Everything you wanted to know about a real estate settlement statements but were afraid to ask!
Join us as Shoshanna Grossman leads us through How to Read a Settlement Statement. Your buyer and seller clients have so much paperwork for their review and signature -- consumers often feel overwhelmed by the seemingly endless paperwork in a real estate transaction.
Having an understanding of settlement statements can ease your client's stress. In laymen's terms, we will learn the difference between an Alta Settlement Statement and a Closing Disclosure; Closing Disclosure: covering section A-J for buyer; Explanation of the loan costs, title fees, government costs, setting up an escrow account, tax prorations; How do title companies come up with the amounts? Reading contracts and communicating with the lender; Which items are always required on a settlement statement and which items are optional?
Bring your questions and join us for the informative topic! Explanation of standard title insurance endorsement.
1-hour c.e. approved;
Boxed lunches available at 11:30; class begins at 12:00 noon and concludes at 1:00 p.m. Please contact tcovell@akronclevelandrealtors.com with dietary restrictions.
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