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Click ‘Get Form’ to open the closing statement in the editor.
Begin by filling in the 'Premises', 'Block', and 'Lot' sections to identify the property involved in the transaction.
Enter the date of closure in the 'Closed' field and provide the 'Title No.' for reference.
List all parties present at closing under 'The Following Persons Were Present', including roles such as Bank Attorney, Broker, Title Closer, and Mortgage Broker.
Fill in financial details: specify credits to both BUYER and SELLER, along with Purchase Price, Payment on Contract, and 1st Mortgage Balance.
Complete tax information by entering City/State Tax, County Tax, and School Tax amounts as applicable.
In the DISBURSEMENTS section, indicate the Balance Paid Seller and any other relevant financial adjustments.
Finally, review all entries for accuracy before saving or sharing your completed document online for free.
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This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked.Read more
20 CSR 2250-8.150 - Closings and Closing Statements
This rule requires that a broker deliver a closing statement, containing a complete, accurate and detailed statement showing all receipts and disbursements.Read more
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