Exhibit P – Supplemental Explanation and Included Cost Statements-combined (1) (1)-combined.pdf

Jerone Ershel Brown, Petitioner V Michigan Department Of Treasury, Respondent · 25-003804-TT

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Exhibit P – Supplemental Explanation and Included Cost Statements 

Supplemental Explanation 

This exhibit provides additional documentation of costs incurred in connection with the 

purchase, maintenance, and sale of the property at 25532 St. James. The included 

documents consist of the buyer-side closing documents transaction summaries, followed 

by the seller-side closing document transactions summaries (2 pages). When these 

amounts are combined, they show a capital loss for tax year 2025, demonstrating that the 

property was not held for investment or profit. 

In addition to the costs shown in the included statements, I also paid for substantial 

post-purchase improvements, including a new hot water tank, replacement of all plumbing 

shutoff valves, electrical work, a new garage spring, new carpeting throughout the living 

areas, new vinyl tile in the bathrooms, and other updates. These updates were made for my 

daughter living in a condo close to Providence hospital in Southfield to attend medical 

school for two years, and the expectation was that she would remain in the area for her 

internship and residency—approximately four more years. After graduation, she was 

matched in Grand Rapids rather than Southfield or Detroit, which required her to relocate. 

Receipts for these improvements are available upon request. 

This exhibit further supports that the property was purchased, maintained, and occupied 

as her principal residence during the relevant period. 

 

Included Statements 

• 

Buyer-side closing statement 

• 

Seller-side cost statement (page 1 of 2) 

• 

Settlement charges and payoff statement (page 2 of 2)

Following page is from purchase closing. Complete closing package available upon 

request.

Yosin 

TN 

ng 

C 

Bef, 

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Pai 

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COS 

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03n 

Est), 

bets 

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31d from vo 

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Closing Cost Details 

Loan Costs 

Borrower-Paid 

| 

Seller-Paid 

Paid By 

A. Origination Charges 

= 

1 

ArCosing 

at 

At 

Closing 

812 

: 

or 

0.875% of Loan Amount (Points) 

. 

<3 

| 

Processing Fee 

| 

ms 

Underwriting Fee 

q 

: 

: 

= 

EA 

| 

B. Services Borrower Did Not Shop 

For 

$799.95 

i 

ual Fox 

to 

Amiroch, 

LAK 

630.0¢ 

| 

red 

Monitoring 

Service 

So 

Factual 

Dit 

Flood Determination 

Fee 

to Corelogic 

Flood 

$8.0¢ 

Bs 

Flood Life 

of Loan 

Coverage 

to Corelogic 

Flood 

Services 

X 

Ufe 

of Loan Tax Service 

%5 Corelogic 

Tax Services 

$48.00 

= 

MERS 

Registration 

Fee 

to Mers 

24.9 

| 

Tax Certification Fee 

to Amrock, 

LLC 

$25.00 

C Services Borrower Did Shop For 

RR 

rr 

ee Le 

EE 

Title—Courier Fee 

to Progressive Title Agency, 

Inc 

$40.00 

Title— recording Fees 

to Progressive Title Agency 

$3.40 

Title—Lenders Title Policy 

to Progressive Title Agency, Inc 

$751.00 

Title—Recording Service 

to Progressive Title Agency, Inc 

$35.00 

TitleSettlement or Closing Fee 

to Progressive Title Agency, Inc 

$450.00 

Title-Wire Fec—Closing Agent 

to Progressive Title Agency, Inc. 

$35.00 

D. TOTAL LOAN COSTS (Borrower-Paid) 

EL 

A 

TX 

oa 

ERSCIASH $1) 

Bima. 

© 

$4,277.54 

i Be oR 

E. Taxes and Other Government Fees 

$65.00 

Recording Fees 

Deed: 

$35.00 

Mortgage: 

$30.00 

$65.00 

Transfer Taxes—County-Deed 

to Oakland 

$183.70 

Transfer Taxes-State-Deed 

to Michigan 

$1,252.50 

F. 

