Closing Statement


Definition of "Closing statement"

John Miller
  Coldwell Banker Vanguard Realty

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Prepaid Interest

Interest a person pays before it is actually incurred. An example is a one year's interest that a bo ...

Pipeline Risk

The lender's risk that, between the time a lock commitment is given to the borrower and the time t ...

Holding Company

Company formed for the purpose of owning securities of one or more real estate corporations and assu ...

Casualty Loss

Loss arising from the partial or complete destruction of property resulting from circumstances of a ...

Indirect Property Exposures

Loss of income resulting from the damage or destruction of a person's property or a business's prope ...

Investments And Regulation

Life insurance: Bonds most state regulations permit life insurance company investments in debenture ...

Related Real Estate FAQ

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What do Real Estate Attorneys do? Real Estate Open House - The Dos and Don Top Five Reasons Your Home Offer was Rejected Is it better to buy or sell a home first What Must I Disclose When Selling My Home?

FAQ

What is an assumable mortgage? What is a fixed-rate mortgage? Why should I use a real estate agent? What is a CD? What is a mortgagor?