A. SETTLEMENT STATEMENT (HUD-1) [cite: 5]
OMB Approval No. 2502-0265 [cite: 4]
D. Name & Address of Borrower:
Walter Scott
E. Name & Address of Seller:
Robert Rollins
F. Name & Address of Lender:
(Standard Lender) [cite: 28]
G. Property Location:
7255 NW 7TH CT
Margate, FL 33063
H. Settlement Agent:
(Title Services Inc.) [cite: 30]
I. Settlement Date:
January 30, 2026 [cite: 31]
J. SUMMARY OF BORROWER'S TRANSACTION [cite: 33]
100. GROSS AMOUNT DUE FROM BORROWER
101. Contract sales price [cite: 35]$324,000.00
103. Settlement charges to borrower (line 1400) [cite: 37]$2,850.00
120. GROSS AMOUNT DUE FROM BORROWER [cite: 68]$326,850.00
200. AMOUNTS PAID BY/FOR BORROWER
201. Deposit or earnest money $1,500.00
202. Principal amount of new loan(s) [cite: 74]$259,200.00
211. County taxes (Proration) [cite: 96]$460.80
220. TOTAL PAID BY/FOR BORROWER [cite: 118]$261,160.80
300. CASH AT SETTLEMENT [cite: 120]
301. Gross amount due from borrower (line 120) [cite: 122]$326,850.00
302. Less amounts paid by/for borrower (line 220) [cite: 124]($261,160.80)
303. CASH FROM BORROWER [cite: 127]$65,689.20
K. SUMMARY OF SELLER'S TRANSACTION [cite: 39]
400. GROSS AMOUNT DUE TO SELLER
401. Contract sales price [cite: 41]$324,000.00
  
420. GROSS AMOUNT DUE TO SELLER [cite: 69]$324,000.00
500. REDUCTIONS IN AMOUNT DUE SELLER
502. Settlement charges to seller (line 1400) [cite: 75]$55,403.00
504. Payoff of first mortgage loan [cite: 79]$150,000.00
511. County taxes (Proration) [cite: 98]$460.80
520. TOTAL REDUCTIONS [cite: 119]$205,863.80
600. CASH AT SETTLEMENT [cite: 121]
601. Gross amount due to seller (line 420) [cite: 123]$324,000.00
602. Less total reductions (line 520) [cite: 125]($205,863.80)
603. CASH TO SELLER [cite: 133]$118,136.20
L. SETTLEMENT CHARGES [cite: 143]
Description of Charge Borrower's Funds Seller's Funds
703. Commission paid at settlement [cite: 144]$19,440.00
1101. Settlement or closing fee [cite: 148]$850.00$695.00
1205. State tax/stamps (Deed) [cite: 149]$2,268.00
1302. Payment to Takeo Media $32,000.00
1305. Additional Required Services $2,000.00$1,000.00
1400. TOTAL SETTLEMENT CHARGES $2,850.00 $55,403.00