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What Does The Buyer Pay For?
Buyers Answers
The Buyer Can Generally Be Expected To Pay For:
- Title insurance premium – Lender’s policy
- Escrow fee 50%
- Document preparation (if applicable)
- Notary fees for loan documents
- Recording charges for all documents in buyer’s name
- Tax proration (from date of Acquisition)
- All new loan charges (expect those required by lender for seller to pay)
- Interest on new loan from date of funding to 30 days prior to first payment date.
- Assumption / Change of Records fees when existing loan is being assumed
- Beneficiary Statement fee for assumption of existing loan
- Inspection fees (roofing, property inspection, geological, etc.)
- Fire insurance premium for first year
Provided By: United Title Company
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