Real Estate Seller CD

REAL ESTATE SELLER CLOSING DISCLOSURE

This Seller Closing Disclosure (the Disclosure) sets forth the settlement charges, adjustments, payoffs and estimated net proceeds to the seller in connection with the sale described below. This Disclosure is a good faith estimate based on information known as of the date set forth below and is subject to adjustment pursuant to the terms set forth in the Purchase Agreement and applicable closing documents.

Property Identification

Parties

Seller Name:

Buyer Name:

Transaction Summary

Contract Purchase Price: $

Earnest Money / Deposit: $

Anticipated Closing Date:    Possession Date:

Seller Settlement Charges (Itemized)

Payoffs and Adjustments

Current Mortgage Payoff / Loan 1: $

Other Liens / Judgments to be Paid at Closing: $

Prorated Property Taxes / Utilities (seller credit/debit): $

Other Adjustments: $

Estimated Net Proceeds to Seller at Closing: $

Required Disclosures (Seller)

Lead-Based Paint Disclosure: Yes No

Known Material Defects or Prior Significant Damage (including water intrusion, fire, structural): Yes No

Existing Liens, Assessments, or Special District Charges known to seller: Yes No

Certifications, Authorizations, and Notices

Seller represents and warrants to Buyer and to the settlement agent that Seller is the lawful owner of the Property, that the information provided in this Disclosure is true and correct to the best of Seller's knowledge, and that Seller has the authority to execute settlement documents necessary to effect the conveyance described in the Purchase Agreement.

Seller authorizes the settlement agent to obtain payoffs, prepare settlement statements, disburse funds at closing and to record documents necessary to transfer title free and clear of liens identified as paid through closing. Seller further acknowledges that final funds disbursed at closing may differ from the estimates contained in this Disclosure due to last-minute prorations, recording fees, payoffs or lender requirements.

Seller acknowledges receipt of this Disclosure and understands that any inadvertent errors or omissions discovered prior to closing will be corrected by written amendment and that the settlement statement presented at closing constitutes the final accounting of funds due and payable.

Default, Remedies and Governing Law

In the event of default under the Purchase Agreement by either party, the remedies set forth in the Purchase Agreement shall control. This Disclosure does not alter the rights and obligations of the parties under the Purchase Agreement. Matters arising from or relating to this Disclosure shall be governed by the substantive law of the state in which the Property is located.

Entire Agreement: This Disclosure, together with the Purchase Agreement and any addenda, contains the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior discussions and agreements.

Acknowledgement

By signing below, the undersigned acknowledges receipt of a copy of this Seller Closing Disclosure, certifies that the information provided herein is true and complete to the best of their knowledge, and authorizes the settlement agent to rely on the representations made herein in preparing final closing documents.

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