HomeMy WebLinkAboutDAVID E FOSHEE SETTLEMENT STATEMENT (QUIT CLAIM DEED101. Contract Sales Price
,$4[5 00.00
40I. (pntract Sales Price
51,500.00
102. Personal Property
€
4A2jPrsonal Property
103. Settlement Charges to borrower
403.
104.
404.
105.
405.
Adjustments for items paid by seller in advance
Adjustments for items paid by seller in advance
106. City property taxes
406. City property taxes
107. County property taxes
407. County property taxes
108. Assessment Taxes
408. Assessment Taxes
109. School property taxes
409. School property taxes
110. MUD taxes
410, N8UD taxes
111. Other taxes
41 ` Other taxes
112.
412.
113.
413.
114.
414.
115.
415.
116.
416.
120. Gross Amount Due From Borrower
51,500.00
420. Gross Amount Due to Seller
51,500.00
200. Amounts Paid By Or in Behalf Of Borrower
500. Reductions in Amount Due to Seller
201. Deposit or earnest money
501. EA cess Deposit
202. Principal amount of new loan(s)
502 ; S`tttlement Charges to Seller (line 1400)
203. Existing loan(s) taken subject to
•
503' Existing Loan(s) Taken Subject to
204. Loan Amount 2nd Lien
504. Payoff of first mortgage loan
205.
505. Payoff of second mortgage loan
206.
506.
207.
507.
208.
508.
209.
509.
Adjustments for items unpaid by seller
Adjustments for items unpaid by seller
210. City property taxes
510. City property taxes
211. County property taxes
511. County property taxes
212. Assessment Taxes
512. Assessment Taxes
213. School property taxes
513. School property axes
214. MUD taxes
514. MUD taxes
215. Other axes
515. Other taxes
216.
516.
217.
517.
218.
518.
219.
519.
220. Total Paid By /For Borrower
50.00
520. Total Reduction Amount Due Seller
50.00
300. Cash At Settlement From/To Borrower
600. Cash At Settlement To/From Seller
301. Gross Amount due from borrower (line 120)
51,500.00
601. Gross Amount due to seller (line 420)
51,500.00
302. Less amounts paid by /for borrower (line 220)
$0.00
602. Less reductions in amt. due seller (line 520)
50.00
303. Cash From Borrower
51,500.00
603. Cash To Seller
51,500.00
• 4 A. Settlement Statement
B. Type of Loan
1. ❑ FHA 2. ❑ FmHA 3. ❑Conv Unins
4. ❑ VA 5. ❑ Conv Ins. 6. ❑ Seller Finance
6. File Number
12- 00039 -R
7. Loan Number
C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlemen agent are shown.
"(p.o.e.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. Name & Address of Borrower
David E. Foshee
319 Pineview Drive
Augusta, GA 30906
E. Name & Address of Seller
City of Augusta, Georgia
530 Greene Street
Augusta, GA 30901
F. Name & Address of Lender
H. Settlement Agent Name
Frails & Wilson
211 Pleasant Home Road, Suite Al
Augusta, GA 30907 Tax ID: 58- 2535599
Place of Settlement
Frails & Wilson
211 Pleasant Home Road, Suite Al
Augusta, GA 30907
G. Property Location
Pineview Estate Subdivision, Richmond County
Undeveloped R/W of Oakdale Avenue
Augusta, GA 30906
J. Summary of Borrower's Transaction
100. Gross Amount Due from Borrower
Section 5 of the Real Estate Settlement Procedures Act (RESPA) requires the
following: • HUD must develop a Special Information Booklet to help persons
borrowing money to finance the purchase of residential real estate to better
understand the nature and costs of real estate settlement services;
• Each lender must provide the booklet to all applicants from whom it receives
or for whom it prepares a written application to borrow money to finance the
purchase of residential real estate; • Lenders must prepare and distribute with
the Booklet a Good Faith Estimate of the settlement costs that the borrower is
likely to incur in connection with the settlement. These disclosures are
U.S. Department of Housing
and Urban Development
K. Summary of Seller's Transaction
400. Gross Amount Due to Seller
OMB No. 2502 - 0265
8. Mortgage Ins Case Number
Items marked
I. Settlement Date
3/27/2012
Fund: 3 /27 /2012
Section 4(a) of RESPA mandates that HUD develop and prescribe this standar
form to be used at the time of loan settlement to provide 6.111 disclosure of all
charges imposed upon the borrower and seller. These are third party disclosures
that are designed to provide the borrower with pertinent information during the
settlement process in order to be a better shopper.
