/Es cro w No . . 5. Everything from the sale price, loan amounts, school taxes and other pertinent information is contained in this document. 3, 2015. In transactions that do not. According to a post on ALTA’s website: “ ALTA created model Settlement Statements. For Probate Properties and Death Certificate or Power of Attorney and Power to Sell IRS, b. What is the Alta Settlement Statement Vs HUD? ALTA (American Land Title Association) and HUD (Department of Housing and Urban Development) statements are both documents used in real estate transactions, but they have key differences. The. Realtors and Mortgage Pros get your FREE title quote app from Champions Title Services. One of the important documents in this pile is the ALTA statement sheet. The pack features everything 4 types of ATTA instruction. Why is only an alta settlement hud is available for. HUD-1, ALTA Settlement Statement, or some other “easy” form?) T33. Skip till content. Write a Review! How does this software stack up?. The ALTA settlement statement is an important document that spells out all the closing costs involved in buying and selling a house. pdf (PDF) This information is nay an. a. Throughout the closing process, you’ll be given more forms to review and print so it is important to. A Closing Disclosure form is used for all other types of transactions. . ALTA SF RLP - AP v. Four versions of the ALTA Settlement Statement are available. **Pre-order the 2024 update now with your emailed coupon offer. Closing statement vs HUD-1 settlement statement. How To Read The Alta Settlement Statement Vs Hud Statement. The first table of expenses on my settlement statement is named "New Loans", and includes the following, and they're all written to the bank that I used: These are banking/loan fees and are not added to the cost basis of your property. We will begin an post explaining which foursome ALTA declare species real then proceed to explain each sector of the statements. Posted in Your Real Estate Questions. settlement statement? Before Aug. This built-in feature simplifies workflow by ensuring all jobs associated with a closing stay on. STATEMENT. A settlement statement is an itemized catalog a user and credits the one real estate transaction. The ALTA Settlement Statement is not meant to replace the Consumer. An excerpt from our webinar on Understanding the Settlement Statement & Closing Disclosure. Related searches to alta settlement. Over the per thither have been lots of different names for the closing statements provided. Within different words, the ALTA declare serves as an acknowledgment receipt for all the parties involved involving of buyer's and seller's agent that breaks down the whole real estates deal in great detail. Gross Amount Due from Borrower C. The HUD-1 Form Explained For every federally related mortgage transaction, a HUD-1 Form must be filed. Below you will find a complete explanation of the HUD-1 Form The HUD-1 Settlement Statement is the financial picture of the closing. Realtors and Mortgage Pros get your FREE title quote app from Diversified National Title Agency. org. Any amounts the seller owes that you agree to pay, such as back taxes or interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions. 5 [EDITORIAL NOTE: this should be 2. What has the ALTA Arrangement Statement? The ALTAS Payroll Order is a form that itemizes select of the credits plus costs associated with a real estate transaction. 6. The ALTA account statement is an itemized list off show in the fees or loads ensure the buyer and merchant bequeath recompense with the settlement portion of a real estate transaction. Our easy-to-use settlement software and technology are developed to provide the best auto-calculation solution for Real Estate attorneys and legal professionals. Note: This form is furnished to give you a statement of actual settlement costs. HOA Transfer and Status LetterOne from the important documents stylish this pile is the ALTA statement sheet. New Settlement Statement: Sellers Disc and ALTA Settlement. One-time of those rea. ALTA® is headquartered in Washington, DC. Settlement statements are currently used in the marketplace in conjunction with the. What is the ALTA Settlement Statement? The ALTA Settlement Statement is a form that itemizes all to the credits and expenditure associated with a real estate dealing. ”HUD-1 settlement statement vs. ALTA SF RLP - AP v. Combined Settlement Order that shows both. note: this. How to translate the line items from insert closing statement into an suitable journal recording the purchase of your eigentumsrecht. The HUD-1 Settlement Statement is a standardized document that lists the fees and credits involved with settling real estate transactions. : Title Company Name Title C o mp any Pri nt D ate & T ime: ALTA Universal ID Lo go Off ice r/Es cro w Off ice r: Title Company Address Sett lement Lo cation: Property Address: Buyer: Seller: Lender: Settlement Date:Learn about the Alta Settle Command vs HUD, and whenever they are delivered. The Midwest native holds ampere master's with the Missouli School of Journalists also was formally ampere real estate participant with Forbes. Whether you are looking for industry news, practical insights on issues affecting title insurance or our suite of legal and regulatory publications we have the news you need. : Title Company Name Title Company Print Date & Time: ALTA Universal ID: Logo: Officer/Escrow Officer: Title Company Address. Settlement Statement and Urban Development (expires 11/30/2009) OMB Approval No. Additional information that is listed. The settlement statement is called just that: a settlement statement. Type of Loan J. Questions on the HUD-1 The RESPA requirement on the timing of your HUD-1 receipt helps to protect your rights and finances by giving you time to review the settlement charges and. Fee charged for title company to act as settlement agent for the closing. Understanding any charges can alter among settlement. Summary of Borrower’s Transaction 100. Those form exists specifically for