do you have to pay reserves and prepaid costs at closing
At closing, there would be a credit due to the seller for this oil. Your attorney can best summarize the probable amount of these costs. The fourth and most misunderstood area of closing costs is the prepaid, or reserve items category.t closing, there would be a credit due to the seller for this oil. Your attorney can best summarize the probable amount of these costs. The fourth and most misunderstood area of closing costs is the prepaid, or reserve items category.