Page 44 - Homeowners Manual - Santa Clara County
P. 44

PAY        PAY     NO� MONTHS
         CLOSING       1ST       1ST IN     2ND IN    REQUIRED              CHARGE                    CREDIT
         MONTH      PAYMENT                           BY LENDER
                                ESCROW     ESCROW    TO IMPOUND

          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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