Transcription of Settlement Statement - Residential Title
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Settlement Statement - Residential Title
A. Department of HousingB. Type of Loanand Urban Development1. [ ] FHA2. [ ] FMHA3. [ ] Conv. [ ] VA5. [ ] Conv. File Number7. Loan Number Settlement Statement8. Mortgage Ins. Case No. C. Note:This form is furnished to give you a Statement of actual Settlement costs. Amounts paid to and by the settlementagent are shown. Items marked ("POC") were paid outside the closing: they are shown here for informationpurposes and are not included in the Name of Borrower:E. Name of Seller:F. Name of Lender:G. Property Location:H. Settlement Agent:TIN: Place of Settlement :I. Settlement Date:Proration Date:J. Summary of Borrower's TransactionK. Summary of Seller's amount due from amount due to sales sales charges to borrower (line 1400) for items paid by seller in advance:Adjustments for items paid by seller in advance: taxes /Soil /Soil amount due from amount due to paid by or in behalf of the in amount due to or earnest deposit (see instructions) amount of new loan(s) charges to seller (line 1400) loan(s) taken subject loan(s) taken subject of first mortgage of second mortgage Cost Cost paid paid by:Adj
lenders release the balance in the escrow account after the loan has been paid and satisfied. The lender will forward the escrow funds directly to the seller, usually within 30 to 45 days. 510-519. Adjustments for Items Unpaid by Seller- (See lines 210-219) EXPLANATION OF PAGE TWO OF SETTLEMENT STATEMENT
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