Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

recurring closing costs

Read a random definition: local rule

A quick definition of recurring closing costs:

Recurring closing costs are the expenses that a homeowner must pay regularly after buying a home. These costs include things like prepaid interest, HOA fees, insurance, and property taxes. They are different from one-time costs, called nonrecurring closing costs, which are paid only once when buying the home.

A more thorough explanation:

Recurring closing costs are expenses that a homeowner must pay after purchasing a home. These costs are the first of a series of payments that will continue over time. Examples of recurring closing costs include:

For instance, if a homeowner pays $1,200 in property taxes annually, this cost will recur every year. Similarly, if a homeowner pays $100 per month for HOA fees, this cost will recur every month.

Recurring closing costs are different from nonrecurring closing costs, which are one-time expenses that a homeowner pays at the time of purchase. Examples of nonrecurring closing costs include appraisal fees, title insurance, and attorney fees.

recovery | recusal

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.