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Click ‘Get Form’ to open the New York Closing Settlement Statement in the editor.
Begin by entering the Seller and Buyer information in the designated fields. Ensure that all names are spelled correctly for legal accuracy.
Fill in the Property Address, including City, State (New York), and Zip Code. This information is crucial for identifying the property involved in the transaction.
In the Seller(s) Column, input the Sales Price, Down-payment, and Balance. Repeat this process for the Buyer(s) Column to ensure both parties' financial details are accurately recorded.
Complete the Expenses section by detailing costs such as Title Search, Recording Fees, Title Insurance, Attorney Fees, Notary Fee, Survey, and Commission. Make sure to differentiate between seller and buyer expenses.
Calculate Total Expenses for both columns and enter them in their respective fields. This will help clarify financial obligations.
Proceed to fill out Other Adjustments including County Tax Pro-ration and Special Assessment Pro-ration as applicable. Ensure all adjustments are clearly documented.
Finally, certify that all information is true and correct by signing in the designated areas for both Sellers and Buyers before saving your document.
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