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FORESTRY R E S I D E N T I A L Community Handbook Navy Neighborhoods and Welcome Home! September 30, 2010, TABLE OF CONTENTS General Information Page 1 Privatization Acronyms Common Definitions 1
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What is r e s i?
r e s i stands for Real Estate Settlement Information, which is a form used in real estate transactions to disclose all financial arrangements and transactions related to the sale or purchase of a property.
Who is required to file r e s i?
The requirement to file r e s i forms depends on the country or jurisdiction. Typically, it is the responsibility of the buyer, seller, and any involved financial institutions or settlement agents to submit the required r e s i forms.
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To fill out a r e s i form, you need to provide detailed information about the property being sold or purchased, the parties involved, as well as all financial aspects, such as loan details, lender fees, closing costs, and any other relevant financial transactions.
What is the purpose of r e s i?
The main purpose of the r e s i form is to provide transparency and full disclosure of all financial aspects of a real estate transaction. It allows buyers and sellers to better understand the financial terms and costs associated with the property sale or purchase.
What information must be reported on r e s i?
The exact information required to be reported on a r e s i form can vary depending on local regulations. However, it typically includes details about the property, loan terms, lender fees, closing costs, taxes, insurance, and any other relevant financial information related to the real estate transaction.
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