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HomeMy WebLinkAboutClosing Documents Joseph Doran Documents Rangeline Road ProjectAI'le REGIONS MORGAN KEEGAN TRUST Pay 2080912523 Three Hundred Fifty Thousand Seven Hundred Sixty Five DOLLARS AND NO CENTS To The Order Of MIDWEST TITLE CORPORATION 755 E. MAIN STREET GREENWOOD,,IN 46143 TRUST REMITTANCE CHECK 03479 211' 1:06 20000191: 0017E4 i476" 1K 2 J • lace- I/A.3 u9� 0A Date: 61-1 620 34792 02/15/2008 $***"350,765.00 VOID AFTER 180 DAYS 2 /ZcC s l'ct�UAc,,, CICSf� NO 'A �r B. TYPE OF LOAN: U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT 1.fFHA 2.JFmHA 3. f'CONV. UNINS. 4. QVA• 5.CONV. INS. SETTLEMENT STATEMENT �f 6. FILE NUMBER: T0801-61864 7. LOAN NUMBER. �%� f p Aare.7 V / erglifig 8. MORTGAGE INS CASE NUMBER. C. NOTE. 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 3198 (T0801-61864.PFD/TO501 6106413) D. NAME AND ADDRESS OF BORROWER: The City of Carmel, a Municipal Corporation E. NAME AND ADDRESS OF SELLER: Joseph Michael Doran 801 Rangeline Road Carmel, IN 46032 F. NAME AND ADDRESS OF LENDER: ESIMATED HUD G. PROPERTY LOCATION: 801 Rangeline Road Carmel, IN 46032 H. SETTLEMENT AGENT: 35-1321240 Midwest Title Corporation I. SETTLEMENT DATE: March 1, 2008 Hamilton County. Indiana PLACE OF SETTLEMENT: 755 E. Main Street Greenwood, IN 46143 .1. SUMMARY OF BORROWERS TRANSACTION K. SUMMARY OF SELLERS TRANSACTION 100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER: 101, Contract Sales Price 350,000.00 401. Contract Sales Face 350 000.00 102. Personal Property 402. Personal Property. 403. 103. Settlement Charges to Borrower (Line 1400) 765.00 104. - 404. ..- 105. 405. Adjustments For Items Paid By Seller in advance .. AdjustmentsFor Items Paid By Seller in.advance 406. CityTown.Taxes - to 106. City/Town Taxes - to 107. County Taxes to 407. County Taxes to 108. Assessments to 408. Assessments ' to 109. 409. 110. 410. 111. 411. '. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 350 76100 420. GROSS AMOUNT DUE TO SELLER _. _350,000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN,AMOUNT DUE TO SELLER: 201. Deposit or earnest money .. 501. Excess Deposit (See Instructions) 502. Settlement Charges to Seller (Line 1400) 202. Principal Amount of New Loan(s) 203. Existing loan(s) taken subject to 503. Existing loan(s) tT-en subject to 504. Payoff First Mortobge 204 205. 505. Payoff Second Mortgage 506. 206, 207. 507. 208. 508. .. 209. 509. „- Adjustments For Items Unpaid By Seller Adjustments For Items Unpaid By Seller 210. City/Town Taxes to 510. City/Town Taxes. ' to 211. County Taxes 01/01/07 to 02/29/08 ' 3,505.65 511. County Taxes 01/01/07 to 02/29/08 3.505.65 512. Assessments to 212. Assessments to 213. 513. 214. 514. 215. 515. 216. 516. 217. 517. 218. 518.- 219. 519, 220. TOTAL PAID BY/FOR BORROWER 3,505.65 52a TOTAL REDUCTION AMOUNT DUE SELLER 3,505.65 300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER: 301. Gross Amount Due From Borrower (Line 120) 350,765.00 601. Gross Amount Due To Seller (Line 420) 350.000.00 • 602. Less Reductions Due Seller (Line 520) ( 3.505.65) 302. Less Amount Paid By/For Borrower (Line 220) ( 3.505.65) 303. CASH ( X FROM) ( TO) BORROWER 347,259.35 603. CASH ( X TO) ( FROM) SELLER 346,494.35 The undersigned hereby acknowledge receipt of a completed copy of pages 1&2 of this statement & any attachments referred to herein. I HAVE CAREFULLY REVIEWED THE HUD -1 SETTLEMENT STATEMENT AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT ISA TRUE AND ACCURATE STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS MADE ON MY ACCOUNT OR BY ME IN THIS TRANSACTION. I FURTHER CERTIFY Page 2 L. SETTLEMENT CHARGES 700. TOTAL COMMISSION Based on Price $ o% Division of Commission (line 700) as Follows: 701.