Escrow & Title
A NH buyer's closing statement (HUD-1 or Closing Disclosure) will show which of the following as a credit to the buyer?
AThe buyer's origination fee
BThe seller's prepaid property taxes that the buyer will now owe✓ Correct
CLoan fees
DTitle insurance premiums
Explanation
Seller's prepaid property taxes for the period the buyer will own the property are a credit to the buyer on the closing statement. The buyer receives a credit from the seller for the seller's share of prepaid taxes.
Related New Hampshire Escrow & Title Questions
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