Buyer, Beware. The HUD Settlement Statement is Wrong, Wrong, Wrong! My very excited buyers closed on their first home in the Bonbrook Plantation Subdivision in Rosenberg, Texas 3 months ago. We had looked long and hard until they found the perfect house to fit their growing family.
At closing, the escrow officer gave them the standard explanation about the seller credits for property taxes. The seller’s portion of taxes from January 1 to closing date had been calculated and credited to the buyers because, in Texas, property taxes are due and payable in January of the following … (2 comments)
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