closing statement

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Closing statement.

A closing statement, also called a HUD1 or settlement sheet, is a legal form your closing or settlement agent uses to itemize all of the costs you and the seller will have to pay at closing to complete a real estate transaction.

Your total cost should be similar to the amount in the good faith estimate (GFE) provided by your lender.

It's important to review the closing statement with your real estate agent and settlement agent. Mistakes do occasionally happen, so be sure to ask questions if there are any charges you don't understand.

closing statement

Written itemization accounting for all funds changing hands at a real estate or mortgage loan closing.

References in periodicals archive ?
We confirm to the public opinion that we seek justice and uncovering the full truth," they said in a closing statement.
Strickland prepared a fraudulent closing statement that failed to accurately disclose the terms of the financing.
In his closing statement, Liberal Party standard bearer Mar Roxas said there should be more to the country than the viciousness and divisiveness that have marked the campaign.
The questions will be addressed to each leader, with all seven also giving a short closing statement.
The conference held in Baghdad stressed in his closing statement today to develop further measures by the international community that contribute in the protection of children and to reduce exploitation by terrorist elements as well as to adoption programs to reduce this major threat to global society.
In addition to making a brief opening and closing statement, candidates will have an opportunity to respond to prepared questions, randomly selected by the candidate.
The closing statement explained that the twenty states have agreed to strengthen their economies with additional growth of 2.
In a closing statement Saturday from the steering committee of the 188-nation IMF, the finance leaders also committed to making the necessary structural changes that would boost growth.
In the closing statement of their meeting which was held in Tehran on Sunday with Syria's participation, the MPs highlighted the link between preserving the environment and development in addition to discussing the steps taken to enhance economic and social development.
She also said she fully backed her closing statement for it was based on indisputable evidence and statements by witnesses.
Retentions 2% of the closing or partial closing statement.
In a closing statement, the conference blamed the Syrian regime for the ongoing violent dispute, urging all the sides to respect international humanitarian law and human rights.