Payment of certain closing costs to someone directly, and not through the closing process itself. Noted on settlement statements as POC (paid outside closing).
Related information about outside of closing:
- Payments Outside of Closing or "POC" -- What You Should and ...
Jun 2, 2011 ... What is considered a payment outside of closing and are they legal?
- Paying outside of closing request??
Oct 11, 2010 ... We had approval for short sale from first lien holder. The second lien holder, Webster Bk, after months of non-communciation and escalation to.
- HUD RESPA Buying Your Home
Paid Outside Of Closing ("POC"): Some fees may be listed on the HUD-1 to the left of the borrower's column and marked "P.O.C." Fees such as those for credit ...
- Blog Archive » Funds Paid “Outside of Closing” Still ... - Broker Bryant
May 7, 2010 ... ShortSaleSuperStars.com on whether or not having the Buyer of a Short Sale pay off part of a junior lien “outside of closing” without disclosing ...
- POC - Paid Outside of Closing (real estate)
Acronym Finder: POC stands for Paid Outside of Closing (real estate). This definition appears very rarely.
- Mortgage Settlement - Estimate of Closing Costs and Fees
Some fees may be listed on the HUD-1 and marked as "Paid Outside of Closing" (or "POC"). You will pay some of these fees, such as for credit reports and ...
- Definition of Settlement Statement | Home Guides | SF Gate
Prepaid fees are designated with the initials POC, or paid outside of closing. Title -related charges make up the following section and include title policy, title ...
- Are inspection and appraisal fees included in Closing Costs? - Trulia
May 1, 2010 ... Typically inspections and appraisal are paid outside of closing. Reasons being; inspections and appraisals can be performed that may never ...