BuyingAdvanced
What Is POC?
Also written as: POC
POC, marked next to a line item on a Closing Disclosure or settlement statement, means that fee was already paid before closing — such as an appraisal fee paid directly to the appraiser — so it isn't collected again as part of the funds due at closing.
Most useful for: Repeat Buyer
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This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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