A "HUD" Settlement Statement is the document used for closing which shows all of the closing costs related to the transaction, separated into Buyer and Seller costs.  This document also tells the Buyers how much money they are required to bring for closing and tells the Sellers how much they will either receive or owe at closing.

Scott Jones is a Client Account Representative with First American Title in The Woodlands  at 2520 Research Forest Dr. His website is http://www.firstamericantitlethewoodlands.com. He writes for Will & Allen REALTORS(r) and Lelda Will Properties, and other industry-related sites.