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U.S. DOD Form dod-dd-2139 REPORT OF CONTRACT PERFORMANCE OUTSIDE THE UNITED STATES Form Approved OMB No. 0704-0229 Expires May 31, 2007 The public reporting burden for this collection of information.

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Closing and settlement are often used interchangeably, but they are not exactly the same thing. Closing is the final step of the transaction, where the buyer and the seller sign the documents and exchange the keys. Settlement is the process of transferring the title, paying the fees, and recording the deed.

To calculate your closing costs, most lenders recommend estimating your closing fees to be between one percent and five percent of the home purchase price. If you're purchasing your house for $300,000, you can estimate your total closing costs to be between $3,000 and $15,000.

Recording fees: These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage.

Average Closing Cost in Georgia Also, as a seller, you'll owe property taxes for the portion of the year you owned the house. The title search fee will usually be between $100 and $200, while the settlement fee can be between $350 and $600.

Settlement or establishment fee: Settlement fee is a fee payable to the bank to cover the cost the bank incurs in establishing your loan. The fee ranges between $0 to $600 depending on the lender. If you opt for a professional package, the settlement fee is usually waived.

Disbursement date refers to the day your lender disburses funds to your title company or escrow account, allowing the home to be purchased. Disbursement may happen on your closing date or a few days after.

The title company in Texas is usually responsible for two different roles – providing the title insurance, and acting as the escrow officer. Sometimes, different title companies can handle these two roles, but it's almost always the same title company.

Settlement costs (also known as closing costs) are the fees that the buyer and/or seller have to pay to complete the sale of the property. Depending on the lender, these may include origination fees, credit report fees, and appraisal fees, as well as property taxes and recording fees.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232