Closing Statement Real Estate Form PDF Details

At the heart of every real estate transaction lies the Closing Statement, a document that outlines the financial ins and outs, serving as both a summary and a finalization of the deal's financial details. This form captures crucial information, starting with the premises in question, delineating it by block and lot numbers, and clarifies the timing with its adjustments and closure dates. Details about the conducting office follow, including the title number, ensuring the document's precision in identifying the transaction's location. Importantly, the form lists key participants such as the bank attorney, title closer, brokers, and mortgage brokers, ensuring all necessary parties are recognized. Financial particulars are neatly laid out, offering credits to both buyer and seller, highlighting the purchase price, payments made under the contract, remaining mortgage balances, and interest calculations. Taxes, from city/state to school and county, alongside utilities and maintenance dues, are meticulously adjusted, ensuring both parties receive a fair settlement. Furthermore, insurance and mortgage details, including the holder, type, term, and interest rates, are specified, providing a clear picture of ongoing financial obligations. The form also touches upon tenancies, capturing the current rental situation at the property, and wraps up with an array of miscellaneous remarks, ensuring every aspect of the transaction is documented. In essence, the Closing Statement Real Estate form stands as a comprehensive record, crucial for both the buyer and the seller, encapsulating the financial culmination of the property's transfer.

QuestionAnswer
Form NameClosing Statement Real Estate Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesVariable, Expires, closing statement form, real estate closing statement form

Form Preview Example

CLOSING STATEMENT

Premises:

 

Block:

 

Lot:

 

 

Adjustments as of:

 

 

Closed:

 

 

 

 

Title No.:

 

 

at office of:

 

 

 

 

 

 

 

 

 

The Following Persons Were Present:

 

 

 

 

 

 

 

 

 

 

 

 

Bank Attorney:

 

 

 

 

 

Title Closer:

 

 

Broker:

 

 

 

 

 

Mortgage Broker:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit to BUYER: Credit to SELLER:

 

 

 

 

 

 

 

 

 

 

 

 

Purchase Price:

 

 

 

 

 

 

 

 

 

Payment on Contract:

 

 

 

 

 

 

 

1st Mortgage Balance:

 

 

 

 

 

 

 

Interest @

from

to

 

 

Purchase Money Mortgage

 

 

 

 

 

 

 

City/State Tax

$

 

Paid to

 

 

 

 

 

 

 

 

 

 

County Tax

$

 

Paid to

 

 

 

 

 

 

 

 

 

 

School Tax

$

 

Paid to

 

 

 

 

 

 

 

 

 

 

 

$

 

Paid to

 

 

 

 

 

 

 

 

 

 

 

 

Water & Sewer

Fuel/Maintenance

Rents/Security (See Schedule)

Credit to SELLER

Credit to BUYER

BALANCE DUE SELLER

 

DISBURSEMENTS

Balance Paid Seller:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Schedule

Policy No. Insurance Company Policy Amt.

Premium Term Expires

Mortgage

 

Principal

 

 

Holder of the

 

 

Type

 

 

Term

 

Interest Rate

 

Amount

 

 

Mortgage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed

 

 

Constant

 

 

 

 

 

Mortgage No.

 

 

 

 

Variable

 

 

Initially

 

 

First Payment

 

 

Payment

 

 

Escrows

 

 

Total Due

 

 

Right to

 

Acceleration

 

Due

 

 

Per Mo.

 

 

Per Mo.

 

 

Per Mo.

 

 

Prepay

 

on Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Yes

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

No

 

No

Tenancies

Tenant Names

Apartment

Rent

Due

Security

Adjustment

Miscellaneous & Remarks

How to Edit Closing Statement Real Estate Form Online for Free

Working with PDF files online is always a piece of cake using our PDF editor. You can fill in Expires here within minutes. In order to make our tool better and simpler to use, we consistently implement new features, with our users' suggestions in mind. All it takes is a few simple steps:

Step 1: Press the "Get Form" button above. It's going to open up our editor so you could start filling out your form.

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As for the blanks of this specific document, here's what you need to do:

1. While filling out the Expires, make certain to complete all essential fields in the associated section. It will help facilitate the process, allowing for your information to be handled without delay and accurately.

Ways to fill out Prepay part 1

2. After the previous array of blanks is completed, proceed to enter the applicable information in all these - Paid to, Purchase Price Payment on Contract, County Tax, School Tax, Paid to, Paid to, Paid to, Water Sewer FuelMaintenance, DISBURSEMENTS, and Balance Paid Seller.

Water  Sewer FuelMaintenance, Paid to, and County Tax inside Prepay

3. This next step is about DISBURSEMENTS, and Balance Paid Seller - fill in all these blanks.

Writing segment 3 in Prepay

4. It's time to start working on the next segment! In this case you'll get these Insurance Company Policy Amt, Policy No, Mortgage, Type, Term, Interest Rate, Principal Amount, First Payment, Due, Holder of the, Mortgage, Mortgage No, Payment Per Mo, Escrows Per Mo, and Fixed Variable Total Due Per Mo empty form fields to fill in.

Tips on how to fill in Prepay step 4

5. This very last section to complete this document is essential. Be certain to fill in the appropriate blank fields, and this includes Miscellaneous Remarks, prior to finalizing. In any other case, it can give you an unfinished and probably unacceptable document!

Prepay conclusion process outlined (portion 5)

People who work with this PDF often make errors when filling out Miscellaneous Remarks in this area. Be certain to double-check whatever you enter here.

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