getting paid off? If yes, what is the balance of the loan?
- What is the total amount that the buyer is borrowing? How much is the primary mortgage/trust deed? Is there a second loan? If so, how much is the second mortgage/trust deed? Where did you find this information?
Chapter 8 Figure 8-11 A. U.S. DEPARTMENT OF HOUSING AND VRBAN DEVELOPMENT 1. B. TYPE OY LOAN FHA 2 PHA 3. IX] Conv, une 4. VA 5. UConvins SETTLEMENT STATEMENT 6. SCHON BURE 2. LOW WOW 1-10533 B. MORTGAGE THROWARCE LUKA THIS WORK IS TURNISHED TO GIVE YOU A STATEMENT OF YAH AQILAL SETTLINT COSTS. AMOUNTS PAID TO AND BY THE BUTLET ASUNT ARE SHOW ITERE HARD (2.0.0.) VER PAID OUTSIDE OF THE CLOSE THEY ARE SOMH HERE FOR INFORMATIONAL PURPOSES AND ARE NOT INCLUDED IN THE TOTAL P. MAKE OF BORBONER S. WARE OP HELLO T. WARK OF LEADER JON BUYER JGEH BELLER GET SHART HAVING AND LOAN JAXE BUYER JANE SELLER 123 Lending Lane 133 Purches Lane Beverly Hill, CA 1020 Glendale, CA G. PROPERTT LOCATION. H. SETTLDREUT ACERT.COLONIAL ESHOW INC I. SETTLORERT BATE: 123 PUCHASE LAME PLACE OF SETTLERET: GLENDALE, CA 601 KABT OLEHOAKS BLVD. SUITE 910 06/01/20 GLENDALE, CA W207 PO BOX 633 GLENDALE, CA 91209-14 BUYER SELLE AL SUMMARY OF BORROWER'S TRANSACTIONS K. SUMMARY OF SELLER'S TRANSACTIONS 2100 GROES AROUNDUK ROHOKROVER 600 GROSS AROUSIT DUE TO BEHAR 101.CONTRAGI SALES PRICE B00,000.00 LOL.CONTRACT BALL TRICE 800,000.00 102. OHAL PROPERTY 402.92.SONAL PROPERTY 203. SETTL. CNR 70 DOBROHELINE 1460) 10, 122,00 4.03.DATOSITE 104 1404 105 403 Adjustment items paid by soller in advance Adjustments: Itens paid by seller in advance 106.CITY/TOUH TAXE 406 CITY/BOH TAKES 107. GOUNTY TAXES 407. COUNTY TALES 108. ASSESSMENTS 408. ASSESSMENTS 109. TAXEB/01/20 TOX/01/20 666.67 409. TAXES 06/01/20 TO 7/01/20 666.62 110. 410 111 112 4112 120 GROSS AMOUNT DUE 420 GROSS AMOUNT DUE 810.788.68 800.666.67 FROM BORROWER TO SELLER 200 AMOUNTS PAID BY ORHIN BOLAL OR RORROWER S00SKEDUCTIONS IN AMOUNT DUS TOOR 201.DEPOSITE 91,000.00 501, KORS DEPOSIT 202. PRINCIPAL AMOUNT OF NEW LOANES > 640,000.00 502. SKYTIN GHERGE TO SELLER LINE 3000> 54,845.00 203.EXESTIMO LOAHES) TAKES SUBJECT 503. EXISTHO LOAN (S) TAXEH SEJNCTI TO 204.NEW ZND TRUST DEED 80 ODO.00 504. PAYOFF TO HOST SUPERIOR SAVINGS AND 1 490,000.00 205 505. THTERROR PROKTOLO TO OU/Dira 4,16116 206 506. FORWARD THO ZE 50.00 207 507.NROONVEYANCE TE 60.00 208 508. NEW 2ND TROST DEID 80,000.00 209 509 Adustments Items unpaid by seller Ad ustments: IEBS nga 10 by seller 210.CITY/TOM TAXES 510. CITY/FOHN TAKES 211.COUNTT TAXES 511.COUNTY TAXES 212. ASSESSMENTS 1512. ASSESSMENTS 215 1513 224. 