Escrow & Title
Which of the following items would appear as a 'debit' to the buyer on the closing statement?
AThe earnest money deposit already paid
BThe buyer's loan amount
CProrated property taxes the seller has not yet paid
DThe purchase price of the property✓ Correct
Explanation
On the buyer's closing statement, the purchase price is a debit (money the buyer owes). Credits to the buyer include the earnest money already paid, the loan amount, and any seller-paid credits. The purchase price is the largest debit.
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