Question

An itemization of the closing costs for which the seller is responsible and the credits he or she will receive, plus a statement of the sale proceeds.

A. Title insurance
B. Deed of Trust
C. Closing Disclosure
D. Warranty Deed

Answer 1

Closing costs for sellers include title insurance, deed of trust, closing disclosure, and warranty deed.

Step-by-step explanation:

When it comes to closing costs in a real estate transaction, there are several items for which the seller is responsible and may receive credits. One item is title insurance, which is a policy that protects the buyer and lender from any potential issues with the title of the property.

Another is deed of trust, which is a legal document that secures the lender's interest in the property. Additionally, there is the closing disclosure, which is a document that itemizes all the costs, credits, and proceeds of the sale. Lastly, there is the warranty deed, which is a legal document that transfers ownership of the property from the seller to the buyer.