Скачать или смотреть How Do Real Estate Closings Handle Prorated Taxes?

Navigating a real estate closing can be complex, especially when it comes to financial adjustments. This video breaks down how prorated property taxes are handled during the final stages of a real estate transaction, ensuring a clear understanding for buyers and sellers alike.

This video explores the essential aspects of prorated property taxes at closing, covering:
► Understanding what prorated taxes are and why they are necessary in a real estate closing.
► How property tax amounts are calculated and allocated between the buyer and seller.
► The role of the settlement statement (HUD-1 or Closing Disclosure) in detailing these adjustments.
► Common scenarios for tax proration, including whether taxes are paid in arrears or in advance.
► Why accurate proration is crucial for a fair and smooth transaction for both parties.


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