514 215 515 216. 516. 217 517 1218 518 2192 519 220 TOTAL PAID BY/FOR 811,000.00 520 TOTAL REDUCTION AMOUNT 629,116.64 BORROWER DUE SELLER 1300 CASEAT SETILENENT PROR/TO BORRORER GOOGASOLLENT TO PROHI SZER 301. Gross anunta due from 601. Gross amount due to seller 810,788.68 borrower 800,666.67 (line 120 (line 420) 302. Los mounts paid by/for B11,000.00 602. Lesa reductions in amount borrover (line 220) due seller (line 520) 629.116.64 303. CASH FRON) TO[X] BORROWER 211.32 603. CASH FROM 1 TO SELLER 171.550.03 ESCROWS AND TITLE INSURANCE L. SETTLEMENT STATEMENT 700. TOTAL SALES/BROKERS COMO TSSTOR BASED ON PRICES 800,000.00 @ 6.004 701 BROKER JQ SHART 48,000.00 702 PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAID FROM SELLER'S FUNDS AT SETTLEMENT 703 1704. COMMISSIONS PAID AT SETTLEMENT 48,000.00 1800. ITEAS PAYABLE IN CONNECTION WITH LATER 6,400.00 350.00 45.00 89.00 250.00 131.51 1.000.00 B01 LOAN VE 802. LOAN DISCOUNT 803. APPRAISAL 804. CREDIT REPORT 805. LENDER'S INSPECTION FEE 806, MORTGAGE INSURANCE APPLICATION YRE 807. ASSUMPTION PER 808. TAX SERVICE 809. DOCUMENT TEE 810 811. 900. ITEMS POUIRED BY LONDER TO BE PAID IN ADVANCE 901. INTEREST AT 7.5000) FROM 05/31/20 TO 08/01/20 1902. MORTGAGE INSURANCE 1903. PROPERTY INSURANCE, INC. FOR FIRE INSURANCE 904. 905 BLIR 1000. RESERVES DEPOSITED WITH LENDER 1001. HAZARD INSURANCE 1002. MORTGAGE INSURANCE 1003.CITY PROPERTY TAXES 1004.COUNTY PROPERTY TAXES 1005. ANNUAL ASSESSMENTS 1006 1007 1008 100ESCROW AND TIRE CHARGES 1101.ESCROW VER TO COLONIAL ESCROW INC 1102. ABSTRACT OR TITLE SEARCH 1103. TITLE EXAMINATION 1104.TITLE INSURANCE BINDER 1105. DOCUMENT PREPARATION TO COLONIAL ESCROM IMC 1106.MESSENGER PEE TO COLONIAL ESCROW INC 1107. ATTORNEYS YEES 1108.TITLK POLICY TO AMERICAN.COAST TITLE 1109 LENDERS COVERAGE $ 640,000.00 1110 OWNERS COVERAGE $ 800,000.00 1111. PROCESSING DEMANDS TO COLONIAL ESCROW IHO. 1112.DOCUMENT YEE TO COLONIAL ESCROW, INC. 1113. LOAN TIE IN FEE TO COLONIAL ESCROW.INC 1200COVERNMENT RECORDING AND TRANSFER CHARGES 1201 . RECORDING YEES DEED $8.00 MORTGAGE $20.00, RELEASES $5.00 1202.DOCUMENTARY TRANSFER TAX 1203. STATE TAXI STAMPS 1204 1205. BER 1300 ADDITIONAL SAITLENENLICHARGES 1301. SURVEY 1302.PEST CONTROL, INC. FOR TERMITE REPORT/WORX 1303.SUB ESCROW PEE TO AMERICAN COAST TITLE 1304.TITLE INDORSEMENT YEL(S) TO AMERICAN COAST TITLE 1305. STREET ASSESSMENT BOND TO AMERICAN COAST TITLE 1306. HOME WARRANTY, INC. FOR HOME PROTECTION POLICY 1307 1400. TUTAT SETTLIENT CHARGES KTER ONLINE DE EROITOHE ADEO 900.00 900.00 50.00 628.50 2,165.00 35.00 