Get Your Equifax Score With Sore Power
Financial Firebird Corporation  
Previous Page | Next Page



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.

  Previous Page | Next Page

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

© 2007 Financial Firebird Corporation
Edited and suplimented by Mory Brenner, Esq. For more information read our terms of use and privacy policy.