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B-202661 1 (1981-12-15)

handle is hein.gao/gaobadjxw0001 and id is 1 raw text is: S/ Arnrrfl1 i DEIU ONTHU M&ENUMAL ??:Jc1 IDECIIONOP THE UJN T ,l UTATEU WAE0 HWGN TON, 0, ,?00840 4 I FILE: -202661 OATh: tlcceber 15, 1981 MATTER OF: Charles S, Bruce - Reimbursement for real estate experces Closing costs paid by seller DIGEST: Employee is not entitled to reimbursement for real estate expenses paid by seller incident to purchase of home upon transfer1 Although purchaser may be reimbursed fp closing, cots paid by seller included in purchase price where such costs are clearly dtEcrnible and separable from the property and both the buyer and seller regard costs as having been paid by buyer, claim may not be allowed where seller has not provided statement that any of the closing costs were included in the sales price or other documentation that both buycr and seller regard such costs as having been paid by the buyer. Mr. Conrad R, H1offman, Controller, Veterans Administra- tion, requests our deci3ion on whether closing costs above $500 paid by the seller may be reimbursed to a transferred employee who purchased a residence at his new duty station. Employee may not be reiimbursed for closing costs in excess of $500, even though an agreement to pay part of the clooing costs might have been taken into account by tha seller in determining his selling price, sincn the settl;- ment statement shows that those costs were paid from the seller's funds an the employee has not submitted a state- ment from the seller indicating that both parties regarded the closing costs as having been paid by the buyer. I, Hr. Charles S. Bruce, an employee of the Vetnrans Administration, purchased a residence in Prince Georges County, Maryland, incLdent to the transfer of his oriLcial duty station from New York, New York, to Washington, D.C. The sales contract dated October 24, 1980, sprcIfted a total price of $56,645 and included an agreement that the seller pay all of purchaser's closing costs above $500, including prepaid real estate taxes and hazard insurance. The con- tract price was paid by the purchasr at clostng on tovem- ber 24, 1960, by obtaining a Veterans AdmLnistration loan Wfl.4;, - - .. . . .... . ..... .. . . .. ..

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