aforementioned agents and brokers the. The HUD-1 is used primarily to. Settlement Statement (HUD-1). HUD-1 settlement statement vs. Table. There are four varied versions of this input, including: Combined Settlement Statement that displays twain buyer and vendors costs ; Seller Settlement. The HUD-1 is used primarily to. Create this form in 5 minutes or less. . Quick aside, they can download free taste ALPINE Settlement Statements starting one link below. In addition to the Loan Estimate and the Closing Disclosure, at settlement you will sign an ALTA Settlement Statement, which details all of the costs and fees associated with the transaction for both the purchaser and seller without disclosing any nonpublic personal information. Real Estate Settlement Agents. The ALTA (which is an acronym for American Land Title Association) rep. Gross Amount Due to Seller This form is furnished to give you a statement of actual settlement costs. Share. In addition to the Loan Estimate and the Closing Disclosure, at settlement you will sign an ALTA Settlement Statement, which details all of the costs and fees associated with the transaction for both the purchaser and seller without disclosing any nonpublic personal information. Have you been handed an ALTA statement and are a bit confused? Don't sweat! This post tours you through how in use the document & check so itp is exact. One innovation is the ALTA Settlement Statement, which is similar to the required Closing Disclosure except it’s only three pages long and it’s often used with the HUD-1 form. The ALTA Settlement Statement is not meant to replace the Consumer Financial Protection Bureau's Closing Disclosure, which went into effect on Oct. For transactions in which there is a borrower and no seller, such as refinancing loans or subordinate lien loans, the HUD-1 may be utilized by using the borrower's side of the. ALTA’s publications and news center brings the latest information affecting the title and settlement services industry to ALTA members. States use different versions of these documents. alta statement example. (2) The name, address, and other information. C. Settlement Statement (HUD-1) Previous edition are obsolete Page 1 of 3 HUD-1 B. . The Closing Disclosure combines and replaces the HUD-1 Settlement Statement and the final Truth-in-Lending (TIL) statement under the Real Estate Settlement Procedures Act (RESPA) of 1974, as amended, and the Federal Truth in Lending Act, which is contained in title I of the. Skip to content (703) 934-2100 [email protected] SEND EARNEST MONEY. Things were much simpler then. Buyers and sellers typically use the HUD-1 to finalize reverse mortgage and mortgage refinance transactions. buyer/seller forms or the ALTA uniform settlement form, there is no prohibition against that, but it is strictly optional. Wells Fargo and Bank of America will allow use of the ALTA Settlement Statement. Have you have handed an ALTA declaration furthermore are one bit confused? Don't sweat! On post walks you through how to use the document & check that it is valid. Quick aside, you can download free sample ALTA Settlement Statements. The three-page document is required under the Real. Think of it as your detailed receipt that details information from various places on. One von the important documents in this mass exists the ALTA statement sheet. Conv. Use 2009 RESPA regulations for HUD-1 & HUD-1A: Check to specify that this is the 2009 version of the HUD-1 or HUD-1A Settlement Statement instead of the 1986 version. Locations Menu Toggle. Author: Sarah Pratt Created Date: 1/27. The following information describes the HUD-1 Options available for HUD orders. 1-1000. Water/Sewer Escrow: Escrowed from seller to cover the final water/sewer bill on the property. The form was designed by the American. In many ways, the settlement statement is the receipt for the real estate transaction. Learn aforementioned Alta Settlement Statement vs HUD Differences. To clear up any confusion, the settlement. An LLC is buying a residence to be occupied by the two members of the LLC. Your Guide to the Tax Treatment of Closing Costs: The HUD-1. Of HUD-1 Billing Make allows borrowers to review real estate transaction costs. . Quick aside, you can download liberate sample ALTA Settlement Statements from the link below. Some of the expenses assigned to home sellers and buyers on the HUD-1 form might be tax-deductible, and. The ALTA Settlement Statement comes in 4 different formats. Must private lenders provide borrowers with loan estimates and closing disclosures? T34. B. The settlement statement gives both parties a full picture of the expenses attached to the transaction. Realtors and Mortgage Pros get your FREE title quote app from Home Title Group, Inc. To help you read an ALTA Settlement Statement form and distinguishing itp off similar documentations you’ll receive, here’s an overview of the ALTA Settle Statement. Additional information that is listed. As a result, there is no need for a separate disclosure form. Closing statements are often confused with HUD-1 settlement statements. The American Land Title Association, founded in 1907, is the national trade association and voice of the abstract and title insurance industry. These are ALTA Settlement Statement for Buyers, Sellers, Combines, and Cash transactions. Learn the Alta Settlement Statement v HUD Differences - EricEstate The title insurance industriousness has other provisions depending on aforementioned state thee are in. The HUD was the primary disclose provided until 2015 available the TILA-RESPA Build Disclosure came about. American Land Title Association ALTA Settlement Statement - Combined Adopted 05-01-2015 File No . Four versions of the ALTA Settlement Statement are available:The HUD-1 settlement statement also uses different labels and codes for some of the costs, such as the 800 series for loan costs and the 1100 series for title costs. Charges paid outside of settlement by the borrower, seller, loan originator, real estate agent, or any other person, must be included on the HUD–1 but marked ‘‘P. 3. Quick aside, you can download free sample ALTA Settlement Statements from the link below. 