$ to 702. 5 to 703. Commission Paid at Settlement PAID FROM BORROWER'S FUNDS AT SETTLEMENT PAID FROM SELLERS FUNDS AT SETTLEMENT 704 to 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Origination Fee % to ..%) 802. Loan Discount % to months to 803. Appraisal Fee to years to 804. Crean Report to 904: 805. Lender's Inspection Fee to 905. 806. Underwriting Fee to - - 807. Document Preparation Fee to 808. Tax Service Fee 809. Flood Certification Fee 810. Escrow for Completion 811. Mortgage Broker Fee 901. Interest From to @ $ /day ( days ..%) 902. Mortgage Insurance Premium for months to 903. Hazard Insurance Premium for years to 904: 905. 1001. Hazard Insurance @ S per 1002. Mortgage Insurance @ S per 1003. City/Town Taxes @ $ per 1004. County Taxes @ S per 1005. Assessments @ $ per 1006. @ $ per 1007. @ S per 1008. Aggregate Adjustment a7 S per 1100. TITLE CHARGES 1101. Settlement or Closing Fee to Midwest Title Corporation 200.00 1102. Abstract or Title Search to 1103: Title•Examination to 1104. -Title Insurance Binder to 1105. Document Preparation to Walter R. Key 1106:_ Notary Fees - to 1107 Attorney's Fees to (includes above item numbers. ) 1108. Title Insurance to Midwest Title Corporation as agent for FNTI (includes above item numbers: 1102,1103,1104) 500 00 1109. Lender's Coverage $ 1110. Owners Coverage $ 350,000.00 1111. Courier/Express Fee to Midwest Title Corporation 500.00 1112. Wire Fee Midwest Title Corporation 1113. Title Ins. Enforcement Fund to Fidelity National Title Insurance 1114. Alta 98 Homeowner's Policy Midwest Title Corporation, as agent for Fidelity 1115. 25.00 5.00 1116. 1117- 1118. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording Fees: Deed 5 20.00 ; Mortgage $ Releases $ 20.00 1202. City/County Tax/Stamps: N/A : N/A 1203. State Tax/Stamps: N/A ; N/A 1204. Sales Disclosure to Hamilton County Auditor 10.00 1205. Transfer Fee to Hamilton County Auditor 5.00 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest Inspection to 1303. 1304. 1305.' 1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K) By signing page 1 of this statement, the signatories acknowledge receipt of a completed copy of page 2 of this two page statement. 765.00 OMB 740.2502-0265 A. B. TYPE OF LOAN: U.S. DEPARTMENT OF HOUSING 6 URBAN DEVELOPMENT 1.0FNA 20FmHA 3.DCONV. LININS. 4. OVA 5.❑CONV. INS. SETTLEMENT STATEMENT 6. FILE NUMBER: 10801-01584 7. LOAN NUMBER: mos/ ,7 /`O arinr ? B. MORTGAGE INS CASE NUMBER: C. NOTE: Thi, Tam Lt famished to gee you a stJnnl ofactual setfamtrltassts. Amounts pail lo at by She s.BMnent agent art sham. Berra marked'(POCT lymm paid outside the obateg; they are sham Iona for WQt7na ineloutposts and an 1101 included h the totals. 10 NM O0n141a4PFa o1alM ell D. NAME AND ADDRESS OF BORROWER: The City d Carmel, Indiana E. NAME AND ADDRESS OF SELLER: Joseph MWhad Dorn 801 Romaine Road Cannel. IN 48032 F. NAME ANO ADDRESS OF LENDER: G. PROPERTY LOCATION: 801 Rangeline Rood Cannel, IN 46032 H. SETTLEMENT AGENT: 35-1321240 Midwest Title Corporation I, SETTLEMENT DATE: M>U111, 2008 Hanlitm County, Indiana PLACE OF SETTLEMENT: 755 E. Main Street Gr,MwoOS, IN 46143 J. SUMMARY OF BORROWERS TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION 100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER: 101. Contract Sales Price 350 000 00 401. Contract Sales Price 350.000.00 102. Persona Properly 402. Personal Property 403. 103 Settlement Chaves to Borrower (Lit 1400) 765.00 104. 404. 105. 405. A6usknent, For items Pad 8y Sabre; advance ALBushwts For Items Pad By SeMrh advance 406. CBy/Tam Tees 10 407. Canty Tares l0 408. Assessments to 106. City/Town Tares l0 107. County Tams M 108. Assessments to 109. 409. 