The Public Reporting Burden for this collection of information is estimated to
average one hour per response, including the time for reviewing instruction
searching existing data sources, gathering and maintaining the data needed, a'
completing and reviewing the collection of infomration.
700. Total Sales/Broker's Commission based on price $1,500.00 @ % = $0.00
Paid From
Borrower's
Funds at
Settlement
Paid From
Seller's
Funds at
Settlement
Division of Commission (line 700) as follows:
701. to
702. to
703. Commission Paid at Settlement
50.00
50.00
800. Items Payable in Connection with Loan
801. Loan Origination Fee % to
802. Loan Discount % to
803. Appraisal Fee to
804. Credit Report to
805. Lender's Inspection Fee to
806. Underwriting Fee to
807. Tax Service Fee to
808. GA Res.Mtg. Fee to
809. Flood Cert Fee to
900. Items Required by Lender To Be Paid in Advance
901. Interest from 3/27/2012 to 4/1/2012 @ SO /day
902. Mortgage Insurance Premium for months to
903. Hazard Insurance Premium for years to
1000. Reserves Deposited With Lender
1001. Hazard insurance months @ per month
1002. Mortgage insurance months @ per month
1003. City property taxes months @ 4 "fir #ionth
1004. County property taxes months @ ' 'gr Month
1005. Assessment Taxes months @ per month
1006. School property taxes months @ per month
1007. MUD taxes months @ per month
1008. Other taxes months @ per month
1011. Aggregate Adjustment
1100. Title Charges
1101. Settlement or closing fee to
1102. Abstract or title search to
1103. Title examination to
1104. Title insurance binder to
1105. Document preparation to Frails & Wilson
POC (S) 525.00
1106. Notary fees to
1107. Attorney's fees to Frails & Wilson
POC (S) $250.00
(includes above items numbers:
)
1108. Title insurance to Attorneys' Title Guaranty Fund, Inc.
(includes above items numbers:
)
1109. Lender's coverage 50.00 /50.00.
1110. Owner's coverage 51,500.00/50.00 a
1111. Escrow fee to
1200. Government Recording and Transfer Charges
1201. Recording Fees Deed ; Mortgage ; Rel to Richmond County Superior Court
1202. City/county tax/stamps Deed ; Mortgage to
1203. State tax/stamps Deed ; Mortgage to
1204. Cross Index Fee to
1205. Conveyance Fee to
1206. Courier Fee to
1300. Additional Settlement Charges
1301. Survey to
1302. Pest Inspection to
1303. Post Closing Fee to Frails & Wilson
POC (S) 515.00
1304. Document Retention Fee to The Georgia Fund, Inc.
POC (S) $10.00
-
1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)
File No. 12- 00039 -R
L. Settlement Charges
I have carefully reviewed the HUD -1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all recepts and
disbursements made on my account or by me in this transaction. 1 further certify that I have received a completed copy of pages I, 2 and 3 of this HUD -1 Settlement
Statemen
City of Augusta, Georgia
David E. Fos tee
By Honorab Deke Copenhaver, Mayor
SETTLEMENT AGENT CERTIFICATION
The HUD -1 Settlement Statement which I have prepared is a true and accurat! '
account of this transaction. I have caused the funds to be disbursed in
accor nce with this statement.
.3/ 7 //z
Settlement Agent Date
Warning: It is a crime to knowingly make false statements to the United
States on this or any other similar form. Penalties upon conviction can
include a fine and imprisonment. For details see: Title 18 U.S. Code Section
1001 and Section 1010.
Previous Editions are Obsolete
Page 2 form HUD -1 (3/86)
Handbook 4305.2
CLOSING DATE: March 27, 2012
BORROWER(S): David E. Foshee
SELLER(S): City of Augusta, Georgia
PROPERTY ADDRESS: Undeveloped R/W of Oakdale Avenue
Augusta, GA 30906
LENDER:
The undersigned Borrowers are today receiving from the above named Lender a loan secured by the property referenced above.
