If the estimated closing date is before the due date, the program assumes that the buyer will pay the taxes and that the seller must pay the buyer. Current Property Taxes - 2400. Buyer owes Seller for prorated share of taxes from April 16-June 30. If the Buyer or Seller receives a payment, it is reflected as a - figure, or a credit to the expenses that they must pay. When it appears without a -, then it is an expense that they pay.
Revision is to the dollar amount.
The default is 3 months of the new taxes. Revision is to dollar amount. The default is 3 months. Same as tax impounds, except that it is used to pay the annual insurance premium. Prepaid Interest Interest on First Loan.