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HomeMy WebLinkAboutSettlement Statement A. Settlement Statement U.S. Department of Housing and Urban Development OMB No. 2502-0265 B. Type of Loan 1. 0 FHA 2. 0 FmHA 3. 0 Conv Unins 4. 0 VA 5. 0 Conv Ins. 6. 0 Seller Finance 6. File Number TL 129370E 7. Loan Number 8. Mortgage Ins Case Number C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(o.o.c.)" were oaid outside the closing; thev are shown here for informational oumoses and are not included in the totals. D. Name & Address of Borrower E. Name & Address of Seller F. Name & Address of Lender City of Prior Lake Estate of Dwane Arndt aka Dwane F. Arndt, Cash Closing Duane F. Arndt , , , Tax ID: See Addendum G. Property Location H. Settlement Agent Name Title Protection, Inc. Block 15, Lot 6-9, Scott County 85 South Park A venue XXX Colorado St. Le Center, MN 56057 Tax ID: 41-1664613 Prior Lake, MN 55372 -- Place of Settlement I. Settlement Date Title Protection, Inc. 8/9/2005 85 South Park Fund: 8/912005 Le Center, MN 56057 J. Summary of Borrower's Transaction 100. Gross Amount Due from Borrower K. Summary of Seller's Transaction 400. Gross Amount Due to Seller 101. Contract Sales Price $120,000.00 401. Contract Sales Price $120,000.00 102. Personal Property 402. Personal Property 103. Settlement Charges to borrower $816.00 403. 104. 404, 105. 405. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance 106. City property taxes 406. City property taxes 107. County property taxes 407. County property taxes 108. Annual assessments 408. Annual assessments 109. School property taxes 409. School property taxes 110. MUD taxes 410. MUD taxes Ill. Other taxes 411. Other taxes 112. 412. 113. 413. 114. 414. 115. 415. 116. 416, 120. Gross Amount Due From Borrower $120816.00 420. Gross Amount Due to Seller $120,000.00 200. Amounts Paid By Or in Behalf Of Borrower 500. Reductions in Amount Due to Seller 20 I. Deposit or earnest money 50 I. Excess Deposit 202. Principal amount of new loan(s) 502. Settlement Charges to Seller (line 1400) $1,035.00 203. Existing loan(s) taken subject to 503. Existing Loan(s) Taken Subject to 204. 504, Payoff of first mortgage loan 205. 505. Payoff of second mortgage loan 206. 506. 207. 507. 208. 508. 209. 509. Adjustments for items unpaid by seller Adjustments for items unpaid by seller 210. City property taxes 5 I O. City property taxes 2 I I. County property taxes 51 I. County property taxes 212. Annual assessments 512. Annual assessments 213. School property taxes 513. School property taxes 214. MUD taxes 514. MUD taxes 215. Other taxes 515, Other taxes 216. Prorata Taxes 2005 $73.42 516. Prorata Taxes 2005 $73.42 217. 517. 218. 518. 219. 519. 220. Total Paid Bv/For Borrower $73.42 520. Total Reduction Amount Due Seller $1,108.42 300. Cash At Settlement Fromffo Borrower 600. Cash At Settlement To/From Seller 301. Gross Amount due from borrower (line 120) $120,816.00 601. Gross Amount due to seller (line 420) $120,000.00 302. Less amounts paid by/for borrower (line 220) $73.42 602. Less reductions in amt. due seller (line 520) $1,108.42 303. Cash From Borrower $120,742.58 603. Cash To Seller $118,891.58 Section 5 of the Real Estate Settlement Procedures Act (RESP A) requires the following: . HUD must develop a Special Information Booklet to help persons borrowing money to finance the purchase of residential real estate to better understand the nature and costs of real estate settlement services; . Each lender must provide the booklet to all applicants from whom it receives or for whom it prepares a written application to borrow money to finance the purchase of residential real estate; . Lenders must prepare and distribute with the Booklet a Good Faith Estimate of the settlement costs that the borrower is likely to incur in connection with the settlement. These disclosures are mandatory. Section 4(a) ofRESPA mandates that HUD develop and prescribe this standard form to be used at the time of loan settlement to provide full disclosure of all charges imposed upon the borrower and seller. These are third party disclosures that are designed to provide the borrower with pertinent