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Home My WebLink About2007 Settlement StatementOMB No. 2502 -0265 A. SETTLEMENT STATEMENT US Department of Housing and Urban Development HUD -1 B. Type of Loan 6. File Number 7. Loan Number 8. Mtg Ins Case Number 05 -2713 -003 1100. GROSS AMOUNT DUE FROM C. Note: This fbrm is furnished to ,Live you a statement o {actual settlement costs. Amounts paid to and by the settlement agent are shown. /tents marked POC were paid outside of the closing,- they are shown here for informational purposes and are not included in the closing totals. D. Name and Address of Buyer E. Name and Address of Seller: F. Name and Address of Lender: G. Property Location: H. Settlement Agent: Place of Settlement: For Information Contact 1. Settlement Date: The City of Sehastian 1225 Main Street Sehastian, FL 32958 Bettina Boudrol 1306 12th Street, #B Vero Beach, FL 32960 1302 Indian River Dr., Sebastian, FL Hatch & Doty P.A. 1701 A -1 -A, Suite 220 Vero Beach, FL 32963 Fran Nelson, CLA 01 -09 -2007 Disbursement Date SUMMARY OF BUYER'S TRANSACTION PH: 772 -234 4711 01 -09 -2007 K. SUMMARY OFSELLER'S TRANSACTION St,'BSTITt/TE I.'0Rtil 1099S SELLER ST ITEAIENT: The information in Blocks E, G, 11 and 1, on line 401, on lines 406 -412 if designated as a buyer's part of "real estate taxes and the value of ant- additional amounis shown as property and services is important tar information and is being.htrrrished to the Internal Revenue Service. If' you are required to file a return, a negligence penalty or other sanction will he imposed on you if this item is required to be reported and the IRS determines that it has not been reported. To determine if you have to report the sale or exchange q% vour main /tonic oil tour tax return, see Schedule D (Form 1040) instructions. If the real estate was not your main home, report the transaction on Form 4797, Sale olBusiness Property, Lorna 62?2. Installment Sales Income, and,or Schedule D (h'orm 1040), Capital Gains and Losses. YOU .IRE REQUIRED BY L 111", which mat svthfect you to civil and criminal penalties for furnishing false information, to provide your correct taxpayer identification numher to /latch ck- Doty P.A. UNDER PENALTIES OF' PLRJUR). 1 certify that the number shown on this statement is nit correct taxpayer identification number. Bettina Boudrot 1100. GROSS AMOUNT DUE FROM 411 GROSS AMOUNT DUE TO SELLER 101. Contract Sales Price 395,000.00 401. Contract Sales Price 395,000.00 102. 402. 103. Settlement Charges to Buyer (line 1400) 18.50 403. 104. 404. 105. 405. Adjustments for items paid by seller in advance 106. Real Estate Taxes Adjustments for items by seller in advance 406. 107. Special Assessments 407. 108. Condominium / Home Owner Assessments 408. 109. 409. 110. 410. 111. 411. 112. 412. 120. _ GROSS AMOUNT DUE FROM BUYER 395,018.50 420. GROSS AMOUNT DUE TO SELLER 395,000.00 11 AMOUNTS PAID BY OR-ON BEHALF OF I1 REDUCTIONS IN AMOUNTS DUE SELLER 201. Deposit or Earnest Money 501. Excess Deposit 202. Principal Amount of New Loan 502. Settlement Charges to Seller (line 1400) 6,921.40 203. Existing Loans Assumed 503. Existing Loans Assumed 204. Prepaid Application Fee Credited Against Loan Cost 504. Pay off first mortgage to Wachovia Bank 56,042.32 205. 505. 206. 506. 207. 507. 208. 508. 209. New Second Mortgage From: for items by 19.26 509. Mortgages Held by Seller Adjustments for items unpaid . 19.26 Adjustments paid seller 210. Real Estate Taxes 01 -01 to 01 -09 5$915.37/yr -4% 510. Real Estate Taxes 01 -01 to 01 -09 @$915.37/yr -4% 211. Special Assessments 511. 212. Condominium / Home Owner Assessments 512. 