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| COURSE INDEX New
Home Buying Start & Registration Budgeting To Buy a Home Neighborhoods Find Your First House Inspect Before You Buy Shop For a Mortgage Loan Home Mortgage Loan Process Credit Score and Credit Report Home Mortgage Loan Closing Being a Home Owner No Obligation Mortgage Quote Request Get Started Below!
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600) Cash
At Settlement To / From Seller: 601) Gross
amount due to seller (line 420): The amount from line 420 is
transferred to this line. 602) Less
reduction is amount due seller (line 520): The amount from line 520 is
transferred to this line. 603) Cash To /
From Seller: The amount most often shown
on this line is called the amount of sales proceeds due to the seller. Usually the seller will receive money
from the sale of his / her house. It is the rare occasion when
a seller has to bring money to the table to close on a loan.
The amount shown on this line is generally known as equity from the sale
of a house.
To bookmark this page, RIGHT click here. AOL and Internet Explorer users choose "Add to Favorites..." Netscape users choose "Add Bookmark." Table of Contents | Homebuyer Course Start Page | Find A Realtor | Budgeting To Buy a Home | Neighborhoods | Find Your First House | Inspect Before You Buy | Shop For a Mortgage Loan | Mortgage Home Loan Process | Credit Score and Credit Report | Home Mortgage Loan Closing | Being a Home Owner
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