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| Rick Lorenz, ABR CRS and his team | |
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This closing statement was for a vacant lot were the buyer paid cash via a home equity line of credit they had on their personal residence. |
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Settlement Date: |
2/16/01 |
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Proration Date: |
2/16/01 |
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DEBITS (charges) |
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Purchase Price |
$80,000.00 |
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Tile Co. Closing Fee (1/2) |
$100.00 |
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Tax Certificate |
$15.00 |
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Record Warranty Deed |
$10.00 |
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Documentary Fee |
$8.00 |
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Gross Amount Due From Buyer |
$80,133.00 |
Note: extremely low closing costs due to cash transaction. Total costs were $133. |
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CREDITS |
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Earnest Money Deposit |
$3,500.00 |
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Taxes for current yr. 1/1/01 - 2/16/01 @ $0.6748 |
$31.04 |
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. |
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Less Total Credits to Buyer |
$3,531.04 |
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BALANCE |
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Gross Amount Due from Buyer |
$80,133.00 |
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Less Total Credits to Buyer |
$3,531.04 |
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AMOUNT DUE FROM BUYER |
$76,601.96 |
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