1.6 Flashcards
(4 cards)
0
Q
When prorating taxes and expenses, _____ days are usually considered a calendar year.
A
365
1
Q
At the time of closing, _____ are transferred from sellers to buyers.
A
property rights
2
Q
When prorating interest, _____ days are usually considered a calendar year.
A
360
3
Q
If the sellers do not have current documents showing the current balance, then they should request the information from the _______.
A
lender
