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In this video tutorial, Tiffany Weber, a real estate lawyer in North Carolina, explains how to read a settlement statement, also known as a closing disclosure. This standard five-page document is provided by lenders for residential loans. The terminology used can vary, with attorneys and lenders often referring to it as a settlement statement. The closing disclosure includes essential information about the loan and begins with the identification of the parties involved—seller and buyer—along with property details on the first page. Tiffany emphasizes the importance of understanding this document to navigate the closing process effectively and encourages viewers to subscribe for more informative content.
