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| ADJUSTMENTS (CLOSINGs) |
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Related Terminology: ADJUSTED SALES PRICE
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| at settlement of a transaction, expenses and fees that are charged (debited) or paid (credited) to the buyer or seller. These are listed on the settlement statement. |
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| Example closing statements prepared by the title company included adjustments for obligations of the buyer and seller and prorated amounts for ad valorem taxes, mortgage interest, and condominium association fees. |
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