What is the Settlement Statement?

The settlement statement will be prepared by the closing attorney and issued to you a couple days prior to closing. The settlement statement is like an accountant’s worksheet and it itemizes all the monetary aspects of the purchase. You will find the purchase price, closing costs, debits/credits including earnest money, title insurance, taxes and more on the settlement statement. The closing attorney will go over the details of the settlement statement at closing, but it is good to review prior to closing, in case of any miscalculations.