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ST9902-ES110304 Page 1 of 1 Keith Marvin - FW: BEAS - 100 OAK TRAIL From: Karen Daugherty <kdaugherty@allegiancetitle.com> To: Keith Marvin <KMARVIN@coppelltx.gov> Date: 3/4/2011 11:40 AM Subject: FW: BEAS - 100 OAK TRAIL Attachments: HUD Settlement Statement - 0911422-ALCP.PDF Hi Keith, The HUD is attached for the Beas closing. Have a great weekend! Best Regards, Karen Daugherty Sr.Vice President/Branch Manager Allegiance Title Company 235 S. Denton Tap Road, Ste. 300 Coppell, Texas 75019 972/304-8000 (Phone) 972/304-0200 (Fax) file://C:\Documents and Settings\radloo\Local Settings\Temp\XPgrpwise\4D70CFA7City_...8/29/2011 U.S. Department of Housing Settlement Statement OMB No. 2502-0265 . A and Urban Development B. Type of Loan 1. FHA2. FmHA3. Conv Unins 6. File Number 7. Loan Number 8. Mortgage Ins Case Number 0911422-ALCP 4. VA5. Conv Ins. 6. Seller Finance 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 BorrowerE. Name & Address of SellerF. Name & Address of Lender City Of CoppellArcelia Beas and Roberto A Beas 100 Oak Trail ,Coppell, TX 75019, G. Property LocationH. Settlement Agent Name Allegiance Title Company Dallas County,Being a 0.075 of an acre portion of Lot 1-C, Block C, 6030 Sherry Lane Shadydale Acres Addition, an addition to the City of Coppell , Dallas Dallas, TX 75225 Tax ID: 80-0338688 CountyUnderwritten By: Title Resources Place of SettlementI. Settlement Date , TX Allegiance Title Company - Coppell 235 S. Denton Tap Road, Suite 300 Fund: Coppell, TX 75019 J. Summary of Borrower's TransactionK. Summary of Seller's Transaction 100. Gross Amount Due from Borrower400. Gross Amount Due to Seller $70,000.00$70,000.00 101. Contract Sales Price401. Contract Sales Price 102. Personal Property402. Personal Property $1,203.69 103. Settlement Charges to borrower403. 104.404. 105.405. Adjustments for items paid by seller in advanceAdjustments for items paid by seller in advance 406. City property taxes 106. City property taxes 407. County property taxes 107. County property taxes 408. Assessment Taxes 108. Assessment Taxes 409. School property taxes 109. School property taxes 410. Other taxes 110. Other taxes 411. Other taxes 111. Other taxes 412. 112. 413. 113. 414. 114. 415. 115. 416. 116. 120. Gross Amount Due From Borrower$71,203.69420. Gross Amount Due to Seller$70,000.00 200. Amounts Paid By Or in Behalf Of Borrower500. Reductions in Amount Due to Seller 201. Deposit or earnest money501. Excess Deposit 202. Principal amount of new loan(s)502. Settlement Charges to Seller (line 1400) 203. Existing loan(s) taken subject to503. Existing Loan(s) Taken Subject to 204. Loan Amount 2nd Lien$31,500.00 504. Reduction of Loan for Partial Release 205.505. 206.506. 207.507. 208.508. 209.509. Adjustments for items unpaid by sellerAdjustments for items unpaid by seller 210. City property taxes510. City property taxes 211. County property taxes511. County property taxes 212. Assessment Taxes512. Assessment Taxes 213. School property taxes513. School property taxes 214. Other taxes514. Other taxes 215. Other taxes515. Other taxes 216.516. 217.517. 218.518. 219.519. 220. Total Paid By/For Borrower$0.00520. Total Reduction Amount Due Seller$31,500.00 300. Cash At Settlement From/To Borrower600. Cash At Settlement To/From Seller $71,203.69$70,000.00 301. Gross Amount due from borrower (line 120)601. Gross Amount due to seller (line 420) $0.00$31,500.00 302. Less amounts paid by/for borrower (line 220)602. Less reductions in amt. due seller (line 520) 303. Cash From Borrower$71,203.69603. Cash To Seller$38,500.00 Section 5 of the Real Estate Settlement Procedures Act (RESPA) requires theSection 4(a) of RESPA mandates that HUD develop and prescribe this standard following: • HUD must develop a Special Information Booklet to help personsform to be used at the time of loan settlement to provide full disclosure of all borrowing money to finance the purchase of residential real estate to bettercharges imposed upon the borrower and seller. These are third party disclosures understand the nature and costs of real estate settlement services;that are designed to provide the borrower with pertinent information during the • Each lender must provide the booklet to