Escrow & Title
In a Nebraska transaction, 'proration' at closing ensures that:
AThe buyer pays the full year's property taxes
BOngoing expenses are fairly divided between buyer and seller based on ownership period✓ Correct
CThe lender receives their fees first
DAll costs are paid by the seller
Explanation
Prorations allocate ongoing expenses (property taxes, HOA dues, rents, utilities) between buyer and seller based on their respective periods of ownership. The goal is fairness — each party pays only for their portion of the year.
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