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Common Closing Costs for Buyers

The lender must disclose a good faith estimate of all settlement costs. A check to cover your closing costs will probably have to be a cashier’s check. The title company or other entity conducting the closing will tell you the required amount for:

A Note About Prorations: Because such costs are usually paid on either a monthly or yearly basis, you might have to pay a bill for taxes and/or dues paid by the sellers before they moved. Proration is a way for the sellers to pay you back or for you to pay them for monies they may have paid in advance.

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