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY /FOR BUYER 19.26 520. TOTAL REDUCTIONS IN AMOUNT DUE SELLER 62,982.98 00 CASH DUE AT SETTLEMENT FROWTO BUYER 600. CASH DUE AT SETTLEMENT TOIFROM 301. Gross Amount Due From Buyer (line 120) 395,018.50 601. Gross Amount Due To Seller (line 420) 395,000.00 302. Less Amounts Paid By /For Buyer (line 220) 19.26 602. Less Reductions in Amount Due Seller (line 520) 62,982.98 303. CASH [ X ] FROM [ ] TO BUYER $ 394,999.24 603. CASH [ X ] TO [ ] FROM SELLER $ 332,017.0- St,'BSTITt/TE I.'0Rtil 1099S SELLER ST ITEAIENT: The information in Blocks E, G, 11 and 1, on line 401, on lines 406 -412 if designated as a buyer's part of "real estate taxes and the value of ant- additional amounis shown as property and services is important tar information and is being.htrrrished to the Internal Revenue Service. If' you are required to file a return, a negligence penalty or other sanction will he imposed on you if this item is required to be reported and the IRS determines that it has not been reported. To determine if you have to report the sale or exchange q% vour main /tonic oil tour tax return, see Schedule D (Form 1040) instructions. If the real estate was not your main home, report the transaction on Form 4797, Sale olBusiness Property, Lorna 62?2. Installment Sales Income, and,or Schedule D (h'orm 1040), Capital Gains and Losses. YOU .IRE REQUIRED BY L 111", which mat svthfect you to civil and criminal penalties for furnishing false information, to provide your correct taxpayer identification numher to /latch ck- Doty P.A. UNDER PENALTIES OF' PLRJUR). 1 certify that the number shown on this statement is nit correct taxpayer identification number. Bettina Boudrot SETTLEMENT CHARGES Page 2 CERTIFI CAT 10NS have carefully reviewed this Settlement Statement. To the best of my knowledge and belief it is an accurate statement ol'all receipts, charges, credits, and disbursements to be made on my account or by me in this transaction. I further certify that I have received a copy of this Settlement Statement. The Cit I of Sebastian by Hatch by:_z Bettina Boudrot "l'his SsA4,nrent Statement is an accurate account of this transaction. All funds have been, or will be, disbursed in accordance with this statement. N P.A. As its Authorized i�oe? ive Date PAID FROM BUYER'S FUNDS A'I' SET "I'LEMEN "F PAID FROM SELLER'S FUNDS AT SETTLEMEN "F TOTAL BROKER'S C• • Based on $ @ % = - DIVISION OF • • N AS FOLLO 701. $ To: 702. $ To: 703. Total Commissions Paid at Settlement: 704. ;0i ITEMS PAYABLE IN CONNECTION LOAN: 801. Loan Origination Fee: 802. Mortgage Broker's Fee: 803. Appraisal Fee To: 804. Credit Report To: 805. 806. 807. 808. 809. 810. 811. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE: 901. Advance Interest: 902. 903. 904. 905. iii RESERVES DEPOSITED • 1001. Hazard Insurance: Escrow Months @ per month 1002. Mortgage Insurance: Escrow Months @ per month 1003. City Property Taxes: Escrow Months @ per month 1004. County Property Taxes: Escrow Months @ per month 1005. Annual Assessments: Escrow Months @ per month 1006. Flood Insurance: Escrow Months @ per month 1007. Escrow Months @ per month 1008. Escrow Months @ per month 1009. Adjustment to Starting Escrow Balance: 300.00 1100. 1101. Closing Fee To: Hatch & Doty, P.A. 1102. Abstract or Title Search To: LandAmerica 150.00 1103. Title Examination To: Hatch & Doty, P.A. 65.00 1104. Title Insurance Commitment To: 1105. Document Preparation To: 1106. 1107. Attorney's Fees To: Kevin S. Doty 1,500.00 (Includes above item numbers) 1108. Title Insurance To: LTIC & HATCH & DOTY, P.A. 2,050.00 (Includes above item numbers) 1109. Lender's Coverage Amt. $ Premium $ 1110. Owner's Coverage Amt. $ 395,000.00 Premium $ 2,050.00 1111. 1112. 1113. 18.50 10.00 i• GOVERNMENT RECO •• • TRANSFER CHARGES: 1201. Recording Fees Deed $ 18.50 Mortgage $ Rel. $ 10.00 1202. Transfer Taxes on Deed Deed $ 2,765.00 SurTaxes $ 2,765.00 1203. Taxes on Note and Mortgage Note $ Mortgage $ 1204. Record 2 Corr. Deeds 21.40 1205. Record 2nd Sat 10.00 1300. ADDITIONAL 1301. Survey To: 1302. Pest Inspection To: 1303. Special Handling (Phone /Fax Courier) To: Hatch & Doty, P.A. 50.00 1304. 1305. 1306. 1307. TOTAL i 18.50 6,921.40 CERTIFI CAT 10NS have carefully reviewed this Settlement Statement. To the best of my knowledge and belief it is an accurate statement ol'all receipts, charges, credits, and disbursements to be made on my account or by me in this transaction. I further certify that I have received a copy of this Settlement Statement. The Cit I of Sebastian by Hatch by:_z Bettina Boudrot "l'his SsA4,nrent Statement is an accurate account of this transaction. All funds have been, or will be, disbursed in accordance with this statement. N P.A. As its Authorized i�oe? ive Date