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DAO Settlement Statement - 254 Bowmanville St, Akron, OH 44305.pdf

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OMB NO. 2502-0265 A. B. TYPE OF LOAN U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT FHA 2. FmHA 3. X Conv. Unins. 4. 6. FILE NUMBER: GE25-1208 8. MORTGAGE INS CASE NUMBER: FINAL SETTLEMENT STATEMENT C. NOTE: 1. VA 5. Conv. Ins. 7. LOAN NUMBER: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "[POC]" were paid outside the closing; they are shown here for informational purposes and are not included in the

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OMB NO. 2502-0265
A.

B. TYPE OF LOAN
U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT

FHA

2.

FmHA 3. X Conv. Unins. 4.

6. FILE NUMBER:
GE25-1208
8. MORTGAGE INS CASE NUMBER:

FINAL
SETTLEMENT STATEMENT
C. NOTE:

1.

VA

5.

Conv. Ins.

7. LOAN NUMBER:

This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "[POC]" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
1.0

D. NAME AND ADDRESS OF BORROWER:
S Flip LLC
1361 Wooster Road W
Barberton, OH 44203

E. NAME AND ADDRESS OF SELLER:
Lofty Holding 254 Bowmanville Street DAO LLC
30 N. Gould St., Ste. R
Sheridan, WY 82801

G. PROPERTY LOCATION:
254 Bowmanville Street
Akron, OH 44305
Summit County, Ohio
Lot(s): 10, Goodyear Heights Allotment, Parcel
ID(s): 6822035

H. SETTLEMENT AGENT:
Golden Eagle Title & Escrow, Inc.
PLACE OF SETTLEMENT:
5152 Darrow Road
Hudson, OH 44236

J. SUMMARY OF BORROWER'S TRANSACTION

(GE25-1208 / 22)

I. SETTLEMENT DATE:
July 25, 2025
DISBURSEMENT DATE:
July 25, 2025
K. SUMMARY OF SELLER'S TRANSACTION

200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER:
201. Deposit or earnest money
202. Principal amount of new loan(s)
203. Existing loan(s) taken subject to
204.
205.
206.
207.
208.
209.
Adjustments for items unpaid by seller
210. City/Town taxes
211. County taxes
01/01/25 to 07/25/25
212. Assessments
213.
214.
215.
216.
217.
218.
219.
220. TOTAL PAID BY/FOR BORROWER

400. GROSS AMOUNT DUE TO SELLER:
401. Contract sales price
402. Personal property
403.
404.
405.
Adjustments for items paid by seller in advance
406. City/Town taxes
407. County taxes
408. Assessments
409.
410.
411.
412.
420. GROSS AMOUNT DUE TO SELLER
500. REDUCTIONS IN AMOUNT DUE TO SELLER:
501. Excess deposit (see instructions)
502. Settlement charges to seller (line 1400)
503. Existing loan(s) taken subject to
504. Payoff of first mortgage loan
505. Payoff of second mortgage loan
506. Utility Hold
507. Dep. disbursed as proceeds
508. Special Assessment
509. Taxes
Adjustments for items unpaid by seller
510. City/Town taxes
511. County taxes
01/01/25 to 07/25/25
512. Assessments
513.
514.
515.
516.
517.
518.
519.
520. TOTAL REDUCTION AMOUNT DUE SELLER

300. CASH AT SETTLEMENT FROM/TO BORROWER:
301. Gross amount due from Borrower (Line 120)
302. Less amount paid by/for Borrower (Line 220)
303. CASH FROM BORROWER

600. CASH AT SETTLEMENT TO/FROM SELLER:
601. Gross amount due to Seller (Line 420)
602. Less reductions due Seller (Line 520)
603. CASH TO SELLER

100. GROSS AMOUNT DUE FROM BORROWER:
101. Contract sales price
102. Personal property
103. Settlement charges to borrower (line 1400)
104.
105.
Adjustments for items paid by seller in advance
106. City/Town taxes
107. County taxes
108. Assessments
109.
110.
111.
112.
120. GROSS AMOUNT DUE FROM BORROWER

(

3/98

F. NAME AND ADDRESS OF LENDER:

)

60,000.00

60,000.00

4,297.50

100.00
100.00
2,952.45

819.89

8,269.84

(

60,000.00
8,269.84 )
51,730.16

The undersigned hereby acknowledge receipt of a completed copy of pages 1&2 of this statement & any attachments referred to herein.
Seller
Lofty Holding 254 Bowmanville Street DAO LLC
BY:________________________________
Earl Co

Printed on 07/24/25 at 2:42:57PM

GE25-1208/22
HUD-1, Page 1

L. SETTLEMENT CHARGES
$
@
%
700. TOTAL COMMISSION Based on Price
Division of Commission (line 700) as Follows:
701. $ 2,500.00
to Keller Williams Living
702.
to
703. Commission Paid at Settlement
704. Additional Commisison
to Keller Williams Living
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Origination Fee
% to
802. Loan Discount
% to
803. Appraisal fee
to
804. Credit report
to
805. Lender's inspection fee
to
806. Mortgage insurance application fee
to
807. Assumption fee
to
808.
to
809.
to
810.
to
811.
to
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest From 07/25/25 to 08/01/25 @
$
/day ( 7 days
%)
902. Mortgage insurance premium for
month to
903. Hazard insurance premium
for
year to
904.
for
year to
905.
to
1000. RESERVES DEPOSITED WITH LENDER
1001. Hazard insurance
Months
@ $
per Month
1002. Mortgage insurance
Months
@ $
per Month
1003. City property taxes
Months
@ $
per Month
1004. County taxes
Months
@ $
per Month
1005. Annual assessments
Months
@ $
per Month
1006.
Months
@ $
per Month
1007.
Months
@ $
per Month
1008.
Months
@ $
per Month
1100. TITLE CHARGES
1101. Settlement Fee
to Golden Eagle Title & Escrow, Inc.
1102. Closing Coordination Fee
to Certified Signer Nationwide LLC
1103. Wire Fee
to Golden Eagle Title & Escrow, Inc.
1104. Courier Fee
to Golden Eagle Title & Escrow, Inc.
1105. Exam Fee
to Golden Eagle Title & Escrow, Inc.
1106. Binder Fee
to Golden Eagle Title & Escrow, Inc.
1107. Attorney Fee
to Ryan M. Kay Esq
(includes above item numbers:
1108. Title insurance
to Golden Eagle Title & Escrow, Inc.
(includes above item numbers:
1109.
1110.
$ 60,000.00
345.00
1111. CPL
to Fidelity National Title Insurance Company
1112. Filing Fee
to Golden Eagle Title & Escrow, Inc.
1113.
to
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed
$ 39.00; Mortgage
;
Releases
1202. City/County tax/stamps:
Deed
$ 240.00 ; Mortgage
1203. State tax/stamps:
Deed
; Mortgage
1204. Transfer Fee
to
1205.
to
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey
to
1302. Pest inspection
to
1303.
to
1304.
to
1305.
to
1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K)

2,500.00

PAID FROM
BORROWER'S
FUNDS AT
SETTLEMENT

PAID FROM
SELLER'S
FUNDS AT
SETTLEMENT

2,500.00
295.00

350.00
175.00
35.00
50.00
300.00
50.00
)
172.50
)

55.00
74.50

240.00
0.50

4,297.50

By signing page 1 of this statement, the signatories acknowledge receipt of a completed copy of page 2 of this two page statement.

Golden Eagle Title & Escrow, Inc., Settlement Agent

Printed on 07/24/25 at 2:42:57PM

GE25-1208/22
HUD-1, Page 2