Reimbursements |
You'll need to refund the money that the seller has already paid out on your behalf: expenses that are now fairly and rightfully owed by you, the new homeowner. |
In your lawyer's office, on closing day, you'll definitely run into those famous last words: "subject to the usual adjustments". Typically these adjustments include portions of municipal property and school taxes for the months you'll be resident, utility bills paid in advance, fuel oil that you will be using - that kind of thing. These expenses would have to be paid by you anyway, so they are fair. |
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If you have any questions or require further information, please send me an email. Read about Power of Sale, Bank Sales and Foreclosure Properties FAQ's Read a very detailed section about Power of Sale and Foreclosure or go back to list of Real Estate Helpful Articles
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