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NOTICE OF CLOSING EXPENSES
Pursuant to the rules promulgated by the Department of Legal Affairs, Purchaser is hereby warned that upon Closing, additional costs may be required to be paid by Purchaser in the form of closing costs, which may include the following:
- The balance of the Purchase Price, plus any unpaid extras (i.e., Change Orders).
- A prorated portion of the current real property taxes, benefit taxes and assessments.
- A prorated portion of the Association's assessments.
- Purchaser's own hazard, builder's risk and liability insurance.
- Attorney's fees for Purchaser's attorney, if any.
In addition, if Purchaser obtains a mortgage, additional costs may be demanded from Purchaser by the lender, which may include the following:
- Intangible tax - a one-time nonrecurring tax of 2 mills on each dollar of the just valuation of obligations for payment of money which are secured by mortgage, deed of trust, or other lien upon real property situated in the State of Florida.
- Documentary stamp tax - on mortgages or other evidences of indebtedness, a tax of 35 cents on each $100 or fraction thereof of the indebtedness.
- Recording fees of $6.60 for the initial page, plus $4.50 for each additional page.
- Application fee.
- Abstract charges, title search and title examination.
- Appraisal fee.
- Credit report fee.
- Lender's title insurance policy, together with the required title endorsements and closing fees.
- Escrow for taxes and/or insurance.
- Tax service fee.
- Mortgage transfer or service fee.
- Mortgage insurance.
- Origination fee.
- Underwriting fee.
- Discount points.
- Flood insurance and certification fee, if required.
- Survey fee.
- Attorney's fees.
- Closing agent's fees.
- Terminate inspection.
- Photographs.
- Courier and overnight mail charges.
- Any other charges imposed by Purchaser's lender
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