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.
Santa Clara California Closing Statement refers to a legal document that serves as the final record of a real estate transaction in Santa Clara, California. It contains crucial information regarding the terms and conditions of the sale/purchase and signifies the completion of the transfer of ownership rights. The closing statement typically includes a breakdown of all financial transactions related to the property, ensuring that all parties involved are aware of the final settlement amounts. There are different types of Santa Clara California Closing Statements, including: 1. Buyer's Closing Statement: This type of closing statement reflects the financial obligations of the buyer in the real estate transaction. It details the purchase price, loan amount (if applicable), earnest money, closing costs, adjustments, and any other expenses paid by the buyer. 2. Seller's Closing Statement: As the name suggests, the seller's closing statement outlines the financial aspects concerning the seller. It itemizes the purchase price, realtor commissions, loan/payoff balances, property taxes, prorated expenses, and any other costs borne by the seller. 3. Lender's Closing Statement: In cases where a mortgage or loan is involved, the lender's closing statement serves as an additional document, highlighting the financial responsibilities of the lending institution. It specifies the loan amount, interest rate, lender fees, prepaid interest, and any other charges related to the mortgage. 4. Settlement Statement: The settlement statement is a broader term encompassing both the buyer's and seller's closing statements, providing a comprehensive overview of the financial aspects of the real estate transaction. It ensures transparency by disclosing all expenses, payments, and adjustments made during the closing process. Throughout the Santa Clara California Closing Statement, relevant keywords may include real estate transaction, final settlement, transfer of ownership rights, financial transactions, purchase price, loan amount, closing costs, adjustments, buyer, seller, lender, mortgage, interest rate, realtor commissions, prorated expenses, and settlement statement.Santa Clara California Closing Statement refers to a legal document that serves as the final record of a real estate transaction in Santa Clara, California. It contains crucial information regarding the terms and conditions of the sale/purchase and signifies the completion of the transfer of ownership rights. The closing statement typically includes a breakdown of all financial transactions related to the property, ensuring that all parties involved are aware of the final settlement amounts. There are different types of Santa Clara California Closing Statements, including: 1. Buyer's Closing Statement: This type of closing statement reflects the financial obligations of the buyer in the real estate transaction. It details the purchase price, loan amount (if applicable), earnest money, closing costs, adjustments, and any other expenses paid by the buyer. 2. Seller's Closing Statement: As the name suggests, the seller's closing statement outlines the financial aspects concerning the seller. It itemizes the purchase price, realtor commissions, loan/payoff balances, property taxes, prorated expenses, and any other costs borne by the seller. 3. Lender's Closing Statement: In cases where a mortgage or loan is involved, the lender's closing statement serves as an additional document, highlighting the financial responsibilities of the lending institution. It specifies the loan amount, interest rate, lender fees, prepaid interest, and any other charges related to the mortgage. 4. Settlement Statement: The settlement statement is a broader term encompassing both the buyer's and seller's closing statements, providing a comprehensive overview of the financial aspects of the real estate transaction. It ensures transparency by disclosing all expenses, payments, and adjustments made during the closing process. Throughout the Santa Clara California Closing Statement, relevant keywords may include real estate transaction, final settlement, transfer of ownership rights, financial transactions, purchase price, loan amount, closing costs, adjustments, buyer, seller, lender, mortgage, interest rate, realtor commissions, prorated expenses, and settlement statement.
