Document detailing the final financial settlement and costs paid by both buyer and seller of a property.
This document is required by the Real Estate Settlement Procedures Act (RESPA) and is an itemized statement of services and charges relating to the closing or settlement of the property transfer. The buyer has the right to examine the settlement statement 1 day before the closing. This is called the HUD – 1 Settlement Statement (after the name of the standard form).
A document required by the Real Estate Settlement Procedures Act (RESPA). An itemized statement of charges that must be paid at closing or settlement. The buyer has the right to examine the settlement statement one day before the closing. Also known as a Closing Statement or a HUD-1 Settlement Statement.
A document that presents a final, detailed accounting for a real estate transaction, listing each party's debits and credits, and the amount each will receive or be required to pay at closing. Also called a closing statement.
The final accounting statement that shows all monies received by the escrow agent and how those funds were disbursed.
A form utilized to itemize the costs associated with the transfer of real estate from a seller to a buyer.
This is an RESPA required statement in all residential real estate transactions. The settlement statement reviews line item for line item the transaction whether refinance or purchase. It details the final pay-off amounts between the seller and buyer, or the new and existing loans, and delineates the costs and fees. The statement will also break down all fees being charged by the lender, broker (if applicable), all third parties- like the appraiser and title and escrow, and will show the final prepaid items and reserves found under line items 1000 thru 1100's.
A document that details who has paid how much to whom. Also known as the HUD-1 Settlement Statement.
Closing document required by U.S. Department of Housing and Urban Development that outlines all settlement costs relating to a loan. The closing agent prepares the HUD-1 and sends it to the buyer at closing.
A financial disclosure that details all the debits and credits incurred at the closing of a loan.
The HUD-1 Settlement Statement itemizes the amounts to be paid by the buyer and the seller at closing. Items on the statement include real estate commissions, loan fees, points, and escrow amounts. The form is filled out by your closing agent and must be signed by the buyer and the seller. The buyer should be allowed to review the HUD-1 Settlement Statement on the business day before the closing meeting to know the closing costs in advance. The HUD-1 Settlement Statement is also known as the "closing statement".
Form used by the settlement agent to itemize all charges for a real estate transaction. It gives each party a complete list of their incoming and outgoing funds. Also known as a HUD-1 Form.
A statement, generally provided at closing, giving a complete breakdown of costs involved in a real estate sale. Also known as the HUD-1.
the written document which shows how all the monies related to a transfer of ownership are adjusted, prorated, and disbursed. Some charges are credits, others are debits, some are settlement costs. Buyers and Sellers should have access to these prior to closing with any needed explanation by their agent. These documents will also be explained at the time of the settlement, or closing.
A full and detailed accounting of the sources and dispersion of all funds in a real estate transaction.
Another term for a Closing Statement
A statement that documents exactly what has been paid and by whom.
A statement prepared by broker, escrow or lender giving a complete breakdown of the cost associated with a real estate transaction.
A mortgage loan closing form required by HUD that is often called a HUD-1. It provides details of all charges and payments made in connection with your loan, and shows to whom they are distributed.
A document that lists all closing costs on a real estate purchase or refinance transaction.
A document that details the costs associated with a real estate closing.
See HUD1 Uniform Settlement statement.
A statement prepared by an escrow agent or lender, giving a complete breakdown of costs involved in a real estate transaction.
Statement giving a complete breakdown of costs involved in a real estate transaction. A separate statement is prepared for the buyer and the seller.
The Settlement Statement, or closing statement, is a summary of all funds paid or received by the buyer and seller at closing. The closing attorney prepares the Settlement Statement. At closing, the buyer and seller must review and sign the Settlement Statement. Make sure to keep your copy of the Settlement Statement in a safe place after closing.
A document detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place. This document is typically prepared by a closing agent and is also known as a "settlement sheet" or a "closing statement."
A document prepared by an escrow agent, which reflects the financial status of a contract of sale.
The document that gives a final, detailed accounting for a real estate transaction. It lists the seller's and buyer's debits and credits and the amount each will receive or be required to pay at closing.
A statement prepared by a closing agent (usually a title or escrow company) giving a complete breakdown of costs and charges involved in a real estate transaction. Required by RESPA on a form HUD-1.
A statement that details the monies paid out and received by the buyer and seller at closing.
Also referred to as a HUD-1 Settlement Statement. The complete breakdown of costs involved in the real estate transaction for both the seller and buyer.
A document signed by the buyer and seller at their loan closing. It is a detailed list of the original purchase price, fees paid or owed, the buyer's loan amount, and the amount of funds the seller will receive in the transaction. The settlement statement is sometimes referred to as the closing statement or the HUD-1.
A statement prepared by broker, escrow, or lender, giving a complete breakdown of costs involved in a real estate sale.
A document that details who has paid what to whom.
A statement that itemizes the services provided to you and the fees charged to you for those services.
A complete breakdown of costs involved in a real estate sale prepared by broker, escrow, or lender.
A statement prepared by a Closing Attorney, giving a complete breakdown of costs involved in a real estate transaction, and the total funds due from or to a party at Closing.
The computation of costs payable at closing that determines the seller's net proceeds and the buyer's net payment.
the computation of cost payable at closing which determines the seller's net proceeds and buyer's net payment.
it itemizes all closing costs; must be given to the borrower at or before closing.
A document that contains the details and conditions of a settlement. It describes whom must pay, the amount to be paid, and to whom the money is to be paid.
Final statement of the actual settlement costs of the loan . A Federal requirement under RESPA.
The Real Estate Settlement Procedures Act requires lenders to give this disclosure at closing, or one day in advance of closing if the consumer requests it. It should be the final statement of settlement costs. The RESPA disclosure focuses on closing costs as a dollar amount.
A closing statement or settlement sheet that outlines all closing costs on a real estate transaction or refinancing for the buyer and seller.
A closing agent makes a closing document that states the settlement cost of the loan. Once the agent finishes the document it is sent to the buyer at closing.
Can be known as the "HUD-1". The final statement of costs to be paid to close a loan or to purchase property.
A statement prepared by attorney, broker, escrow company, or lender, giving a complete itemization of costs incurred in a real estate transaction. A separate statement is prepared for the buyer and seller.