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D-11. STATEMENT OF SETTLEMENT COSTS. Identification of Property Purchase Price.
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What is statement of settlement costs?
The statement of settlement costs is a document that outlines all the expenses and fees associated with a real estate transaction.
Who is required to file statement of settlement costs?
The buyer or seller, depending on the terms of the sales contract, is usually required to file the statement of settlement costs.
How to fill out statement of settlement costs?
The statement of settlement costs should be filled out with accurate information regarding all expenses related to the real estate transaction, including closing costs, loan fees, and taxes.
What is the purpose of statement of settlement costs?
The purpose of the statement of settlement costs is to provide a clear breakdown of all expenses incurred during a real estate transaction.
What information must be reported on statement of settlement costs?
The statement of settlement costs must report all costs associated with the purchase or sale of real estate, including but not limited to closing costs, title fees, and commissions.
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