Real Estate Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Definitions of Closing Statement

  • A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place. This document is prepared by a closing agent and is also known as a settlement sheet or HUD-1. This definition of Closing Statement contributed by James Boyer.

Back to Glossary

Related Terms

Agent
HUD
HUD-1
Real Estate