The undersigned Seller, if any be named, are receiving from the proceeds of such loan all or a portion of the purchase price of said
property, which is being sold this date by Sellers to Borrowers. In consideration of the premises, the Borrowers and Sellers do hereby
agree to cooperate promptly and fully with the Lender the above named closing attomey and loan officer, in the re- execution,
correction and/or completion of documentation required in the transaction as a result of omissions, typographical and math errors or
their causes, if same is deemed necessary or desirable by the Lender and/or its closing agent. The undersigned understand and
acknowledge that their actions agreed to herein may include without limitation, the correction or re- execution of warranty deeds, notes,
security deeds, settlement statements, truth -in- lending statements and other documents to correctly reflect the terms of the transaction
or to comply with all requirements of any investor, Federal National Mortgage Association, Federal Home Loan Mortgage
Corporation, the Veterans Administration or the United States Department of Housing and Urban Development.
The undersigned further agree that if for any reason the funds collected at closing for payment of outstanding taxes,
assessments, loans, liens, charges and/or other encumbrances should be insufficient to pay such obligations in full, the parties to whom
such payoffs were charges or should have been charged at closing shall, immediately upon notice from the Lender or its closing agent,
remit in cash all additional sums as may be required to satisfy such obligations.
The Borrowers hereby state that their mailing address in the foreseeable future will be that shown above unless a different
address is set forth below, and hereby agree to promptly notify the Lender in writing of any changes in their address:
SPECIAL POWER OF ATTORNEY AS TO AGREEMENT TO COOPERATE
KNOW ALL MEN BY THESE PRESENTS:
That (I) (WE), undersigned Seller(s) and/or Borrower(s), being desirous of arranging for the transaction of the closing of
sale /purchase of the property described above together with the corresponding first mortgage purchase money loan made to
Borrower(s) by the above named Lender on said property in the above stated amount, do hereby name, constitute and appoint the
Closing Attorney and /or Loan Processor with the above named Lender as our true and lawful attorney in fact and do authorize said
attorney in fact for (me) (us), in (my) (our) name(s), place and stead, to do all things or acts necessary for the purpose of carrying out
and effectuating any corrections, additions, changes, alterations or amendments to any documents evidencing the above purchase or
loan which may become necessary for any reason whatsoever, so long as none of the corrections, additions, changes, alterations or
amendments shall increase any of (my) (our) obligations over and above those set forth in the contract for sale /purchase and loan
commitment papers nor in any manner negate (my) (our) overall intentions as evidenced by all documents signed at the closing of said
purchase and loan. It is our express intention to specifically included within the foregoing acts, but not limited thereto, the right to
initial and/or sign any corrections, additions, changes or amendments made pursuant hereto all loan closing documents.
The terms "loan closing documents" shall include, but not be limited to, the loan application, sales contract, amendments to the
sales contract, truth -in- lending disclosure, promissory note, warranty deed, security deed, FHA forms, VA forms, PMI papers,
Affidavit of Purchaser and Seller, Termite Letter, Septic tank/well letter, flood letter, release papers, payoff papers, escrow account
papers, and all other loan documentation contemplated by the AGREEMENT TO COOPERATE.
IN WITNESS WHEREOF, (I) (WE) have hereunto set (my) (our) hand(s) and affixed (my) (our) seal(s), this the 27th day of
March, 2012.
Sworn to and subscribed before me
the 27th day of March, 2012.
Notary Public
Sworn to and.griligel. ij @fore me
the 27th d of a 1
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AGREEMENT TO COOPERATE AS TO CORRECTIONS, ERRORS,
AND /OR OTHER DOCUMENTS
Borrower(s):
_s±?,
David E. Foshee
Seller(s):
City of Augusta, Georgia
By Honorable Deke Copenhaver, Mayor
/10
5,,2,3/
LOAN AMOUNT: $0.00
ACKNOWLEDGEMENT AND RECEIPT OF SETTLEMENT STATEMENT
File No: 12- 00039 -R
File Name: David E. Foshee
LENDER:
PURCHASER/BORROWER(S): David E. Foshee
SELLER(S): City of Augusta, Georgia
PROPERTY ADDRESS: Undeveloped R/W of Oakdale Avenue
Augusta, GA 30906
Purchaser and Seller acknowledge that each has received, reviewed, and approved the entries appearing on the Settlement Statement, and
each acknowledge receipt of a copy of same. Purchaser acknowledges receipt of a copy of the Truth in Lending Disclosures, if any, prior
to consummation of the loan transaction. Purchaser further acknowledges receipt and disbursement on his behalf of the loan proceeds in
full. Seller acknowledges receipt and payment in full of the proceeds due Seller from the settlement. Seller warrants the correctness of all
payoff amounts for outstanding liens and encumbrances; if any deficiency occurs, Seller shall promptly remit the same to the settlement
agent.
