Escrow & Title
Proration at closing means:
AThe buyer pays all costs associated with the transaction
BExpenses such as property taxes are divided between buyer and seller based on the closing date✓ Correct
CThe seller receives credit for all prepaid expenses
DThe title company absorbs all unpaid liens
Explanation
Proration at closing divides ongoing expenses like property taxes and HOA dues between buyer and seller based on their respective periods of ownership, typically calculated as of the closing date.
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