Estimated closing costs for sellers -buyer getting a conventional loan

CONVENTIONAL LOAN SELLER’S CHARGES

1. Loan Payoff (per existing lender’s payoff letter)
2. Realtors commissions (per contract)
3. Title Insurance
4. Prior Year Taxes Due
5. Prorated Taxes for the Current Year
6. Water & Sewer Bill
7. Record Release of Existing Loan
8. Real Estate Closing Fee
9. Express Mail Fees (if applicable)
10. Homeowners Dues, Fees, etc.

As always we are happy to help you if you have any questions.

Comments

Post a Comment

Popular posts from this blog

HOUSE FLIPPING: A BEGINNER'S GUIDE FOR SUCCESS

Image
Flipping a house means buying a home with the intention of fixing it up and selling it within six months for a profit. Americans flipped 26,947 single-family homes in Q3 2014, accounting for 4 percent of all home sales in that period, according to real estate data firm Realtytrac. The average gross return for investors was $75,990 per home, up 2 percent from Q2. Flipping houses can be profitable, particularly when home values are rising and interest rates remain at historically low levels. The Federal Housing Administration stopped enforcing anti-flipping regulations—which prohibited insuring any home for less than 90 days—in 2010. If you're looking to get into the home flipping business, follow these four guidelines for the best chance of success. Build a Bankroll Everything in life requires money, and house flipping is no exception. You could take out loans to buy properties, but then you are just creating debt in the hopes of making money. A smart house flipper who w...
Read more

Colorado watering guidelines for new trees

Have you ever wondered how much water you need for your new trees? Follow this simple guideline for the first two or three seasons after you plant a tree. (This guide line is good for trees planted in Colorado or other area with similar climates) Watering session is 10 gallons of water per 1 inch diameter (trunk of the tree) Example: A 3" tree trunk needs 30 gallons per watering session. Spring: (Mar/May) one watering session every other week Summer: (Jun/Aug) one watering session every other day Fall: (Sep/Nov) one watering session every other week Winter: (Dec/Feb) one watering session every month (if no measurable snow)
Read more

Millennials Striking Out on Their Own (Born 1980 1995)

Image
Household formation could soon be turning a corner, if young adults living with their parents started moving out to form their own households, according to a client note from Capital Economics. Household growth has been abnormally low at about a half a million since 2008. But growth is estimated to have risen to 1.7 million in 2014, up from 400,000 in 2014, according to the Census Bureau's latest Homeownership & Vacancy Survey. Read article   - Realtor Magazine
Read more

12M Consumers May Get Credit-Score Boost Soon

Image
The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on a credit report is inaccurate or incomplete. Civil judgments—which means a court has ruled a person owes money—also tend to be ripe with errors or omissions on a credit report, experts say. Consumers can dispute the errors, but the process can be cumbersome. Beginning July 1, Equifax, Experian, and TransUnion will automatically exclude tax lien and civil judgment records from credit reports if they are missing a person’s name, address, Social Security number, or date of birth. Claims that do contain this key information, however, will remain on credit reports. Six percent of Americans with a credit score—or 12 million— likely...
Read more

10132 ROYAL EAGLE LANE HIGHLANDS RANCH, CO 80129

Single family home foreclosure Property Address: 10132 ROYAL EAGLE LANE  HIGHLANDS RANCH, CO 80129   Subdivision: HIGHLANDS RANCH   Legal Description: LOT 75, HIGHLANDS RANCH, FILING NO. 118-G COUNTY OF DOUGLAS, STATE OF COLORADO.   Deed Of Trust Reception No.: 2006086277       Recorded: 10/05/2006      Original Note Amount: $260,000.00  Outstanding Balance as of FC Filing: $282,662.54  Foreclosure Status: Pre-Sale   Current Sale Date: 08/05/2015  Election & Demand Reception No.: 2015024442     Recorded: 04/16/2015   Combined Notice Mailed: 04/20/2015  Cure Intent Due By: 07/21/2015  Cure Intent Filed: No   Original Scheduled Sale Date: 08/05/2015  Current Sale Date: 08/05/2015  Fo r more info: https://plus.google.com/+SaberAmine/posts/jRtdB4Wru3U
Read more