If the proration of taxes and assessments was made based on estimated amounts prior to receipt of current actual bills, Purchaser and Seller
agree to adjust the prorations shown on the Settlement Statement between themselves when current actual bills are received. The payment
of all outstanding taxes and assessments not paid at settlement are assumed by Purchaser.
Purchaser and Seller acknowledge that settlement agent and Lender make no representations as to the status of any outstanding or past due
water, sewerage or other utility bills applicable to the property. The status of such items shall be determined by and are.the responsibility
of the Purchaser and Seller.
Purchaser and Seller agree that should any inadvertent errors or omissions later be discovered in any documents executed at settlement,
they shall promptly execute such corrective documents and remit such sums as may be required to adjust or correct such errors or
omissions.
Purchaser hereby acknowledges that a real property tax return and application for homestead exemption is required by law and is to be filed
with the county tax collector in which the property lies, between January 1 and June 1 of the year immediately following settlement and
that such filings are the sole responsibility of Purchaser. Seller warrants that all required tax returns and applicable exemption applications
have been filed for the current tax year. Seller further agrees to reimburse Purchaser for any penalties caused by Seller's failure to file a
proper and timely tax return.
As part of the consideration of this sale, the contract between the parties is by reference incorporated herein and made a part hereof; the
terms and conditions contained therein shall survive the closing and shall not merge upon delivery of the Warranty Deed.
SELLER(S):
City of Augusta, Georgia
By Honorable Deke Copenhaver, Mayor
Settlement Agent
DATE: March 27, 2012
PURCHASER/BORROWER(S):
David E. Foshee
EXHIBIT "A"
All that tract or parcel of land lying and being in Richmond County (City of Augusta),
Georgia, and being more particularly described as follows:
Commencing at the centerline intersection of Oakdale Avenue (50 Feet Right -of -Way
Width) and Pineview Drive (50 feet Right -of -Way Width) North 07 degrees 14 minutes
03 seconds East, 35.17 feet, more or less, to a half inch rebar pin set at the intersection
of the Easterly Right -of -Way Line of Oakdale Avenue and Northerly Right -of -Way Line
of Pineview Drive, said Point being the Point of Beginning; thence South 52 degrees 31
minutes 55 seconds West, 49.94, feet, more or less, along the Northerly Right -of -Way
line of Pineview Drive to a half inch rebar pin set at the intersection of the Westerly
Right -of -Way line of Oakdale Avenue and the Northerly Right -of -Way line of Pineview
Drive; thence North 37 degrees 55 minutes 25 seconds West, 197.77 feet, more or less,
along the Westerly Right -of -Way line of Oakdale Avenue to a half inch rebar pin found;
thence North 64 degrees 13 minutes 27 seconds East 50.61 feet, more or Tess, to a half
inch rebar pin found on the Easterly Right -of -Way line of Oakdale Avenue; thence
South 38 degrees 03 minutes 49 seconds East, 187.52 feet, more or less, along the
Easterly Right -of -Way line of Oakdale Avenue to a half inch rebar pin set and the point
of beginning.
Said tract or parcel of land containing 0.22 acres (9,574 square feet) of land, more or
Tess.
This instrument is intended to describe all of the parcel of land shown on a drawing
entitled 'Plat for Augusta- Richmond County Commission Undeveloped RNV of Oakdale
Avenue in Pineview Estate Subdivision" prepared by Ayercorp on March 10, 2010 and
shown as Job No. 10 -12044
Said property is conveyed subject to applicable easements and restrictions shown on
said plate and filed on record.
This conveyance is made subject to and enhanced by the following:
1. Augusta, Georgia shall retain a 50 foot permanent drainage, utility, access and
maintenance easement over said property in it entirety for existing and future utilities of
Augusta, Georgia.
Instrument Number: 2012025712 Book/Page: 01347/1243 Date Filed: 06/07/2012 10:55:11.00
Return Recorded Document tut
Frans & Wilson
211 Pleasant Home Road, Salto Al
Augusta, GA 30907
File No: 12-00039-R
STATE OF GEORGIA
COUNTY OF RICHMOND
written.
