HomeMy WebLinkAboutSETTLEMENT STATEMENT
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A. S6Ulement Statement
U.S. Department of Housing
and Urban Development
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B. Type of Loan
1.C8l FHA 2.0 RHS 3.0 Conv. Unins. 6. File Number 7. Loan Number 8. Mortgage Insurance Case Number
4.0 VA 5.0 Conv. Ins. 08-1104 "Augusta Properties" FHA Project No. 061-35543
C. Note: This form 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.)" were paid outside the closing; they are shown here for information purposes and are not included in the totals.
D. Name and Address of Borrower E. Name and Address of Seller F. Name and Address of Lender
Augusta Properties, L.P. AUGUSTA, GEORGIA Red Mortgage Capital, Inc.
1901 B Broad Street 925 Laney Walker Blvd. Two Miranova Place, 12th Floor
Augusta, GA 30901 ---Au-gusta, GA 30901-2959 Columbus, OH 43215
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G. Property Location H. Settlement Agent
1328 Baker Avenue Bush Law Firm, P.C.
Augusta, GA 30901
Lots A, B, C, D, E and F, Plat 18-P, page 19, City Place of Settlement I. Settlement Date
of Augusta, Richmond Co., GA 045-3-242-00-0 462 Telfair Street 08/06/08
Augusta, Georgia 30901
J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION:
100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER
101. Contract sales price 200,000.00 401. Contract sales price 200,000.00
102. Personal prooertv 402. Personal prooertv
103. Settlement charoes to borrower (line 1400) 58,713.78 403.
104. 404.
105. 405.
Adjustments for items paid by seller in advance Adjustments for items paid bv seller in advance
106. City/town taxes to 406. City/town taxes to
107. County taxes to 407. County taxes to
,
108. Assessments to 408. Assessments to
109. Lender repair escrow 400,900.00 409.
110. Lender Ooeratino Deficit Escrow 24,500.00 410.
111. 411.
112. 412.
120. GROSS AMOUNT DUE FROM BORROWER 684,113.78 420. GROSS AMOUNT DUE TO SELLER 200,000.00
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT TO SELLER
201. Deposit or earnest money 501. Excess Deposit (see instructions)
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400)
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to
204: 504. Payoff of first mortgage loan
205. trade credit due 842 Greene Street 200,000.00 505. Payoff of second mortgage loan
206. balance due 842 Greene Street 484,113.78 506.
207. 507. net costs 842 Greene Street 687,000.00
208. 508.
209. 509.
Adjustments for items unDaid bv seller Adjustments for items unDaid bv seller
210. City/town taxes to 510. Citv/town taxes to
211. County taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
218. 518.
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OMB Approval No. 2502-0265
(expires 11/30/2009)
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
PAGE 2
L~,Si:TTL~'\IIENT CHARGES: File Number: 08-1104 PAID FROM PAID FROM
700. TOTAL SALES/BROKER'S COMMISSION based on orice $ @ BORROWER'S SELLER'S
= FUNDS AT FUNDS AT
Division of commission (line 700) as follows: SETTLEMENT SETTLEMENT
701. $ to
702. $ to
703. Commission paid at Settlement
704.
800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C.
801. Loan OriQination Fee %
802. Loan Discount %
803. Appraisal Fee to HollinQsworth Aooraisal Comoanv 3,000.00
804. Credit Report to
805. Lender's Inspection Fee to
806. Mto. Ins. Application Fee to
807. Assumption Fee to
808. Administration&lnspection Fees Red MortQaQe Caoital, Inc. 14,100.00
809. Lender LeQal Fees Red MortQaQe Capital, Inc. 15,000.00
810. Phase I Environmental Assess. Advanced Environmental Manaaement, Inc. 1,950.00
811. Enviornmental Lead/Abestos Rep ACES 5,250.00
812. Relocation Costs for Residents Auausta Prooerties, L.P. 3,250.00
813.
814.
815.
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from to @$ /day
902. Mortgage Insurance Premium to
903. Hazard Insurance Premium 1 yrs. to Nationwide Insurance Company O.OOB POC
904.
905.
1000. RESERVES DEPOSITED WITH LENDER FOR
1001. Hazard Insurance mO.@$ / mo.
1002. Mortoaoe Insurance mo.@$ /mo.
1003. City property taxes mo.@$ / mo.
1004. County property taxes mO.@$ /mo.
1005. Annual Assessments mO.@$ / mo.
1006. mO.@$ /mo.
1007. mo. la>$ /mo.
1008. AQQreQate Reserve for Hazard/Flood Ins, City/County Prop Taxes, Mortaaae Ins & Annual Assessments
1100. TITLE CHARGES
1101. Settlement or closino fee to
1102. Abstract or title search to Patricia M. Moss/Bush Law Firm, P.C. 488.50
1103. Title examination to
1104. Title insurance binder to
1105. Document preparation to
1106. Notary fees to
1107. Attorney's fees to Bush Law Firm, P.C. 11,000.00
(includes above item No: )
1108. Title insurance to Bush Law Firm, P.C. 2,050.00
(includes above item No: )
1109. Lender's coverage
1110. Owner's coveraQe 850,000.00 --- 2,050.00
1111. Ends. existinQ Lender Pols.(3) LawYers Title Insurance Corporation 900.00
1112. Pre & Post ClosinQ Fees Bush Law Firm, P.C. 250.00
1113. RecordinQ Fees Bush Law Firm, P.C. 125.00
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. RecordinQ fees Deed $ 12.00 ; MortQaQe $ ; Releases $ 12.00
1202. City/county/stamps Deed $ ; Mortgage $
1203. State tax/stamps Deed $ ; MortQaQe $
1204. RecordinQ Fees Modification AQreements (3) 60.00
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to Toole Surveying Company, Inc. 1200.00S POC
1302. Pest inspection to
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