This Closing Statement is for a real estate transaction where the transaction is a cash sale or provides for owner financing. This settlement statement is verified and signed by both the seller and the buyer.
Closing Statement Form
Category:
State:
California
Control #:
CA-CLOSE3
Format:
Word;
Rich Text
Instant download
Description Sellers Closing Statement
How to fill out California Closing Purchase?
1. Identify the Parties: The California Closing Statement form starts by identifying the parties involved in the real estate transaction, such as the buyer, seller, real estate agent, and lender.
2. Purchase Price and Loan Information: You will need to fill in the purchase price of the property, any earnest money deposits, and details about the loan, such as the loan amount, interest rate, and loan term.
3. Closing Costs: The form requires you to list all closing costs associated with the transaction, including title insurance, escrow fees, recording fees, and any other fees or expenses to be paid at closing.
4. Prorations: You must calculate and include prorated amounts for property taxes, homeowner's association dues, and any other applicable fees that will be divided between the buyer and seller at closing.
5. Funds Due at Closing: The form will show the total amount due from the buyer and the total amount due to the seller at closing, including any credits or adjustments made for repairs or other items.
6. Signatures: Both parties must sign the California Closing Statement to acknowledge and agree to the terms of the closing statement.
It is possible to fill out the California Closing Statement form online using a platform like US Legal Forms. On US Legal Forms, users can find up-to-date, lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access the forms, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis.
2. Purchase Price and Loan Information: You will need to fill in the purchase price of the property, any earnest money deposits, and details about the loan, such as the loan amount, interest rate, and loan term.
3. Closing Costs: The form requires you to list all closing costs associated with the transaction, including title insurance, escrow fees, recording fees, and any other fees or expenses to be paid at closing.
4. Prorations: You must calculate and include prorated amounts for property taxes, homeowner's association dues, and any other applicable fees that will be divided between the buyer and seller at closing.
5. Funds Due at Closing: The form will show the total amount due from the buyer and the total amount due to the seller at closing, including any credits or adjustments made for repairs or other items.
6. Signatures: Both parties must sign the California Closing Statement to acknowledge and agree to the terms of the closing statement.
It is possible to fill out the California Closing Statement form online using a platform like US Legal Forms. On US Legal Forms, users can find up-to-date, lawyer-approved, state-specific form templates and complete or download them in Word, PDF, and RTF formats. To access the forms, users need to register and purchase a Basic or Premium subscription on a monthly or annual basis.
