Real Estate Closing Statement Form
The purpose of a real estate closing statement form is to provide a single document that captures all the relevant information regarding the real estate business transaction. The form required for the statement would include details like Mortgage, Insurance, Taxes and other expenses. The purpose of the closing statement is to have this information in a single form in a precise and systematic manner.
Sample Real Estate Closing Statement Form
Premise/Property: ________________________
Title no. : ________________________
At Office of: ________________________
Following Persons were present
Broker Bank Representative Mortgage Broker Title closer
CREDIT TO BUYER CREDIT TO SELLER
Purchase Price ___________ ___________
Payment to Contract ___________ ___________
1st mortgage balance ___________ ___________
Interest _______ Period _______ ___________ ___________
Purchase Money Mortgage ___________ ___________
- Local Taxes _______ ___________ ___________
- Other taxes/surcharges/expenses_______ ___________ ___________
Water ___________ ___________
Maintainance/Security ___________ ___________
Credit To seller ___________ ___________
Credit to Buyer ___________ ___________
Balance due to Seller ___________ ___________
Annexure:
Insurance Schedule
Insurance Company_______Policy No.___ Premium Amount _________Policy term _________
Tenancies (if Any)
Tenant Name ___________ Premise_____________________________
Rent ___________
Due ___________
Security ___________
Adjustment ___________
Remarks
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Category: Statement Forms