Signed, sealed and delivered in the presence of
Unoffic Witness
Y li 7e0a - /•
Notary Poestc
My ion Expires: Ziite -/44
CA
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44
Book 01347 1243 Augusta - Richmond County
201 202571 2 06/0712012 10;55 11 00
1 5 � 11 2 2 u .. q� 0 QUITCLAIM � GEED
t411Y11Aw11lYMIIyi VhlI
2012025712 Augusta - Richmond County
QUITCLAIM DEED
THIS INDENTURE, made the 27th day of March, 1012, between City of Augusta, Georgia, a
political subdivision of the State of Georgia, as party of the first part, hereinafter called Grantor, and David E.
Festive of the County of Richmond, and State of Georgia, as party of the second part, hereinafter called
Grantee (the words "Grantor(s)" and "Grantee(s)" to include their respective heirs, successors and assigns
where the context requires or permits).
WITNESSETH that: Grantor, for and in consideration of the sum of TEN AND 00 /100 DOLLARS
($10.00) and other valuable considerations in hand paid at and before the sealing and delivery of these
presents, the receipt whereof is hereby acknowledged, by these presents does hereby remise, convey and
forever QUITCLAIM unto the said grantee.
See Exhibit "A" attached hereto and made a part hereof.
TO HAVE AND TO HOLD the Property, together with all and singular the rights, members and
appurtenances thereof, to the same being, belonging, or in anywise appertaining, to the only property use,
benefit and behoof of the Gmntee, its successors, legal representatives and assigns forever in fee simple.
This deed was authorized by a resolution adopted and approved by the Augusta - Richmond County
Commission on August 16, 2011.
IN WITNESS WHEREOF, Grantor has signed and sealed this deed, the day and year first above
/12A test
Augusta, Georgia
Honorable Deke Copenhaver, Mayor
r- me J. :r■ tine / ^j'S` •
This document is not to scale.
A 1 ,, I „ � t*
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(Seal)
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a_ oe
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Instrument Number: 2012025712 Book/Page: 01347/1244 Date Filed: 06/07/2012 10:55:11.00
Book 01347 Augusta - Richmond County
2012025712 06/07 /2012 10:55:11.00
EXHIBIT "A"
All that tract or parcel of land lying and being in Richmond County (City of Augusta),
Georgia, and being more particularly described as follows:
Commencing at the centerline intersection of Oakdale Avenue (50 Feet Right - - Way
Width) and PinevieW Drive (50 feet Right -of -Way Width) North 07 degrees 14 minutes
03 seconds East, 35.17 feet, more or less, to a half inch rebar pin set at the intersection
of the Easterly Right -of -Way Line of Oakdale Avenue and Northerly Right -of -Way line
of Pineview Drive, said Point being the Point of Beginning; thence South 52 degrees 31
minutes 55 seconds West, 49.94, feet, more or less, along the Northerly Right-of -Way
line of Pineview Drive to a half inch rebar pin set at the intersection of the Westerly
Right -of -Way line of Oakdale Avenue and the Northerly Right -of -Way line of Pineview
Drive; thence North 37 degrees 55 minutes 25 seconds West, 197.77 feet, more or less,
along the Westerly Right -of -Way line of Oakdale Avenue to a half inch rebar pin found;
thence North 64 degrees 13 minutes 27 seconds East 50.61 feet, more or less, to a half
inch rebar pin found on the Easterly Right -of -Way Tine of Oakdale Avenue; thence
South 38 degrees 03 minutes 49 seconds East, 187.52 feet, more or less, along the
Easterly Right -of -Way line of Oakdale Avenue to a half inch nebar pin set and the point
of beginning.
Said tract or parcel of land containing 0.22 acres (9,574 square feet) of land, more or
less.
This instrument is intended to describe all of the parcel of land shown on a drawing
entitled "Plat for Augusta - Richmond County Commission Undeveloped RAW of Oakdale
Avenue in Pineview Estate Subdivision" prepared by Ayercorp on March 10, 2010 and
shown as Job No. 10 -12044
Said property is conveyed subject to applicable easements and restrictions shown on
said plate and filed on record.
This conveyance Is made subject to and enhanced by the following:
1. Augusta, Georgia shall retain a 50 foot permanent drainage, utility, access and
maintenance easement over said property in it entirety for existing and future utilities of
Augusta, Georgia.
This document is not to scale.
Filed in this office;
Augusta - Richmond County
06/07/2012 10:55:11 00
Elaine C. Johnson
Clerk of Superior Court