information during the settlement process in order to be a better shopper. The Public Reporting Burden for this collection of information is estimated to average one hour per response, including the time for reviewing instructions searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. The information requested does not lend itselfto confidentiality. form HUD-l (3/86) Handbook 4305.2 Previous Editions are Obsolete Page I File No. TL 129370E L. Settlement Charges 700. Total Sales/Broker's Commission based on price Division of Commission (line 700) as follows: to $120,000.00 @%= $0.00 Paid From Paid From Seller's Funds at Settlement 701. 702. 703. Commission Paid at Settlement 800. Items Payable in Connection with Loan 80 I. Loan Origination Fee % to 802. Loan Discount % to 803. Appraisal Fee to 804. Credit Report to 805. Lender's Inspection Fee to 806. Mortgage Insurance Application to 807. Assumption Fee to 808. Flood Certification Fee to 809. Processing Fee to 810. Tax Service Fee to 812. Premium Yld Sprd to 813. Courier Fee to 814. Underwriting Fee to 815. Commitment Fee to 816. Document Preparation Fee to 900. Items Required by Lender To Be Paid in Advance 90 I. Interest from to @ /day 902. Mortgage Insurance Premium for months to 903. Hazard Insurance Premium for years 1000. Reserves Deposited With Lender 1001. Hazard insurance 1002. Mortgage insurance 1003. City property taxes 1004. County property taxes 1005. Annual assessments to Borrower's Funds at Settlement $0.00 $0.00 to ] 006. School property taxes 1007. MUD taxes 1008. Other taxes 10 II. Aggregate Adjustment lIOO. Title Charges 1101. Settlement or closing fee 1102. Abstract or title search 1103. Title examination 1104. Title insurance binder I] 05. Document preparation 1106. Notary fees 1107. Attorney's fees (includes above items numbers: 1108. Title insurance (includes above items numbers: 1109. Lender's coverage $0.00/$615.00 . 1110. Owner's coverage $120,000.00/$0.00 ] Ill. Name Search to Title Protection, Inc. 1112. Assessment Search to Title Protection, Inc. 1200. Government Recording and Transfer Charges 120 I. Recording Fees Deed $92.00 ; Mortgage ; Releases 1202. City/county tax/stamps Deed $396.00 ; Mortgage to Scott County Treasurer 1203. State tax/stamps Deed ; Mortgage to 1204. Record Probate Docs. to Scott County Recorder 1205. Conservation Fee to Scott County Treasurer 1206. Recording Service Fee to Title Protection, Inc. 1300. Additional Settlement Charges 1301. Survey to 1302. Pest Inspection to 1303. Plat Drawing to Title Protection, Inc. 1304. Handling Fee to Title Protection, Inc. 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) months @ months @ months @ months @ months @ months @ months @ months @ per month per month per month per month per month per month per month per month to Title Protection, Inc. to Title Protection, Inc. to Title Protection, Inc. to $125.00 $125.00 $200.00 to Title Protection, Inc. $100.00 to to to Title Protection, Inc. $25.00 $25.00 $46.00 $46.00 $396.00 $5.00 $138.00 $5.00 $816.00 $1,035.00 File No _TL 129370E I have carefully reviewed the HUD-I Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made my account or by me in this transaction. I further certify that I have received a completed copy of pages 1,2 and 3 of this HUD-I Settlement Statement. City of Prior Lak . Estate of Dwane Arndt aka Dwane F. Arndt, Duane F. Arndt ,/f;-~~/ d2--Fcdr ?By Joan Arndt B SETTLEMENT AGENT CERTIFICATION The HUD-I Settlement Statement which I have prepared is a true and accurate accottnt 9f this transaction. I ha~caused the funds to be disbursed in accotd ; ce wi,th this s~timent.!;/ " )',., .