Closing Statement Form

File No./Escrow No. Think of the escrow number like your bank account numberit's a series of digits specific to a single transaction between a buyer and seller. Date & Time: Officer/Escrow Officer: Settlement Location: Property Address: Buyer: Seller: Lender:

A HUD-1 or HUD-1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditor's behalf.

What is a settlement statement? A settlement statement is a document given to borrowers at closing that itemizes services and fees charged to the borrower by the lender or broker. It also contains a good faith estimate.

A settlement statement is a document that summarizes the terms and conditions of a settlement, most commonly a loan agreement. A loan settlement statement provides full disclosure of all of a loan's terms and conditions as well as all extraneous fees.

Parties. The purchaser and seller are ultimately responsible for the accuracy of the settlement statement. The purchaser and seller are the only two parties intimately involved in every part of the transaction. The seller is aware of liens attached to the property and the amount of any taxes or assessments owed.

Settlement: This fee is paid to the settlement agent or escrow holder. Responsibility for payment of this fee can be negotiated between the seller and the buyer.

Borrowers are usually required to review and sign a closing, settlement statement in order to fully complete the lending process and receive their loan. The signing of the settlement statement also usually binds all of the terms associated with a loan, which typically cannot be easily amended.

In your case, you should start by contacting the settlement agent for the purchase of the home. Depending on how long they retain their records, they should be able to supply you with a copy of your settlement documents.