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In a short sale many instances occur where the seller will not have
to pay anything at all to sell the home. Contact
us via e-mail
or at (858) 405-6117 for more details on this process.
The SELLER can generally (in a regular sale) be expected
to pay for:
- Real Estate Commission
- Document preparation fee for deed
- Documentary transfer tax, if any
- Payoff of all loans in Seller's name
- Interest accrued to lender being paid off
- Statement fees, re-conveyance fees and any prepayment penalties
- Termite inspection (or according to contract)
- Any judgments, tax liens, etc., against the Seller
- Tax proration (for any taxes unpaid at time of transfer of title)
- Any unpaid homeowner's dues
- Recording charges to clear all document of record against Seller
- Any bonds or assessments (or according to contract)
- Any and all delinquent taxes
- Notary fees
- Escrow fee (one half)
- Title insurance premium for Owner's policy
- Termite inspection (or according to contract)
- Homeowner's transfer fee
- City transfer/conveyance tax (or according to contract)
The BUYER can generally be expected to pay for:
- Title insurance premium for Lender's policy
- Escrow fee (one half)
- Document preparation (if applicable)
- Notary fees
- Recording charges for all documents in Buyer's name
- Tax proration (from date of acquisition)
- All new loan charges (except 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 for takeover of existing loan
- Beneficiary statement fee for assumption of existing loan
- Inspection fees that you choose (roofing, property inspection,
geological, etc.)
- Fire insurance premium (for a condo this is included in your
monthly HOA payment
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