__ . /L/ Ii /Cc.' j ~ -..1 rC~ ett emen! ~n( - Date Warning: It isa crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can include a fine and imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010. Previous Editions are Obsolete Seller's Taxpayer Identification Number Solicitation and Certification You are required by law to provide the Settlement Agent named above with your correct taxpayer identification number. If you do not provide the Settlement Agent with your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law. Under Penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification number. Seller's Signature Date Page 3 form HUD-l (3/86) Handbook 4305.2 File No. TL 129370E Additional Buyers/Borrowers & Sellers I have carefully reviewed the HUD-I Settlement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a completed copy of pages I, 2 and 3 of this HUD-I Settlement Statement. Section D - Additional Buyers/Borrowers Section E - Additional Sellers Seller's Taxpayer Identification Number Solicitation and Certification You are required by law to provide the Settlement Agent named above with your correct taxpayer identification number. If you do not provide the Settlement Agent with your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law. Under Penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification number Merlin E. Arndt Tax ID: 1~~ ~ Merlin E. Arndt U'-, A. Settlement Statement U.S. Department of Housing and Urban Dev~lopment OMB No. 2502-0265 D. T e or Lonn 1. 0 FHA 2. 0 l'mHA 3. 0 Cony Unins 4. 0 VA 5. 0 Cony Ins. 6. 0 Seller Finance 6. File Number TL 129370E 7. Loan Number &. MOI1~age Ins Case Number C. Nule: This tom, is Furnished to give you a statement of actual seltlement eost~. Amounts paid lo and by the settlement agent are shoull, Itcms IlUlIked " .O.c. I' weN aid outside the c10sin : the are shown here for informational u oses and arc not included in the totals, D. Namc & Address of Borrower E. Name & Address of Seller ~,Nnme & Address of Lender City of Prior LAke EstJl.te of DQiA ne Arndt aka DWllne F. Arndt, Cash Closing Dnnne F. "rndt , Tnx ID: See Addendum G, Property Loclllion H. Settlemenl Agent Name Title Protection, Inc. 85 South rark Avenlle Le Cenh;:r, I\1N 56057 TlllC lD: 41-1(;64613 Block 15. Lot 6-', Scott COUIll)' XXX COlorado SI. Prior Lllke. MN 55372 Place of Settlement Title Protection, Inc. BS South Park Lc Center, !\-IN 56057 I. Srnlement Dal~ 8/9/2005 Fund: 8f912005 J. Summllry oC Borrower'j Translldion 100. CrOSS Amount Due from Borrower 101. C"ntr3ct Sales Price I 02. Personal Property 103. Senlemcnt Chw-ges to borro"'~ 104, 105. AdjuslInents for itcm~ paid by seller Illadvnnce 106. City property ta.xes 107. County property taxcs 10S Annual asscssmen~ 109. School property l:tXes 11 O. MUD taxes 111. Other t3.xes 112. 113. 114. m. 116. 120. Gross Amollllt Due From Jlorrower 200. Amounb Paid By Or ill Behnlf Of Borrower 201. Deposit or carll cst money 202. Principal amount of new 10M(.) 203. Existing loan(s) taken subject to 204. 205. 206. 207. 208. 209. Adjustments Cor items unpRld by seller 21 o. City propl;rty tllXes 211. County property tuxes 212. Annual assessments 213. School propcrry ta.xes 214. MUD taxes 215. Other taXes 216, Prorala Tsxes 200S 217. 21S. 219. K. Summnry orSeller'N Transaction 400. Gross Amount Due to Seller $120,000.00 401. Contract $!ks Price 402. Persons.! Properly S816.00 4Q3. 404. 40S. Adjustments for item~ paid by 8dler illlldvllnce 406, Cit)' property taxcs 407, County property taxes 408, Annual assessmenLS 409. School properly taxes 410. MUD laxes 411. Other taxes 412. 413. 414. 41S. 416. SI20816.00 420. Gross Amount pue to Seller 500. Reductions ill Amount Due to Seller 50 1. Execss Depos It 502. Settlement Charges to Seller (line 1400) 503. existing Loan(s) T!ken Subject Lo S04. Psyofl' of first morLguge lorm 50S. Payoff of sei:ond mOtt~age loan 506. 507. 508, 509, Adjustments for items unpllid by ~cl1cr 510. City propeny taxes 511. County property taxcs 512. Annualll.~se!isments S 13. School property taxes 514. MUDt3.xes 515. atherta.xes $73.42 516. Pro rata Taxes 2005 517. 518. 519. $120,000.00 220. Totall'aid B !For Borrower 300. C~~h At Settlement Fromrro BlJrrower 301. Gross AmOUnt due from bOil ower (line 120) $120,816.00 302. Less amQunts pllid by/far bOTTower (line 220) S73A2 303. Cash From Borrower S120,742.58 Section S of the Real E:rrate Settlement Procedures Acl (RCSPA) requires the fol1owing~ . HUD must develop II Spcciallnformlltion Booklet to help persons borrowing money to finance the purchl15e of residential real estate to bettcr understnnd the nuture rmd costs of real estate scnlemcm sef"t'iccs; . ElIch lender mllSt prol/ide the booklet to all applicants from whom it receives or for whom it prepares a written application 10 bnTTO\V money to finance the purchase of residential res! e~ta.te; . Lenders must prepare and distribute with the Booklet 11 G lJod F airh Estimate of thc settlemenl CllSlS that the borrower is likely to incur in connection with the scttlement. The5C disclosurc~ are mandatory. 