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.
Franklin Ohio Closing Statement is a legal document prepared during real estate transactions, marking the conclusion of a property purchase or sale in Franklin, Ohio. It serves as a crucial record summarizing all financial transactions and obligations between the buyer and seller. The closing statement outlines the final accounting of costs, payment details, and adjustments made between the parties involved. Keywords: Franklin Ohio, closing statement, legal document, real estate transactions, property purchase, sale, conclusion, financial transactions, obligations, buyer, seller, record, accounting, costs, payment details, adjustments. There are two primary types of Franklin Ohio Closing Statements: 1. Buyer's Closing Statement: This document provides a comprehensive breakdown of all the costs incurred by the buyer during the property purchase process. It includes the purchase price, loan amount, lender fees, title insurance fees, property taxes, and other expenses associated with the transaction. This statement illustrates the total amount owed by the buyer, including any down payment and closing costs. 2. Seller's Closing Statement: This statement outlines the financial details from the seller's perspective. It itemizes the proceeds the seller will receive from the sale after deducting outstanding mortgage balances, realtor commissions, escrow fees, property taxes, and any other relevant fees or expenses. The seller's closing statement helps in assessing the net proceeds they will gain from the transaction. It is essential for both buyers and sellers to carefully review the Franklin Ohio Closing Statement before signing to ensure accuracy and clarity. This document provides a transparent overview of all financial aspects related to the property transaction, allowing both parties to confirm that all terms and obligations have been met before finalizing the sale or purchase. In summary, the Franklin Ohio Closing Statement is a crucial legal document that details the financial transactions and finalizes a property purchase or sale in Franklin, Ohio. It serves as a comprehensive record and aids in ensuring transparency and accountability between the buyer and seller.
