Escrow & Title
In NC, which of the following would typically appear on the HUD-1 or Closing Disclosure as a credit to the buyer?
ABroker's commission
BSeller's prorated property taxes that have not yet been paid✓ Correct
CTitle insurance premium
DAppraisal fee
Explanation
If the seller has not yet paid property taxes for the current year (and closing occurs mid-year), the seller's prorated share of those taxes is credited to the buyer (since the buyer will pay the full tax bill). This appears as a credit on the buyer's side of the settlement statement.
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