On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, for which he or she must be reimbursed by the buyer.
Related information about prepaid items:
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Prepaid items are charges that the lender requires you to pay at settlement, such as accrued interest.
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How to determine prepaid items when applying for an Atlanta Home Loan.
- What is prepaid items? definition and meaning
Definition of prepaid items: On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, ...