Section 3 - OWNED LIVING QUARTERS AND OTHER OWNED REAL ESTATE

Types of Owned Real Estate


  1. - A home in which you used to live
  2. - Property for business or investment purposes only
  3. - A second home, vacation home or recreational property, including timeshares
  4. - Unimproved land with no buildings on it
  5. - Other property

Closing Costs

  • Advertising costs
  • Deed preparation
  • Escrow payment
  • Lawyer's fees
  • Points paid by buyer
  • Property survey charges
  • Recording fees
  • Title search
  • Transfer taxes
  • Real estate listing fees

Costs for Selling a Property

  • Advertising costs
  • Closing costs
  • Commission to Realtor
  • Deferred mortgage interest payment
  • Lawyer's fees
  • Mortgage penalties
  • Points for financing
  • Property inspection
  • Real estate listing fees

Mortgage Payment Items

  1. - Principal
  2. - Interest
  3. - Property taxes
  4. - Property insurance
  5. - Mortgage guarantee insurance
  6. - Any other payments (Specify)

Fees For Cooperatives

  1. - Repayment of loans owed by cooperative
  2. - Property taxes
  3. - Property insurance
  4. - Management
  5. - Repairs or maintenance, including lawn care or snow removal
  6. - Improvements
  7. - Recreational including swimming, golf or tennis facilities
  8. - Security including guards or alarm systems
  9. - Utilities such as gas, electricity, water, heat
  10. - Trash collection
  11. - Other (Specify)

Homeowner's Associations or Condominiums Fees

  1. - Management
  2. - Repairs and maintenance, including lawn care or snow removal
  3. - Improvements
  4. - Utilities such as gas, electricity, water, heat
  5. - Parking
  6. - Recreational including swimming, golf and tennis facilities
  7. - Security including guards or alarm systems
  8. - Maid service
  9. - Medical services
  10. - Trash collection
  11. - Other (Specify)

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Last Modified Date: April 5, 2010