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.
Bexar Texas Closing Statement is a crucial legal document that finalizes a real estate transaction in Bexar County, Texas. It serves as a detailed breakdown of the financial aspects of the property purchase/sale, outlining all the costs, credits, and adjustments related to the transaction. This document is prepared by the closing agent, commonly an escrow officer or attorney, and is typically signed by the buyer, seller, and any other parties involved. Keywords: Bexar Texas, closing statement, real estate transaction, Bexar County, costs, credits, adjustments, closing agent, escrow officer, attorney, buyer, seller. Different types of Bexar Texas Closing Statements may include: 1. Buyer's Closing Statement: This type of closing statement focuses on the financial obligations of the buyer, including the purchase price, loan amount, loan fees, and other charges payable by the buyer. 2. Seller's Closing Statement: The seller's closing statement primarily encompasses the financial aspects related to the seller, such as the sale proceeds, outstanding mortgage balances, prorated property taxes, unpaid homeowner's association fees, and any other costs the seller is responsible for. 3. Refinance Closing Statement: In a refinancing transaction, where the homeowner replaces their existing mortgage with a new loan, a refinancing closing statement is prepared. It outlines the new loan details, loan fees, prepaid interests, and any other costs associated with the refinancing process. 4. Cash Closing Statement: A cash closing statement is applicable when a buyer purchases a property without financing. It highlights the entire purchase price of the property and the various expenses involved in the transaction, such as title insurance, inspections, recording fees, and other closing costs. These various types of Bexar Texas Closing Statements cater to the specific circumstances of each real estate transaction, making sure all financial aspects are accurately documented and finalized.