110 410. 111. 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 350,765.00 420. GROSS AMOUNT DUE TO SELLER 350,000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER: 201. Deposita earnest money 501. Excess Deposit (See Instructions) 502. Settlement Charpps to Saila (Line 1400) 503. Existing bugs) taken sullied to 504. Payoff Flet Mortgage to Bury Bank/124794 505. Payoff Second Mortgage 506. 71.00 , 125,727.36 202 Pnndpa Amount of Nest Loans) 203. Existing loan(s) taken subject to 204. 205 206. 207. 507. 206. 508 209 509. Adjustments For Items Unpaid By Seger Adjustments For Items Unpaid By Sala 510. °dy/1awn Taxa to 511. County Tams to 512. Asaesaments to 210. City/Torn Taxes to 211. Courtly Tams to 212. Assessments to 213. Pro Rae Tams 3 344 64 513. Pro Rale Taxa 3.344.54 214. 514. 215. 515. 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BY/FOR BORROWER , 3,344.54 520. TOTAL REDUCTION AMOUNT DUE SELLER 329,142.89 300. CASH AT SETTLEMENT FROM/TO BORROWER: 800. CASH AT SETTLEMENT TO/FROM SELLER: 301 Gross Amount Due From Borrower ILine 120) 360 766.00 601. Gross Amount Due To Sabo (Lie 420) 602. Less Reductions Due SNb (Lire 520) 350.000.00 ( 129,147.58) 302. less Amount Paid By/For Borrower (Lit 220) 1 3 344.64) 303. CASH ( X FROM) ( 70)BORROWER 347420.46 603. CASH( X TO) ( FROM ;SELLER 220,857.11 The undersigned hereby a:knaWedge WON of a nrttplled copy or Pages 162 d OO statement Gly alechmants refined 10 heron. I HAVE CAREFULLY REVIEWED THE HUD -1 SETTLEMENT STATEMENT AND TO THE BEST OF MY KNOWLEDGE AND BEIJEF, IT IS A TRUE AND ACCURATE STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS MADE ON MY ACCOUNT OR BY ME IN THIST'' . CTION. I FURTHER CERTIFY THAT I HAVE RECEIVED A COPY OF THE HUD -1 SETTLEMENT STATEMENT. Borrower The C;,. gra, Indiana Seger ..e J . � _��. Oh - BY TO THE BEST OF MY KNOWLEDO THE FUNDS WHICH TRANSACTION. ,THE HUD -1 NT STATEMENT WHICH 1 HAV PREPARED ISA TRUE AND ACCURATE ACCOUNT OF I • //LID EX . WILL BE DISBURSED BY THE UNDERSIGNED AS PART OF THE SETTLEMENT OF THIS ,4a. ti WARNING: IT IS A CRIME TO KNOWINGLYMAKE FALSE STATEMENTS 70 THE UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON CONVICTION CAN INCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEE: TITLE 18 U.S. CODE SECTION 1001 & SECTION 1010. 11.61 Pmt RESPA HB %e] L. SETTLEMENT CHARGES 700. TOTAL COMMISSION Based on Ria 411Ws41n of Commission (iota 3021113 Folows: 701.$ to 702. $ lo 703. Canm*aen Pay et Seamen' PAD FROM RORROmERS FACS AT SETTLEMENT PNO PROM agars FUME Ar SETTLEMENT 704. to 800. ITEMS PAYABLE IN CONNECTION WITH LOAN 80t Loan Origination Fes 1L to 802. Loan Discount 11 to 803. Appraisal Fa to SO4. Credo Repn to 805. Lenders inspection Fa to 808. Underwriting Fa to 807. Document Preparation Fa to 608. Tax Sr %Fa 809. Flood Certification Fa 810. East's for CompsBn 811. Mortgage Braker Fa D BY LENDER TO BE PAIO IN ADVANCE 901 Irrat From 4 $ 902. Mortgage insurance Premium for months to to /day { days 903. Hassid Insurance Palatum la years to 904. 905. 1000. RESERVES DEPOSITED WITH LENDER 1001. Hazard insurance 1002. Matcaee Insurance 1003. City/Town Tams CO S Per 10 5 1004. COunty Taxes 1005 Aeaasntrlls 1006. • $ per • $ per a $ Per 1007. • S per 1008. A00reIre Adlusirrnn • $ pr 1100. TITLE CHARGES 1101. Selnement or Closing Fa 1102. Abstractor Tab Search to Midwest TB* Corporation 200,00 to 1103. Tide Examination to 1104. Tide Insurance Binder to 1105. Document Preparation 1108. Nary Fees to Weller R. Key Lege Rana to 1107. Alorneya Fess to (hckdan above lam numbers: 1108 TAB Maumee fhcldes above inn numbers: 1109. Lendts Coverage to MkfAgt Tit* Croannn a anent la FNTI 1102 1103 1104) $ 1101100 1110. Owners Coverage S 350.000.00 500.00 1111. CnrW/Equae Fee 1112. Wire Fee te Midwest Title Caltaatin 26.00 1113. Tide Ice. Enracenent Fund 1114. Alla S8 Homeowners Paecy 1115 Masai Tale Caparion to Fidelity Nal*nal The Insurance 6.00 Midst Ti* Capaation as agent la Fidelity 1116. 