all applicants from whom it receivessettlement process in order to be a better shopper. or for whom it prepares a written application to borrow money to finance theThe Public Reporting Burden for this collection of information is estimated to purchase of residential real estate; • Lenders must prepare and distribute withaverage one hour per response, including the time for reviewing instructions the Booklet a Good Faith Estimate of the settlement costs that the borrower issearching existing data sources, gathering and maintaining the data needed, and likely to incur in connection with the settlement. These disclosures arecompleting and reviewing the collection of information. mandatory.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. The information requested does not lend itself to confidentiality. HUD-1 Previous Editions are ObsoletePage1form(3/86) Handbook 4305.2 File No. 0911422-ALCP L. Settlement Charges Paid FromPaid From 700. Total Sales/Broker's Commission based on price $70,000.00@ % = $0.00 Seller's Division of Commission (line 700) as follows:Borrower's Funds at . 701toFunds at Settlement .Settlement 702to $0.00$0.00 703. Commission Paid at Settlement 704.The following parties, persons, firms orto 705.corporations have received a portion ofto 706.the real estate commission shown above.to 800. Items Payable in Connection with Loan % 801. Loan Origination Feeto % 802. Loan Discountto 803.Appraisal Feeto 804.Credit Reportto 805.Lender's Inspection Feeto 806.Mortgage Insurance Applicationto 807.Assumption Feeto 808.Flood Certification Feeto 809.Tax Research Feeto 900. Items Required by Lender To Be Paid in Advance $0 901. Interest fromto @/day 902. Mortgage Insurance Premium formonthsto 903. Hazard Insurance Premium for yearsto 1000. Reserves Deposited With Lender 1001. Hazard insurancemonths @per month 1002. Mortgage insurancemonths @per month 1003. City property taxesmonths @per month 1004. County property taxesmonths @per month 1005. Assessment Taxesmonths @per month 1006. School property taxesmonths @per month 1007. Other taxesmonths @per month 1008. Other taxesmonths @per month 1011. Aggregate Adjustment 1100. Title Charges 1101. Settlement or closing feeto 1102. Abstract or title searchto 1103. Title examinationto 1104. Title insurance binderto Dawn Enoch Moore PC$50.00 1105. Document preparationto 1106. Notary feesto 1107. Attorney's feesto (includes above items numbers:) Allegiance Title Company$640.00 1108. Title insuranceto (includes above items numbers:) $0.00/$0.00 1109. Lender's coverage. $70,000.00/$640.00 1110. Owner's coverage Allegiance Title Company$400.00 1111.Escrow feeto $5.00 1112.State of Texas Policy Guaranty Fee.to Allegiance Title Company$54.69 1113.Tax certificatesto 1114.Courier/Messenger Feeto 1200. Government Recording and Transfer Charges 1201. Recording Fees Deed ; Mortgage ; Rel toAllegiance Title Company 1202. City/county tax/stamps Deed ; Mortgage to 1203. State tax/stamps Deed ; Mortgage to Allegiance Title Company$31.00 1204.Recording Fees for Right of Wayto Allegiance Title Company$23.00 1205.Recording of Partial Release of Liento 1300. Additional Settlement Charges 1301. Surveyto 1302.Pest Inspectionto 1303.Home Warranty Service Contractto 1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K)$1,203.69 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 completed copy of pages 1, 2 and 3 of this HUD-1 Settlement Statement. City Of Coppell ________________________________________________________________ _________________________ Arcelia Beas By Clay Phillips ________________________________________________________________ SETTLEMENT AGENT CERTIFICATIONRoberto A Beas The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused the funds to be disbursed in accordance with this statement.FORWARDING ADDRESS: ____________________________________ ___________________ ________________________________________________________________ Settlement AgentDate Warning: It is a crime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can ________________________________________________________________ include a fine and imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010. File No. 0911422-ALCP HUD-1 Previous Editions are ObsoletePage3 form(3/86) Handbook 4305.2