A seller's closing statement is sometimes confused with a HUD-1. To better understand what sellers net at closing, one starts with a balancing of credits and debits. A credit is defined as the sales price amount- that is the amount the seller receives. Debits are defined by the sum of all the costs of sale associated with home selling. Home Destination helps sellers know what other credits may be involved for their particular home sale.
Other fees may include: Mtg Transfer Fee, Tax Service Fee, Re-drawing fees, Wind Insurance, prepaid property tax, etc.
VA & FHA buyers do not pay: Document Prep & Underwriting Fees, Tax Service Fee, Processing Fee, Courier & Express Fees.
Contact Jenna Thuening for assistance determining what sellers net at closing.
