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hi everyone I needs to hear with big Rhea and I wanted to go over settlement statements for investors so heres a question that came in what is the settlement statement so this is also called a sellers closing statement and its a breakdown of the sellers net profits and its either prepared by an attorney a title company or an escrow company these came about after the subprime crisis in 2008 and theyre used a lot of times in conjunction with the closing disclosure and weve covered that in another video so if you come across one of these I wanted to go over it with you so you know exactly whats on it and what it means so the first 11 portions here the file and escrow number thats basically like the account number assigned to the property the date and time the officer or the escrow officer depending you know if youre using an attorney or an escrow or title company the settlement location where the closing is happening the actual physical property address of the property being purc