85.00 125.00 28.00 5.00 B80.00 1,000.00 75.00 75.00 50.00 1.300.00 400.00 1000 OUR SEARCH 10.122.01 54,845.00 Chapter 8 Figure 8-11 A. U.S. DEPARTMENT OF HOUSING AND VRBAN DEVELOPMENT 1. B. TYPE OY LOAN FHA 2 PHA 3. IX] Conv, une 4. VA 5. UConvins SETTLEMENT STATEMENT 6. SCHON BURE 2. LOW WOW 1-10533 B. MORTGAGE THROWARCE LUKA THIS WORK IS TURNISHED TO GIVE YOU A STATEMENT OF YAH AQILAL SETTLINT COSTS. AMOUNTS PAID TO AND BY THE BUTLET ASUNT ARE SHOW ITERE HARD (2.0.0.) VER PAID OUTSIDE OF THE CLOSE THEY ARE SOMH HERE FOR INFORMATIONAL PURPOSES AND ARE NOT INCLUDED IN THE TOTAL P. MAKE OF BORBONER S. WARE OP HELLO T. WARK OF LEADER JON BUYER JGEH BELLER GET SHART HAVING AND LOAN JAXE BUYER JANE SELLER 123 Lending Lane 133 Purches Lane Beverly Hill, CA 1020 Glendale, CA G. PROPERTT LOCATION. H. SETTLDREUT ACERT.COLONIAL ESHOW INC I. SETTLORERT BATE: 123 PUCHASE LAME PLACE OF SETTLERET: GLENDALE, CA 601 KABT OLEHOAKS BLVD. SUITE 910 06/01/20 GLENDALE, CA W207 PO BOX 633 GLENDALE, CA 91209-14 BUYER SELLE AL SUMMARY OF BORROWER'S TRANSACTIONS K. SUMMARY OF SELLER'S TRANSACTIONS 2100 GROES AROUNDUK ROHOKROVER 600 GROSS AROUSIT DUE TO BEHAR 101.CONTRAGI SALES PRICE B00,000.00 LOL.CONTRACT BALL TRICE 800,000.00 102. OHAL PROPERTY 402.92.SONAL PROPERTY 203. SETTL. CNR 70 DOBROHELINE 1460) 10, 122,00 4.03.DATOSITE 104 1404 105 403 Adjustment items paid by soller in advance Adjustments: Itens paid by seller in advance 106.CITY/TOUH TAXE 406 CITY/BOH TAKES 107. GOUNTY TAXES 407. COUNTY TALES 108. ASSESSMENTS 408. ASSESSMENTS 109. TAXEB/01/20 TOX/01/20 666.67 409. TAXES 06/01/20 TO 7/01/20 666.62 110. 410 111 112 4112 120 GROSS AMOUNT DUE 420 GROSS AMOUNT DUE 810.788.68 800.666.67 FROM BORROWER TO SELLER 200 AMOUNTS PAID BY ORHIN BOLAL OR RORROWER S00SKEDUCTIONS IN AMOUNT DUS TOOR 201.DEPOSITE 91,000.00 501, KORS DEPOSIT 202. PRINCIPAL AMOUNT OF NEW LOANES > 640,000.00 502. SKYTIN GHERGE TO SELLER LINE 3000> 54,845.00 203.EXESTIMO LOAHES) TAKES SUBJECT 503. EXISTHO LOAN (S) TAXEH SEJNCTI TO 204.NEW ZND TRUST DEED 80 ODO.00 504. PAYOFF TO HOST SUPERIOR SAVINGS AND 1 490,000.00 205 505. THTERROR PROKTOLO TO OU/Dira 4,16116 206 506. FORWARD THO ZE 50.00 207 507.NROONVEYANCE TE 60.00 208 508. NEW 2ND TROST DEID 80,000.00 209 509 Adustments Items unpaid by seller Ad ustments: IEBS nga 10 by seller 210.CITY/TOM TAXES 510. CITY/FOHN TAKES 211.COUNTT TAXES 511.COUNTY TAXES 212. ASSESSMENTS 1512. ASSESSMENTS 215 1513 224. 514 215 515 216. 516. 