Prepaids 

$1,098.86 

| 

Homeowner's Insurance Premium 

mo.) 

| 

Mortgage Insurance Premium 

( 

mo.) 

| 

Prepaid Interest ($28.65 per day from 4/7/23 to 5/1/23) 

$687.60 

Property Taxes 

( 

mo.) 

Walls In Insurance 

(12 mo.) to Allstate 

$411.26 

— 

G. Initial Escrow Payment at Closing 

$3,578.88 

| 

Homeowner's Insurance 

$34.27 per month for 3 mo. 

$102.81 

Mortgage Insurance 

per month for 

mo. 

Property Taxes 

$333.99 per month for 11 mo. 

$3,673.89 

County Property Tax 

$60.72 per month for 7 mo. 

$425.04 

oc 

67 

x] 

Aggregate Adjustment 

$-622.86 

H. Other 

$1,265.00 

(1) $1,223.76 

to Rocket Mortgage, 

LLC 

Buydown Subsidy 

to The Habitat Company 

$100.00 

HOA Transfer Fee 

Real Estate Commission 

to Black Diamond Realty 

$5,010.00 

Real Estate Commission 

to ERA Reardon Realty 

$5,010.00 

Title-Doc Prep Fee 

to Progressive Title Agency, Inc. 

$150.00 

Title—Owner's Title Policy (optional) 

to Progressive Title Agency, Inc. 

$1,165.00 

Water Escrow 

to Pro Title Water Escrow 

$300.00 

JERE 

ESSERE 

Re 

I. 

TOTAL OTHER COSTS (Borrower-Paid) 

$6,007.74 

$6,007.74 

A 

20667.2 

J. 

TOTAL CLOSING COSTS (Borrower-Paid) 

Closing Costs Subtotals (D +1) 

Lender Credits 

SR 

[701717 

Fb 

at 

I 

Ql 03524742208002020023424 1 24840f-1daf-A5a7-b3bf-08960a64edbad205 

$10,285.28 

$10,285.28

Following pages are from sell closing. Complete closing package available upon request.

Lenaer 

united vvnoiesaie v 

| Settlement Date 

July 14, 2025 

Disbursement Date 

: 

July 14, 2025 

Description 

= 3 

2 

3 

Seller 

1a 

Be 

Debit 

i 

Credit 

Financial 

Sale Price of Property 

[ 

| 

| 

| 

[ 

[ 

fl] 

es 

Prorations/Adjustments 

City/Town Taxes 

07/14/25-06/30/26 

County Taxes 

5 

7 

365.00 

07/14/25-11/30/25 

| 

Condo Association Dues 

| 

249.68 

07/14/25-07/31/25 

Title Charges and Escrow/Settlement Charges 

| 

Doc Prep to Progressive Title Agency, Inc 

150.00 

i af 

|Online Signing Fee to Progressive Title Agency, Inc 

150.00 

| 

{owner's Title Insurance to Progressive Title Agency, Inc 

1,360.00 

SL) 

[Record POA to Progressive Title Agency, Inc 

30.00 

| 

= 

5 

| commission - Listing Agent to Black Diamond Realty 

5,595.00 

Copyright 2015 American Land Title Association 

File # JCT20252356/52 

All rights reserved 

Page 

1 of 2 

Printed on 07/11/25 at 10:23:50 AM by Rachael Sheldon

I 

— 

TT 

Seller 

Description 

Commissions (continued) 

Commission - Selling Agent to Golden Key Group LLC 

Government Recording and Transfer Charges 

City/County Tax Stamps to Progressive Title Agency, Inc 

Payoffs 

Payoff of First Mortgage Loan to Rocket Mortgage 

Miscellaneous 

2025 Dup Tax Bill Fee to Southfield Township - Treasurer 

2025 Summer Taxes DUE to Southfield Township - Treasurer 

76-24-22-428-149 

4,566.00 

Condo Status Letter to The Habitat Company 

Debit 

Credit 

Subtotals 

174,345.97 

191,518.06 

Due to Seller 

17,172.09 

Totals 

191,518.06 

191,518.06 

— 

CC —

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