Transform your daily workflows and Merge Settlement Statement

Aug 6th, 2022
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How to Merge Settlement Statement

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so you have just been provided a copy of your settlement statement from your lender and youre wondering how do i read this settlement statement for my real estate closing im tiffany weber im a real estate lawyer in north carolina at thomas and weber in mooresville and we put out videos just like this to explain the closing process to you so make sure you subscribe most lenders provide to their borrowers a closing disclosure so thats the standard form that is used for residential loans and it is a five page document im going to tell you how to read it now a lot of attorneys and a lot of lenders will also call this a settlement statement but the official name of the document on the form is a closing disclosure so if i say closing disclosure i mean settlement statement but the settlement statement just provides you all of the information about your loan so on page one of the closing disclosure youre going to see the parties identified at the top so seller and buyer the property add

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Any clause where a warranty or representation is made and states this warranty shall survive and not merge on the completion of the transaction means that whoever is making that warranty or representation is liable for that statement after closing is complete.
1. In corporate law, the absorption of one corporation into another. The surviving corporation acquires all the assets and liabilities of the corporation getting absorbed. The joining of non-corporate entities such as associations may sometimes be called a merger as well.
: to become combined into one. The two banks merged. : to blend or come together without abrupt change.
Title to separately owned properties may in law merge in title and become one property for property assessment purposes when two or more abutting properties come under a single ownership. This may occur even if there is no Application to Consolidate Parcels registered at the land registry office.
Any clause where a warranty or representation is made and states this warranty shall survive and not merge on the completion of the transaction means that whoever is making that warranty or representation is liable for that statement after closing is complete.
Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.
In real property law, all promises merge (i.e. end) on closing when the purchase price is paid by the buyer and the deed is delivered by the seller unless the agreement of purchase and sale otherwise provides, expressly or impliedly, or unless a new agreement is made by the parties.
In real property law, all promises merge (i.e. end) on closing when the purchase price is paid by the buyer and the deed is delivered by the seller unless the agreement of purchase and sale otherwise provides, expressly or impliedly, or unless a new agreement is made by the parties.

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