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HomeMy WebLinkAboutMisc Letters HUD-1 U.S.Department of Housing A.Settlement Statement and Urban Development OMB No.2502.0265 B.Type of Loan a 1.FHA Q 2 FmHA O 3.Conv.Unins. 6.File Number 7.Loan Number a. Mortg.Ins.Case Num. Q 4.VA Q S.Conv.Ins. 2016-5419 ID: C.NOTE:This fort Is furnished to give you a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked'(p.o.c-r were paid outside the closing:they are shown here for informational purposes and are not included in the totals. D.NAME OF BORROWER: Isaac Ramulus,a married man Address of Borrower. 1125 SW Coleman Ave,Fort Pierce,Florida 34953 IM NAME OF SELLER: Cheslyne Elan,a married woman Address of Seller. 6201 Willoughby Cir,Lake Worth,Florida 33463 p TIN:592-67-8359 F.NAME OF LENDER: REUEIt'-U JUL 11 2096 Address of Lander. G.PROPERTY LOCATION: 1817 SW Southwest Dr,Fort Pierce,Florida 34950 H.SETTLEMENT AGENT: Allen Falk,PA TIN:65-0974158 Place of Settlement: 507 North Dixie Hwy,Lake Worth,Florida 33460 Phone:561493-9200 t.SETTLEMENT DATE: 718116 DISBURSEMENT DATE:718116 J.Summary of borrower's transaction K.Summary of seller's transaction rt400.Gross amount due to seller: 101.Contract sales price 45,800.00 401.Contract sates price 45,800.00 102.Personal property 1402.Personal property 103.Settlement charges to harrower(Line 1400) 763.50 403. 104. 1404. 105. 405. 106.City/town tames 406.City/town taxes 107.County taxes 407.County taxes 108.Assessments 408.Assessments 109. 409. 110 410. 111. 1411. 112 412. 120.Gross amount due from borrower. 46,563.50 420.Gross amount due to seller. 45,800.00 it rt 2D1.Deposit or earnest money 5,000.00 501.Excess deposit(see instructions) 1202.Principal amount of new loan(s) 502.Settlement charges to seller(line 1400) 6.380.17 1203.Existing loan(s)taken subject to 503.Existing loan(s)taken subject to 1204.Principal amount of second mortgage 504.Payoff of first mortgage loan 205 505.Payoff of second mortgage loan 205. 506.Deposits held by seller 207.Principal amt of mortgage held by seller 507.Principal amt of mortgage held by seller 208. 508. 209. 509. 210.Cilyttown taxes 510.City/town taxes 211.County taxes from 01101/16 to 07/08/16 739.10 511.County taxes from 01/01/16 to 07/08/16 739.10 212.Assessments 512.Assessments 213. 513. 214. 514. 215. 615. 216. 616• 217. 517. 218. 618. 219. 519. 220.Total paid bylfor borrower. 5,739.10 520.Total reductions In amount due seller. 7,11527 rr .rr 301.Gross amount due from borrower 46,563.50 601.Gross amount due to seller 45,800.00 (line 120) (line 42D) 302.Less amount paid bytfor the borrower (5.739.10) 602.Less total reductions in amount due seller (7,11927) (line 220) (line 520) 303.Cash( ✓[]From ❑To )Borrower: 40,824.40 603:Cash( ©To ❑From )Seller. 38,680.73 Substitute Form 1099 Seller Statement: The information contained in blocks E,G,H,and i and on line 401 is important tax infomratIon and is being furnished to the IRS. If you are required to file a return,a negligence penalty or other sanction will be Imposed on you If this Item is required to be reported and the IRS determines that It has not been reported. Seller Instructions: if this real estate was your principal residence,file Form 2119,Safe or Exchange of Principal Residence,for any gain,with your tax return:for other transactions,complete the applicable parts of Form 4797,Form 6262 and/or Schedule D(Form 1040). Borowe s Initial(s) Saliva itiat(s): DOubleTlme6)