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Click ‘Get Form’ to open the Illinois 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 (Illinois), 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.
Detail all Expenses under sections 4a and 4b. Include Title Search, Recording Fees, Title Insurance, Attorney Fees, Notary Fee, Survey, and Commission to ensure transparency in costs.
Calculate Total Expenses in fields 20a and 20b. Then determine Balance Less Expenses (21a) and Balance plus Expenses (21b) for both Seller and Buyer.
Complete Other Adjustments sections (22a/22b through 29a/29b) as necessary to account for any additional fees or prorations relevant to your transaction.
Finally, certify that all information is true by signing at the bottom of the form along with providing Social Security Numbers where indicated.
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