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Closing Statement

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Sam Site Admin Joined: 21 May 2005 Posts: 281 Location: CALIFORNIA 117.49 Dollars($)	Posted: Thu Apr 01, 2004 4:25 am    Post subject: Closing Statement Closing Statement or Settlement Statement is a standard form that provides complete details of closing cost payable at the time of closing prepared by a closing agent. It includes discount and origination points, settlement fees, escrow deposits for taxes, title insurance, mortgage insurance, brokers' fees, commissions and hazard insurance. Both the seller and buyer sign on it at the time of closing. This standard form is also called HUD-1 Statement published by the Department of Housing and Urban Development (HUD).

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