217 517 1218 518 2192 519 220 TOTAL PAID BY/FOR 811,000.00 520 TOTAL REDUCTION AMOUNT 629,116.64 BORROWER DUE SELLER 1300 CASEAT SETILENENT PROR/TO BORRORER GOOGASOLLENT TO PROHI SZER 301. Gross anunta due from 601. Gross amount due to seller 810,788.68 borrower 800,666.67 (line 120 (line 420) 302. Los mounts paid by/for B11,000.00 602. Lesa reductions in amount borrover (line 220) due seller (line 520) 629.116.64 303. CASH FRON) TO[X] BORROWER 211.32 603. CASH FROM 1 TO SELLER 171.550.03 ESCROWS AND TITLE INSURANCE L. SETTLEMENT STATEMENT 700. TOTAL SALES/BROKERS COMO TSSTOR BASED ON PRICES 800,000.00 @ 6.004 701 BROKER JQ SHART 48,000.00 702 PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAID FROM SELLER'S FUNDS AT SETTLEMENT 703 1704. COMMISSIONS PAID AT SETTLEMENT 48,000.00 1800. ITEAS PAYABLE IN CONNECTION WITH LATER 6,400.00 350.00 45.00 89.00 250.00 131.51 1.000.00 B01 LOAN VE 802. LOAN DISCOUNT 803. APPRAISAL 804. CREDIT REPORT 805. LENDER'S INSPECTION FEE 806, MORTGAGE INSURANCE APPLICATION YRE 807. ASSUMPTION PER 808. TAX SERVICE 809. DOCUMENT TEE 810 811. 900. ITEMS POUIRED BY LONDER TO BE PAID IN ADVANCE 901. INTEREST AT 7.5000) FROM 05/31/20 TO 08/01/20 1902. MORTGAGE INSURANCE 1903. PROPERTY INSURANCE, INC. FOR FIRE INSURANCE 904. 905 BLIR 1000. RESERVES DEPOSITED WITH LENDER 1001. HAZARD INSURANCE 1002. MORTGAGE INSURANCE 1003.CITY PROPERTY TAXES 1004.COUNTY PROPERTY TAXES 1005. ANNUAL ASSESSMENTS 1006 1007 1008 100ESCROW AND TIRE CHARGES 1101.ESCROW VER TO COLONIAL ESCROW INC 1102. ABSTRACT OR TITLE SEARCH 1103. TITLE EXAMINATION 1104.TITLE INSURANCE BINDER 1105. DOCUMENT PREPARATION TO COLONIAL ESCROM IMC 1106.MESSENGER PEE TO COLONIAL ESCROW INC 1107. ATTORNEYS YEES 1108.TITLK POLICY TO AMERICAN.COAST TITLE 1109 LENDERS COVERAGE $ 640,000.00 1110 OWNERS COVERAGE $ 800,000.00 1111. PROCESSING DEMANDS TO COLONIAL ESCROW IHO. 1112.DOCUMENT YEE TO COLONIAL ESCROW, INC. 1113. LOAN TIE IN FEE TO COLONIAL ESCROW.INC 1200COVERNMENT RECORDING AND TRANSFER CHARGES 1201 . RECORDING YEES DEED $8.00 MORTGAGE $20.00, RELEASES $5.00 1202.DOCUMENTARY TRANSFER TAX 1203. STATE TAXI STAMPS 1204 1205. BER 1300 ADDITIONAL SAITLENENLICHARGES 1301. SURVEY 1302.PEST CONTROL, INC. FOR TERMITE REPORT/WORX 1303.SUB ESCROW PEE TO AMERICAN COAST TITLE 1304.TITLE INDORSEMENT YEL(S) TO AMERICAN COAST TITLE 1305. STREET ASSESSMENT BOND TO AMERICAN COAST TITLE 1306. HOME WARRANTY, INC. FOR HOME PROTECTION POLICY 1307 1400. TUTAT SETTLIENT CHARGES KTER ONLINE DE EROITOHE ADEO 900.00 900.00 50.00 628.50 2,165.00 35.00 85.00 125.00 28.00 5.00 B80.00 1,000.00 75.00 75.00 50.00 1.300.00 400.00 1000 OUR SEARCH 10.122.01 54,845.00
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