closing costs

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closing costs

Those costs incidental to a transfer of title from seller to buyer and execution of a mortgage on a property, e.g., legal and recording fees and title insurance.
References in periodicals archive ?
Settlement costs are a direct cut to services, Stewart said.
Net income before class action settlement costs and related taxes was up 7.
The settlement costs are summarized in Game 3, hereafter referred to as the collateralized credit game.
WASHINGTON -- In a joint letter today to Secretary Steve Preston of the Department of Housing and Urban Development (HUD), the American Land Title Association (ALTA), National Association of REALTORS[R] (NAR), and the Center for Responsible Lending (CRL) took a consensus position on HUD's proposed rule to amend the Real Estate Settlement Procedures Act (RESPA) that reforming the Good Faith Estimate (GFE) will accomplish the Department's goal of helping consumers to better understand their loan terms and settlement costs.
Settlement costs are expected to have moderate negative impact on SoCal's credit protection measures in the near-term.
While outlining several areas for review, ALTA supports HUD's efforts to help consumers to better understand their real estate mortgage transactions and receive easy-to-understand and reliable information about loan terms and settlement costs to facilitate consumer shopping for mortgages and title-related services.
The Prudential's management is making considerable efforts to effectively deal with the adverse effects of these settlement costs, and is improving internal management controls associated with the Prudential Securities Group and throughout The Prudential enterprise.
Vulcan intends to pursue reimbursement for settlement costs, legal defense costs and any losses from other potential claims against it relating to this matter from several insurance companies who insured Vulcan during the relevant time periods involved in the litigation.
An IMCO spokesman said the settlement costs to be paid by the company will result in a nonrecurring charge of $750,000 or $.
Operating income for the second quarter of fiscal 2007 includes legal settlement costs of $1.
At the same time, the disheartening but pervasive economics are that, in most of these Benlate cases, litigation costs exceed settlement costs.
Through Chi-X's low-cost, streamlined model, institutional investors are able to trade pan-European equities and achieve ultra-low execution, clearing and settlement costs.