Escrow & Title
At a Vermont closing, the 'prorations' of property taxes, rents, and other expenses are calculated to ensure:
AThe seller pays all expenses through closing day; the buyer pays from the next day forward
BEach party pays their fair share of expenses for the period they own or occupy the property✓ Correct
CThe lender receives all prorated amounts
DAll expenses are split 50/50 regardless of occupancy
Explanation
Prorations at Vermont closings allocate expenses (property taxes, rent, utilities, HOA fees) between buyer and seller based on the closing date, ensuring each party pays for the period they actually owned or occupied the property. Credits or debits are reflected on the closing disclosure.
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