This chapter of Title & Escrow Education Online reviews the financial aspects of the real estate transaction. To satisfy the financial arrange-ments of a transaction, settlement statements are prepared. The settlement statements set forth the payments of fees, payments to clear liens and encumbrances, prorates charges between the parties, discloses the incoming funds and provides an accounting of the other disbursements. It is essential for all parties to be satisfied with the financial structure of the transaction.
The primary focus of those involved in the transaction is almost always with the money. Settlement statements are the forms which discuss the money. How much must be paid, or how much is being received are of primary consideration. If the financial aspect of the transaction makes sense, then the other documents are easy signed.
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