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 ?
The comment came in the closing statement of the 37th Arab Labour
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In his closing statement he said this could be broken down into two questions - Who shot them?
THE German cannibal who confessed to killing a man he met over the internet and eating his flesh told his murder trial judges yesterday: ``I had my big kick and I don't need to do it again,'' Armin Meiwes,42, was making his closing statement.
Additionally, the closing statement of HIFI said, "HIFI has gone well beyond the minimum standards that would entitle it to the requested permits, making its proposed operation open to more monitoring and public scrutiny than any prior applicant.
In Gates' closing statement, he said, "The ICOS board has always been very capable and the additions made over the last year have just increased that.
In a closing statement, attendees maintained that a string state should be built upon the rule of law and justice, as well as upon a modern electoral law that constitutes a guarantee for a just representation and for stability.
Parliament legislative and legal affairs committee chairman and Al Wefaq bloc vice-president Khalil Al Marzooq said that the accumulative deficit and surplus figures were missing from each closing statement submitted to the National Assembly.
Earlier, Barker wept in his closing statement, accepted responsibility for the rape and killings and said violence he encountered left him 'angry and mean' when it came to Iraqis.
On North Korea, the G8 closing statement said the leaders supported the efforts being made by countries in the region, including China, to prod North Korea to comply with its past commitments on nuclear nonproliferation.
The format calls for each speaker to present a 10-minute overview, along with a rebuttal and closing statement.
A closing statement issued by the Elysee presidential palace quoted the pair as highlighting the importance to entrench the bilateral relations through intensifying political talks over common challenges.