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Click ‘Get Form’ to open the closing statement in the editor.
Begin by entering the Seller and Buyer information at the top of the form. Ensure that all names are spelled correctly for legal accuracy.
Fill in the Property Address, including City, State (Michigan), 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, Balance, and Expenses. Repeat this for the Buyer(s) Column to ensure both parties' financial details are accurately represented.
Complete sections detailing Title Search, Recording Fees, Title Insurance, Attorney Fees, Notary Fee, Survey, and Commission. These fields outline costs associated with closing.
Calculate Total Expenses for both Seller and Buyer by summing up all relevant costs listed above.
Proceed to Other Adjustments and Tax Pro-ration sections. Fill these out based on local regulations and agreements between parties.
Finally, certify that all information is true by signing at the bottom of the form. Include Social Security Numbers as required.
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The contract for sale could require the seller to actually perform repairs or improvements to the property, but the seller fails to do so prior to closing. TheRead 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
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
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