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The closing statement is the attorneys final statement to the jury before deliberation begins. The attorney reiterates the important arguments, summarizes what the evidence has and has not shown, and requests jury to consider the evidence and apply the law in his or her clients favor.
Who gives the closing statement?
The person responsible for assembling necessary closing documents, preparing the HUD-1 settlement, and arranging the closing is generally referred to as the Closing Agent or Settlement Agent. This individual can be an attorney, a representative of the title company, or a representative of the mortgage lender.
What is the form of closing statement?
The closing statement should include basic information about the property, such as the address, when it was built, and the type of structure (i.e., single-family home, multifamily home, manufactured home, etc.). Financial information. Shows the homes purchase price, deposits paid by the buyer, and seller credits.
Who generally prepares closing statements?
The plaintiff, having the burden of proof, usually has the right to give her closing argument first, followed by the defendants closing argument. In many jurisdictions, the plaintiff may use all of the allotted time, or the plaintiff may reserve time (e.g., ten minutes) to use after the defendants closing argument.
Who is responsible for preparing closing documents?
A homebuyer who finances the purchase will receive a closing statement from the bank, while the home seller will receive one from the real estate agent who handled the sale. The closing statement includes the fees associated with buying or selling a home and details of the property.
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A homebuyer who finances the purchase will receive a closing statement from the bank, while the home seller will receive one from the real estate agent who handled the sale.
Who prepares the closing statement?
Closing statements are prepared by closing agents, who help facilitate the sale of a property. Typically, closing agents are real estate attorneys, title companies or escrow officers. Closing statements must be issued at least three business days before closing.
Related links
Fill-able HUD-1
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.
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