Hi, Just need a clarification on the Financial Settlement Schedule. Say the total due to vendor per adjustment is $100,000.00 Vendor's Destination Line Items exceeds this amount - say $150,000.00 Purchaser Destination Line Items is $10,000.00 (inc PEXA fees, stamp duty, transfer fees, professional fees) Vendor is providing source funds of $50,000.00 Would the total funds required to settle be: $160,000.00 (being Vendor's Destination Line Items + Purchaser Destination Line Items ) OR also matches the total Destination Funds -OR- $110,000.00 (being total due to Vendor per adjustment + Purchaser Destination Line Items) - because the total required to settle from the purchaser's end should only this amount? Also, what happens if there are destination funds required to balance (from incoming mortgagee)? Thank you.
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