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Prorations

Title Tip: How Do Prorations Work to Pay Your Fair Share?

By CandysDirt.com Contributor / February 19, 2019 / 0 Comments

By Lydia Blair Special Contributor At closing, some items, like real estate taxes, are divided up between the buyers and sellers so that each party pays their share of the expenses. This is called proration. The amount each party pays is based on the number of days in the year (or month) that they own […]

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