Escrow & Title
In NC, 'proration' of homeowners association dues at closing is handled by:
AThe HOA setting the exact amount
BDividing annual HOA dues proportionally between buyer and seller based on days owned✓ Correct
CThe buyer paying the full year's dues
DThe seller retaining all prepaid HOA dues
Explanation
HOA dues are prorated at closing so that each party pays for their portion of the period covered, similar to property tax prorations.
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