- 62 -
settlement statements showing that the aggregate amounts
paid by or on behalf of the buyer, EA 84-III, exceeded the
aggregate amount due from the buyer by $441,356.12:
Pitman & Japhet Properties Buyer Seller
Contract sales price $3,048,000.00 $3,048,000.00
Settlement charges to buyer 16,018.38 -0-
3,064,018.38 3,048,000.00
Principal amount of loans 2,590,200.00 -0-
Builder fee 207,264.00 207,264.00
Rent advance 62,640.00 62,640.00
Rental deficit contribution 632,414.00 632,414.00
Adjustments 1,756.50 1,756.00
Other credits 11,100.00 11,100.00
Payoff loans -0- 1,548,548.53
Settlement charges to seller -0- 132,833.00
3,505,374.50 2,596,556.03
Amount due buyer 441,356.12
Amount due seller 451,443.97
According to the settlement statements, the aggregate
principal amount of the loans, $2,590,200, was credited as
follows:
Pitman & Japhet PropertiesBuyer Seller Others Total
Settlement charges to buyer-0- -0- $16,018.38 $16,018.38
Amount due less loans $-473,818.38-0- -0- -473,818.38
Builder fee 207,264.00 -0- -0- 207,264.00
Rent advance 62,640.00 -0- -0- 62,640.00
Rental deficit contribution632,414.00 -0- -0- 632,414.00
Adjustments 1,756.50 -0- -0- 1,756.50
Other credits 11,100.00 -0- -0- 11,100.00
Payoff loans -0- -0- 1,548,548.531,548,548.53
Settlement charges to seller-0- -0- 132,833.00 132,833.00
Amount due seller -0- $451,443.97-0- 451,443.97
441,356.12 451,443.971,697,399.912,590,200.00
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