520. Total Redudion Amount Due Scller 600. Cash At Settlement To/from Seller 601. Gross Amount due to seller (line 420) 602, Less reductions in anlt, cluc seller (line 52!)) 603. Cnsh To Seller $119,Q2'.5 SCi:tion 4(a) of R'F,;SPA mandates that HUD develop and prescrib= this Slander rOnn to be used :It tlle time of loan settlement to providc full disclosure of al . charges imposed upon the borrower and seller. These W'1: third purty dlsdosure thut are designed to provide the borrower with penincnt information during tll ~enlement process in order to be a bener shopper, The Public Reponing Burden for this collection of ;nC<llmution is estimated t llveruge one hour per response. including the time for revic"-'ing instlUction searching existing data source., gathering lInd maintaining the data needed. an completing ancl reviewing the collection of infonnation, This agenc)' may not collect this information, und you arc not required t complClC this fonn, unleSS it di~plays a currently valid QMB control number. The information rc uestcd does not lend it,dfto eonfldcnti31itv, form H U 0.1 (3/86 Handbook <1305, $73.42 Previous Edilions arc Obsolete I'~el File No. TL 129370E L. Settlement Chllrl;les 700. Iot:\l Slllc,IBroker's Comnlission b'l.~ed on price Division ofConunission (line 700) as follo\'ls: 10 5120,000.00 @ %.. SlI.U() Paid From Borrower's Funds at Settlement SO.OO Paid From Seller's Funds ill Sc:ltlement 7()1. 702. 703. Commission Paid Ilt Settlement 800. ltem9 I'llyllble in Connection with Loan SO 1. Loan Origination Fee % to 802. Loan Discount % to 803, Appr~a1 Fec 10 804. Credit Report to 805. Lender's Il1spcclion fee to 806. Mortgage Insurunce Application to 807. Assumption Fee to 808. flood Certification Fee to 809. Processing Fee 10 810. Tax Service Fee 10 812. Premium Yld Sprd to 8]3. Courier ~ec to 814. UnderwrilingFee to 815. Commilment Fcc 10 8] 6. Document Prepuralion Fee to 900. Heins Required by lender To Be Paid in Advance 901. Inlerest from to @ /day 902. Mortgage Insurance Premium for months 10 903, Hazard Insurance Premium for years 10 1000. Reserves Deposited With Lender 1001. HBJ'.DId insu.rnnce 1002. Mortgage insurance 1003. Cit)' property Ia.xes 1004. County property taxeS 1005. J\nnual assessments I006,Schoclpropeny\nxes 1007, MUD taxes 1008. Other laxes lOll. Aggreg~te Adjustment 1100. Title Charges 11<)1. Settlement or dosing fee 1102. Abslrllct or tille sellJ'ch 1103. Title exuminMion 1104. Title insur:lClce binder 1105. Document preparation 1106. Notary fees 1107, Attollley'S fees (includes above: ilems numbel1: 1108. Tille ins\Jrance to months @ monlhs @ monlhs @ months@ months @ months @ months @ months @ per mOIll.h per mOllth per month per month per month per month per mont.h per month 10 Tille Prolection, Ine [a Tille Prolection, Illc 10 Title Protection, Inc 5125.00 to to Title Protection, Ine 10 10 to Title Protection, Inc (includes llbov<: items numbers; 1109. Lender's coverage Sll.UOISG1S.00 . I 110. Owner's eovc.r~gc $120,000.00/50.00 1111. Name Search to Title Protection, lne 1112. Assessment Sesrch to 'ri!!e Protection, Ine 1200. Government Recordillg lllld Trllllsfcr Charge., 120 I. Recording Fees Deed 592.00 : Mortgage 1202. Cilyrc~unty taxislamps Deed 5396.00 ; Mortgage 1203. State taX/stamps Dced ; Mortgage 1204. Tax ecrtifica1es to 1205, Conservation Fcc to Scott County Treasurer 1206. Recording Service Fee to Title Protection, Ine J 300. ^dditinnlll Settlement Char~e8 1301. Survey to 1302. Pest Inspection to 1303. Plat Dro....ing to Title Protection,lne 1304. Handling Fcc LO ',';lle Protection, Ine HOO. TolllI Settlement Chargu (cntcr Oil lines 103, Seetion.J Hnd 502, Section K) ; Rc1cascs 10 Scott COllnly Treasurer 10 $46.00 55.00 S816.00