closing agent

CRAIG BLACKMON IS A REAL ESTATE ATTORNEY, BROKER, AND INNOVATOR IN SEATTLE.

Settlement Statement

Settlement Statement The formal spreadsheet issued by the Closing Agent at Closing showing the origination and disposition of all funds. For many years the settlement statement was called the HUD-1. This was the designation of a specific form required by federal law....

Closing Agent

Closing Agent The person who enacts and completes the terms of the contract. The closing agent works in the escrow office and provides escrow services (i.e., acts as a neutral third party). A title company usually also provides escrow, but not always. Insider’s...

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