Closing Statement - 25 Circle Dr, Dixmoor, IL 60426.pdf

Page 1

A. Settlement Statement

B. Type of Loan

1. FHA 2.
2. RHS 3.
3. Conv. Unins.
4. VA 5.
5. Conv. Ins.

C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.

D. Name & Address of Borrower:
Lofty Holding 25 Circle Drive LLC
11718 Folkstone Ln.
Los Angeles, CA 90077

E. Name & Address of Seller:
REVEL PROPERTIES LLC - CIRCLE DRIVE
3440 N Hamlin Apt 1
Chicago, IL 60618

F. Name & Address of Lender:
CASH TRANSACTION

G. Property Location:
25 Circle Dr., Dixmoor, IL 60426

H. Settlement Agent:
Segel Law Group Inc.

I. Settlement Date:
Tuesday, December 7, 2021

J. Summary of Borrower's Transaction

100. Gross Amount Due from Borrower
101. Contract sales price $ 130,000.00
102. Personal property
103. Settlement charges to borrower (line 1400) $ 1,151.75
104.
105.

Adjustment for items paid by seller in advance
106. City/town taxes to
107. County taxes to
108. to
109.
110.
111.
112.
120. Gross Amount Due from Borrower $ 131,151.75

200. Amount Paid by or in Behalf of Borrower
201. Deposit or earnest money
202. Principal amount of new loan(s)
203. Existing loan(s) taken subject to
204.
205.
206.
207.
208.
209.

Adjustments for items unpaid by seller
210. County taxes 7/01/21 to 12/10/2021 $ 853.37
211. Rent Proration 12/10/2021 - 12/31/2021 $ 1,050.00
212.
213.
214.
215.
216.
217.
218.
219.
220. Total Paid by/or Borrower $ 1,903.37

300. Cash at Settlement from/to Borrower
301. Gross amount due from borrower (line 120) $ 131,151.75
302. Less amounts paid by/or borrower (line 220) $(1,903.37)
303. Cash From To Borrower $129,248.38

K. Summary of Seller's Transaction

400. Gross Amount Due to Seller
401. Contract sales price $ 130,000.00
402. Personal property
403.
404.
405.

Adjustment for items paid by seller in advance
406. City/town taxes to
407. County taxes to
408. to
409.
410.
411.
412.
420. Gross Amount Due to Seller $ 130,000.00

500. Reductions in Amount Due to Seller
501. Excess deposit (see instructions) $ -
502. Settlement charges to seller (line 1400) $ 8,445.68
503. Existing loan(s) taken subject to
504. Payoff of first mortgage loan $ 27,799.42
505. Payoff of second mortgage loan
506.
507.
508.
509.

Adjustments for items unpaid by seller
510. County taxes 7/01/21 to 12/10/2021 $ 853.37
511. Rent Proration 12/10/2021 - 12/31/2021 $ 1,050.00
512.
513.
514.
515.
516.
517.
518.
519.
520. Total Reduction Amount Due to Seller $ 38,148.45

600. Cash at Settlement from/Seller
601. Gross amount due to seller (line 420) $ 130,000.00
602. Less reductions in amount due seller (line 520) $(38,148.45)
603. Cash To From Seller $91,851.55

Buyer Initials

Seller Initials

The Public Reporting Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentiality is assured; this disclosure is mandatory. This is designed to provide the parties to a RESPA covered transaction with information during the settlement process.

## Page 2

# L. Settlement Charges

## 700. Total Real Estate Broker Fees
Division of commission (line 700) as follows:
- $ 3,900.00 to Roofstock Reality LLC
- Commission paid at settlement

Paid From Borrower’s Funds at Settlement
Paid From Seller’s Funds at Settlement

## 800. Items Payable in Connection with Loan
- Our origination charge $ - (from GFE #1)
- Your credit or charge (points) for the specific interest rate chosen $ - (from GFE #2)
- Your adjusted origination charges $(from GFE #A)
- Appraisal fee to $(from GFE #3)
- Credit report to $(from GFE #3)
- Tax service to $(from GFE #3)
- Flood certification $(from GFE #3)

## 900. Items Required by Lender to be Paid in Advance
- Daily interest charges from @ $ - /day (from GFE #10)
- Mortgage insurance premium months to (from GFE #3)
- Homeowner’s insurance Years: (from GFE 11)

## 1000. Reserves Deposited with Lender
- Initial deposit for your escrow account $(from GFE #9)
- Homeowner’s insurance months @ $ - per month $ -
- Mortgage insurance months @ $ - per month $ -
- Property taxes months @ $ - per month $ -
- Months @ $ - per month $ -
- Months @ $ - per month $ -

## 1100. Title Charges
- Total title services and lender’s title insurance $(from GFE #4)
- Escrow Settlement fee to Segel Law Group, Inc. $ - $ 750.00
- ALTA Standard Coverage Owner’s POLICY to ServiceLink $(from GFE #5) $ 1,750.00
- CPL Fee to Chicago Title Insurance company C/O Servicelink $ - $ 25.00 $ 50.00
- IL Registration Fee to Servicelink $ - $ 3.00
- Title Search Fee to Servicelink $ 100.00 $ 100.00
- Tax Certificate Search Fee to Servicelink $ - $ 3.75 $ 3.75
- Commitment Update to Servicelink $ 100.00 $ 100.00
- Closing Fee to Segel Law $ - $ 675.00
- Deed Ship Fee to Segel Law $ - $ 25.00
- Deed Preparation Fee to Segel Law $ 60.00

## 1200. Government Recording and Transfer Charges
- Total government recording charges $(from GFE #7)
- Deed $ 173.00 Release $ 173.00
- State Transfer stamps $(from GFE #8)
- City/county tax/stamps Deed Mortgage $ - $ 65.00
- City /State tax/stamps Deed Mortgage $ - $ 130.00

## 1300. Additional Settlement Charges
- $(from GFE #6)
- $(from GFE #6)

## 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)
$ 1,151.75 $ 8,445.66

I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the HUD-1 Settlement Statement.

Borrower(s) Ashley Sawdaye
Lofty Holding 25 Circle Drive LLC
REVEL PROPERTIES LLC - CIRCLE DRIVE

The HUD-1 settlement Statement which I have prepared is a true and accurate account of funds received and funds disbursed or to be disbursed for this transaction.