Albuquerque Real Estate - Housing Market Statistics - MLS Search

Simply stated…A document the title company should provide your agent no later than twenty-four hours before closing for review. This ensures all fees charged to you as the buyer or seller are accurate and all bills are paid at closing. This statement also shows the amount needed for closing or the amount due to the seller (net profit). You should see a breakdown of all inspections, commissions paid, loan fees, taxes, and any additional costs associated with the purchase or sale, such as fees paid out of closing (i.e., appraisals).

Additional Web Resources:

Sample HUD-1 Settlement Statement [.pdf]
Settlement Costs and Information

For brief definitions of other terms, visit my Real Estate Glossary.