Write about settlement statement
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A 'settlement statement' is a document that shows what the buyer has to pay the seller on settlement day. ... Typically prepared by the buyer's legal representative, it includes all the payments and receipts related to the settlement (e.g. deposit, land transfer duty, legal costs).
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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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