Page 45 - Homeowners Manual - San Mateo County
P. 45
PAY PAY NO� MONTHS
CLOSING 1ST 1ST IN 2ND IN REQUIRED CHARGE CREDIT
MONTH PAYMENT ESCROW ESCROW TO IMPOUND
BY LENDER
January March 6 No Proration No Proration
February April • 1 Collect 2nd Installment from Credit Seller 5 months
Seller’s Account
March May • 2 Charge Buyer 4 months Credit Seller 4 months
April June • 3 Charge Buyer 3 months Credit Seller 3 months
May July 4 Charge Buyer 2 months Credit Seller 2 months
June August 5 Charge Buyer 1 month Credit Seller 1 month
July September 6 No Proration No Proration
August October 7 Charge Buyer 1 month Credit Seller 1 month
September November 8 Charge Buyer 2 months Credit Seller 2 months
October December • 3 Charge Buyer 3 months Credit Seller 3 months
Collect 1st Installment
November January • 4 Taxes from Seller Credit Seller 2 months
Account Charge Buyer 2 Months
December February • 5 Charge Buyer 1 month Credit Seller 1 month
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