1117. 1118. 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording Fees: Deed 5 20.00; Mortgage 5 Rema $ 16.00 1202. City/County Tex/Stamps: N/A . N/A 20.00 1203. State Tex/Slamp: WA 'WA 1204. Sala Disclosure to Hamilton County Audita 1205. Transfer Fee l0 Hankin County Auditor 10,00 5,00 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pal Inapecbon to 1303. 1304. 1305. 1400. TOTAL SETTLEMENT CHARGES (Enter on Lina 103, Section J and 502, Section )() sr Wag P101M0* us snsA NaPrmM WlMWe 'LDS M r m1016i LLD a par 2 ar x4 MO PrP 764.00 Settlement Agan . Page 1 of 1 Jill Newport From: "Jill Newport"<jnewport©crossroadengineers.com> To: "Stohler, Judy L" <jstohler@carmel.in.gov > Sent: Wednesday, April 23, 2008 10:00 AM Subject: 2006 Bond Doran Excess Funds Judy, I received a check back from the title company for excess funds from the Doran closing which needs to be deposited into the 2006 Bond account. I am putting it in today's mail along with supporting documentation. Jill A. Newport CrossRoad Engineers, PC 3417 Sherman Drive, Beech Grove, IN 46107 Phone: (317)780-1555 ext. 119 Fax: (317)780-6525 Check out our new website: www.crossroadengineers.com 4/23/2008 IVIIUVVEST RILE COHPURATION 606259 ESCROW ACCOUNT **" REAL ESTATE CLOSING "" Buyer/Borrower: The City of Carmel, Indiana Seller: Joseph Michael Doran Lender: Property: 801 Rangeline Road / Carmel. Settlement Date: March 11, 2008 Disbursement Date: March 11, 2008 Check Amount: $3,344.54 (T0801-61864.PFD/T0801-61864/2 • Closer/Responsible tam Pay To: City of Carmel, Indiana For: excess funds MIDWEST TITLE CORPORATION ESCROW ACCOUNT 755 E. MAIN ST. GREENWOOD, INDIANA 46143 --Three Thousand Three Hundred Forty Four and 54/100 PAY TO THE ORDER City of Carmel, Indiana OF HUNTINGTON 20-7-740 DATE March 1,1, 2008 606259 T0801-61864 excess funds Dollars AMOUNT $ 3,344.54 11'0060625911' I:07400007BI: 0 0109774596o Page 1 of 1 NeWport From: "Sheeks, Cindy L" <CSheeks@carmel.in.gov> To: "Jill Newport <jnewport@crossroadengineers.com>; "Stohler, Judy L" <JStohler@carmel in.gov> Sent: Wednesday, April 23, 2008 11:41 AM Subject: RE: Doran Excess Funds We should send the check back to Regions and then request a check to Hamilton County from the bond account when we get the tax bill. From: 311INewport [mailto:jnewport@crossroadengineers.com] Sent: Wednesday, April 23, 2008 11:28 AM To: Sheeks, Cindy L Cc: Stohler, Judy L Subject: Doran Excess Funds Cindy/Judy, We received a check back from Midwest Title Corporation for excess funds paid at closing for the Joseph Michael Doran property. The idea was that Midwest would cut a check to the Hamilton County Treasurer for the prorated taxes as the taxes should be paid from the 2006 Bond, Instead they cut a check back to the City. My first thought was to send this back -to the City to be deposited into the 2006 Bond account. However, by doing this, the taxes for this property which should be paid from the 2006 Bond will probably get paid from another source when the tax bills come in. Should we just redeposit the funds into the Regions account, issue a check to the Hamilton County Treasurer or deposit the check into whatever account that the City -tax bills are paid from? Jill A. Newport CrossRoad Engineers, PC 3417 Sherman Drive, Beech Grove, IN 46107 Phone: (317)780-1555 ext. 119 Fax: (317)780-6525 Check' out our new website: www.crossroadengineers.com 4/23/2008 ALA -REV -29 STATP4ENT OF, THE BP SiSOR JUST cQL\VRNSATION UA Code: 1 - This is a written statement