3-Financial Settlement of the Transaction-Closings

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FINANCIAL SETTLEMENT OF THE TRANSACTION Settlement process The process of the settlement consists of five basic steps: Identify selling terms and closing costs. Determine non-prorated debits and credits. Determine prorated debits and credits. Complete the closing statement. Disburse funds. Selling terms and closing costs               Selling terms are the price […]

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2-Real Estate Settlement Procedures Act-Closings4-Computing Prorations-Closings