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HOA TRANSFER OF OWNERSHIP FORM *Top section is to be completed by the closing attorneys office: (complete and email books pwraleigh.com)Date Sent Closing Date of Sale Law Firm (Phone) (Fax) (Email)

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How to fill out sellers closing statement explained

01

Step 1: Gather all the necessary documents and information related to the transaction, including the sales contract, loan documents, title insurance, and any inspection reports.

02

Step 2: Begin by filling out the basic information about the property, such as the address, legal description, and tax identification number.

03

Step 3: Enter the agreed-upon sales price and any adjustments, such as prorated property taxes or rental income.

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Step 4: Include any applicable seller concessions or credits.

05

Step 5: Deduct any outstanding mortgage balance or liens on the property.

06

Step 6: Calculate the prorated property taxes, homeowner association dues, or other pro-rations.

07

Step 7: Add or subtract any other fees or expenses, such as real estate commissions, attorney fees, or inspection costs.

08

Step 8: Once all the numbers are calculated, verify the totals and ensure they balance.

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Step 9: Review the statement for accuracy and completeness, making any necessary adjustments or corrections.

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Step 10: Sign and date the sellers closing statement, along with any required notarization or witness signatures.

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Step 11: Provide copies of the completed statement to all relevant parties and retain a copy for your records.

Who needs sellers closing statement explained?

01

Anyone involved in a real estate transaction as a seller or their legal representative needs the sellers closing statement explained. This includes homeowners, property investors, and individuals who are selling real estate.

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What is sellers closing statement explained?

The seller's closing statement is a document that outlines all the expenses and credits involved in a real estate transaction.

Who is required to file sellers closing statement explained?

The seller is required to file the closing statement.

How to fill out sellers closing statement explained?

The seller must fill out the closing statement with accurate information about all financial aspects of the sale.

What is the purpose of sellers closing statement explained?

The purpose of the closing statement is to provide a detailed breakdown of all financial transactions related to the sale of the property.

What information must be reported on sellers closing statement explained?

The closing statement must include information on the sale price, any outstanding mortgages, closing costs, and any credits or debits related to the transaction.

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