Common use of Buyer Expenses Clause in Contracts

Buyer Expenses. Seller shall pay up to $ of Buyer’s closing cost expenses including pre-paids. If these expenses are less than the amount provided for by the preceding sentence, Buyer cannot apply any surplus funds to any other fee not considered a closing cost (i.e., origination fee, discount points, rate points, etc.). Buyer shall pay all other expenses and any closing costs in excess of the amount paid by Seller to include transfer taxes and recording fees on deed of conveyance and deed of trust; document preparation fee and/or attorney’s fees; preparation of note, deed of trust, and other loan documents; mortgage loan inspection or boundary line survey; credit report; required premiums for private mortgage, hazard and flood insurance; required reserved deposits for insurance premiums and taxes; prepaid interest; re-inspection fees pursuant to appraisal; and any costs incident to obtaining and closing a loan, including but not limited to: appraisal, origination, discount points, application, commitment, underwriting, document review, courier, assignment, photo, tax service and notary fees. Buyer’s closing fee