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부동산

Settlement-Statement Worksheet

2019.03.27 02:06 Views : 128

Settlement-Statement Worksheet

Cheat Sheet: Print this page to help yourself answer the quiz that follows - it is very important that you understand all of the issues on this form. While you will not have to fill out a complete settlement statement on the actual state examination, you will have to understand why issues are a debit or a credit to the buyer or seller. 

 Settlement Date Buyer's Statement Seller's Statement: 
 Closing Date: Debit  Credit  Debit  Credit 
 Sales Price    
 Seller's Loan       x   
 Seller's Interest      x  
 Seller's Prepayment      x  
 Commission      x  
 Other Seller's Charges**      x  
 Earnest Money    x    
 Buyer's Loan - New    x    
 

If taxes have been paid, then credit seller, and debit buyer. 

Listings expire on the day of closing.

Legal descriptions include lot, block, subdivision, county, city, and state.  

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