This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Your Closing Statement. YOUR CLOSING STATEMENT IS "IMPORTANT": When your escrow has closed you will receive a closing statement which is a summary of the costs and financial settlement of your real estate transaction.
A closing statement is a form used in real estate transactions that itemizes all the buying or selling costs associated with the transaction. Legally, it must be given to homebuyers and sellers at least three business days before the closing.
Under federal law, the servicer must generally send you a payoff statement within seven business days of your request, subject to a few exceptions. (12 C.F.R. § 1026.36.)