- 54 -
of approximately $142,658.49 had been overpaid by or behalf
of the buyer, EA 84-III:
U.S. Home Corp. Buyer Seller
Contract sales price $908,700.00 $908,700.00
Settlement charges to buyer 18,600.95 -0-
Price adjustment 830.16 830.16
928,131.11 909,530.16
Principal amount of loans 863,250.00 -0-
Builder fee 61,791.60 61,791.60
Rent advance 21,000.00 21,000.00
Rental deficit contribution 122,873.00 122,873.00
Other credits 1,875.00 1,875.00
Settlement charges to seller -0- 11,320.94
1,070,789.60 218,860.54
Amount due to buyer 1 142,658.49
Amount due to seller 690,669.62
1 The record does not contain 4 of the 15 settlement statements and some amounts
composing this total were estimated.
According to the settlement statements, the aggregate
principal amount of the loans, $863,250, was credited as
follows:
U.S. Home Corp. Buyer Seller Others Total
Settlement charges to buyer-0- -0- $18,600.95 $18,600.95
Amount due less loan $-64,881.11-0- -0- -64,881.11
Builder fee 61,791.60 -0- -0- 61,791.60
Rent advance 21,000.00 -0- -0- 21,000.00
Rental deficit contribution122,873.00 -0- -0- 122,873.00
Other credits 1,875.00 -0- -0- 1,875.00
Settlement charges to seller-0- -0- 11,320.94 11,320.94
Amount due seller -0- $690,669.62-0- 690,669.62
142,658.49 690,669.62 29,921.89 863,250.00
In passing, we note that the parties stipulated that
U.S. Home sold to EA 84-III the two houses at 5411 and 5419
Heronwood Drive, and the four houses at 12103, 12107,
12111, and 12115 Kingslake Forest Drive. These six
properties are listed among the properties covered by the
Page: Previous 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 NextLast modified: May 25, 2011