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Clear Channel Outdoor Holdings (CCO)
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CCO » Topics » Home Purchase Assistance

This excerpt taken from the CCO 8-K filed Jan 5, 2010.

Home Purchase Assistance

Clear Channel is willing to partially offset the necessary closing expenses involved in the purchase of a home. The employee is expected to exercise good business judgment in the purchase of their home. The employee should not accept charges or sale conditions that lead to excessive closing costs. If there is any doubt, the MMI Contact should be consulted.

The employee will be reimbursed for closing costs that are normally the responsibility of the buyer. Clear Channel does not cover any of the seller’s closing costs. Any problems of interpretation should be discussed with the MMI Contact before a binding agreement is signed.

The following closing costs will be reimbursed for the buying of a home:

 

  •  

Loan origination fees, if applicable

 

  •  

Attorney fees (not to exceed $500)

 

  •  

Title insurance fee, title search fee

 

  •  

Appraisal fee

 

  •  

Real estate transfer tax (tax on property exchange transaction)

 

  •  

Mortgage tax

 

  •  

Recording fees (Recording of deed, etc. includes Notary fees)

 

  •  

Mailing and/or Express Mail charges

 

  •  

Inspection fees

 

  •  

Credit report expenses

 

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