of, and summary of the basis for, the establishment of the amount believed to be, through a valuation process, just compensation for the purchase of this right-of-way for highway purposes. The amount set forth in Item 5 below is not fess than the approved estimate of value. Public Law 9-646 provides that this value disregards any decrease or increase in fair market value the property prior to the date of valuation caused by the public improvement for which the property is acquired other than physical deterioration 2 - The legal description of this acquisition is set forth in the instrument of conveyance in the following identified parcel and this acquisition is identified in the Acquiring Agency's records as: Project 136th & Rangeline Parcel 1 Road Rangeline Rd City/County Hamilton Owners) Joseph M. Doran 3 - The area and type of interest being acquit{ 13,983 sq ft new 2.570 sq ft existing 16.553 sq ft total These areas are being acquired by Right -of -Way Grant The amount in Item 5 below includes payment for the purchase of all interests in the real property and no separately held interest is being acquired separately in whole or part except as may be explained in Item 8 below. 4 - This acquisition is (check one): a'. '' X A' total'agquisition bIthB real property b'. A partial acquisition of the real property. 5 - The Agency's Offer: Just compensation has been determined to be and the Acquiring Agency's offer for the purchase of this real property is as follows: a. Total Land. Land Improvements and Buildings b. Severance'Damages (i.e: Setback; Loss in' Value to the Residues, etc.) $ c. Other damages (Itemize): Cost -to -Cure estimates $350.000.00 Temporary Right -of -Way $ Total Damages: $ 'Dotal amount believed to be Just Compensation offered for this Acquisition is: $350,000.00 Stohler, Judy L Page I of 2 From: Jill Newport [jnewport@crossroadengineers.com]l - Sent: Monday, July 14, 2008 11:26 AM �. ut ,Q~µn To: McBride, Mike T cl -F �1U'fCc: Stohler, Judy L tQ�" l Subject: Re: Taxes Mike, The.tax statement is correct and the City is responsible for the entire amount. In this case, current tax statements weren't available at the time of closing. The purchase agreement indicated to prorate off of the last known tax installment which was $3018.00/yr. If new bills come out and they are higher (which they are in this case), the City is responsible for the total amount. The tax bill should be submitted for payment from the 2006 Bond as it is a r/w acquisition cost. The spring installment is due July 30th. Judy, If needed, is it still possible to get this on this month's pay request? Jill Original Message From: McBride Mike T To: Johnson,_Sandy_M ; Jill Newport Cc: Cordray Diana L ; Stohler, Judy L Sent: Thursday, July 10, 2008 3:44 PM Subject: RE: Taxes I'll double check the Settlement Agreement and let you know. DIL.cquaz, 9.5. City Engineer City Of Carmel Indiana One Civic Square Carmel, IN 46032 phone: (317) 571-2441 fax: (317) 571-2439 From: Johnson, Sandy M Sent: Thursday, July 10, 2008 3:41 PM To: 'Jill Newport' Cc: McBride, Mike T; Cordray, Diana L Subject: Taxes I have received a tax statement from the county for Joseph Doran's property which the city purchases for the Rangeline/136th project, it shows we owe $4031.60. I am showing that the seller paid taxes in the amount of $3505.65 in the settlement statement. I do not have a settlement agreement on this property and am not sure if we owe this. Please let me know. Sandy Johnson Asset 9fanager Office of the C(erk7reasurer 317 571 2628 7/25/2008 Page 2 of 2 No virus found in this incoming message. Checked by AVG - http://www.avg.com Version: 8.0.138 / Virus Database: 270.4.7/1544 - Release Date: 7/10/2008 7:37 AM 7/25/2008