one word about settlement ? class 10 social
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Answer: The way in which people organize themselves and their living spaces in a place is called settlement – that is geographical space people live and work. There are different kinds of settlement such as educational, religious, commercial, etc.
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The settlement statement, also known as the closing statement, is a legal document that outlines what a buyer needs to pay to the seller or vendor on settlement. The statement also has a good faith estimate. The settlement statement lists all charges and credits to both the buyer and the seller in a property or real estate settlement.
Some of these costs include loan origination fees, closing costs, and appraisal fees.
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