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of each property, the builder fee, the rent advance, and
the amount borrowed with respect to each property:
Purchase Builder Rent
Raldon Corp. Price Fee Advance Loan
2109 Avignon Dr. $88,995 $5,339.70 $1,004 $84,525
2111 Avignon Dr. 89,500 5,370.00 1,009 85,025
2113 Avignon Dr. 100,500 6,030.00 1,134 95,475
2115 Avignon Dr. 100,500 6,030.00 1,134 95,475
2117 Avignon Dr. 106,500 6,390.00 1,201 101,175
485,995 29,159.70 5,482 461,675
A settlement statement was prepared for the sale of
each house. Each statement shows the above purchase price
as the contract sales price of the house and shows the
builder fee and rent advance for each house as charges to
the seller, Raldon, and, thus, as reductions of the amount
due to Raldon. Each statement also shows the total of the
"amounts paid by/for" EA 83-XII, as consisting principally
of the loan proceeds and the sum of the builder fees and
rent advances. The total of these amounts exceeded the
amount due from EA 83-XII. Set out below is a summary of
the settlement statements showing that a total of $8,801.60
was due to the buyer, EA 83-XII, at closing:
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