Escrow & Title
Which of the following is a debit to the buyer on a Hawaii closing statement?
AThe loan payoff
BThe purchase price✓ Correct
CThe existing mortgage being assumed
DReal estate commission
Explanation
The full purchase price is a debit (amount owed) to the buyer. Credits to the buyer include the new loan, earnest money deposit, and any seller concessions. The loan payoff and commission are debits to the seller.
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