CNYHomes - Settlement Guide for Sellers

WHAT THE SELLER RECEIVES
Balance due on house plus down payment funds held in escrow pending the closing.	$______
Property tax and other escrow funds accumulated by your mortgage lender (paid at closing or mailed within the week).	$______
Utility deposits held by gas, electric, water, telephone, cable, or other utilities (from the utility).	$______
Prorated refunds on prep aid service contracts (usually for heating and/or cooling systems).	$______
Prorated portion of paid-up property taxes.	$______
Prorated mortgage interest for payment made during the current month (from lender, if applicable).	$______
Rebate for fuel remaining in storage tank (usually fuel oil or propane).	$______
Other payments.	$______
Total Due Seller:	$______

WHAT THE SELLER PAYS
Brokerage commission is the previously negotiated fee for selling the home.	$______
Escrow or legal fees settle attorney's or escrow firm's charge for preparing.	$______
Document preparation fee may be included with the above item.	$______
Recording and notary fees - $5 to $50 - are sometimes included in overall charge from the settlement firm.	$______
Title Search and title insurance are separate charges that may be paid by either buyer or seller.	$______
Transfer taxes are local taxes on the real estate transaction, if any.	$______
Survey and inspections for termite or other special inspections that you've agreed to pay for.	$______
Repairs you've agreed to pay for.	$______
Discount points if you subsidize the buyer's interest rate by paying a lump-sum fee to the borrower.	$______
Balance of any indebtedness secured by the property.	$______
Other charges.	$______
Total Paid By Seller:	$______