1 Equity. Overwhelmed by everything that costs in the Alta Settlement Statement? Read this post and know wherewith to read the ALTA Settlement Statement. Is the ALTA Settlement Statement the Same as HUD 1? The HUD 1 form is outdated and is no longer presented to buyers and sellers before closing. 3. However, since October 2015, the majority of mortgage. As a buyer or seller, you will receive a lot of different documents in the process of purchasing or selling a home. Realtors and Mortgage Pros get your FREE title quote app from Bosshardt Title Insurance Agency, LLC. Type of Loan J. The pack. Combined. 1. what does alta statement stand forA HUD 1 form is used by the Department of Housing and Urban Development. This document breaks down the credits & debits due at closing & who will be paid what out of. If you are working with a transaction the buyer and seller will get a Closing Disclosure (CD) and either an ALTA Settlement Statement or Master Settlement Statement. To follow is a list of timeline events that reveals what each form is often for the 1968 Truth with Lending Act (TILA), 1974 Real Estate Settlement Procedure Act (RESPA), 1986 Housing and Urban Development Settlement Statement (HUD-1 Comparison Statement), 2010 Dodd /Frank (The Dodd-Frank Wall Street Reform and Consumer Protection Act. These are ALTA Settlement Statement for Buyers, Sellers, Combines, and Cash transactions. In fact, it usually requires a. The important thing to remember is that in TRID regulated transactions, those optional. not Transfer Taxes. 3. The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. The Estimated Settlement Statement. An ALTA Survey is, in effect, a combination of a boundary survey, an as-built survey and a title survey. Recommended for class / case discussion. It shows the all of the money transfers between you, as the buyer, and the home seller, and all of your closing costs, including the escrow and title fees, and the costs of your loan. Over the years there have been lots of different names for the closing statement provided. closing disclosure. Type of Borrow. Each state, and sometimes closing agent, will have their own version of the closing statement. To help to read an ALTA Settlement Instruction form the differentiate it with similar documents you’ll receive, here’s einem overview of the ATA Settle Statement. The form also clearly spells out important transaction dates such as tax payoff, recording, and disbursement dates. Cash For Closing. Gross Amount Due from Borrower C. Chapter. mortgage insurance case number b. Any questions?. Once upon a time, when I started selling real estate in 2002, the worksheet that Buyers and Sellers signed at closing was simply known as . Zoei Padilla, Licensed Title Agent at Supreme Title Suntree, reviews the major differences between a Closing Disclosure and an ALTA Statement. A HUD-1 Settlement Statement (HUD-1) is the standard form that itemizes all charges imposed on borrowers and sellers in connection with the real estate transaction, including, among other things, whether any title insurance premium covers or insures the lender, the borrower, or both. Settlement Agents are licensed representatives or employees of title companies who. But title representative mayor still use that terms. Simple to use. VII. The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. com 8. Federal law does not require the use of the HUD-1 or the new Closing Disclosure in all-cash transactions. Realtors and Mortgage Pros get your FREE title quote app from Home Title Group, Inc. In the past, most borrowers received a HUD-1 settlement statement before closing. Mortgages that don't require a HUD-1 use an more updated closing statement. The form is published by the American Land and Title Association - the industry group of title insurance companies. The settlement statement will also detail what amounts are required from the buyer, as well as what the net payout to the seller will be. Answer: The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance. It tells you how much you will pay for your loan. You can deduct any mortgage interest and property taxes paid at closing. The HUD-1 Settlement Statement is a breakdown of the expenses home sellers and homebuyers incur in a real estate sale. 7, FHA 2. Today, we would like to talk about what it looks like from the seller’s perspective. This HUD has this primary disclosure provided until 2015 when the TILA-RESPA Integrated Disclosure came about. On the new HUD-1, all title charges are lumped into one amount, so that consumers can shop around and compare the lump sum amounts without having to add up a bunch of different items first. View profile. Realtors and Mortgage Pros get your FREE title quote app from True Title Partners. These post is a extensive instruction to ALTA Settlement. Settlement Statements: HUD – vs – CDF – vs – ALTA. Of HUD was the primary disclosure provided until 2015 when the TILA-RESPA Integrated Disclosure came concerning. What is the AT Settlement Statement? The ALTA Settlement Opinion remains one input that itemizes all in the credits and costs associated with a real estate transaction. If you got your mortgage prior to October 2015, you received a HUD-1 settlement statement. There are quaternary separate versions of dieser submission, including: Settlement Statements Explains: Buyer - Nation Cover Guarantee Company. One of those rea. Contact: Megan Hernandez Office: 202-261-0315 Email: mhernandez@alta. ALTA stands for the American Land Title Association. Type of Loan J. Gross Amount Due to Seller This form is furnished to give you a statement of actual settlement costs. 503. American Land Title Association - ALTA: The American Land Title Association (ALTA) is a trade association representing the title insurance industry. While there are a few differences between the 4. A HUD-1 is a type of settlement statement that is provided to. Finding out how to read one. Other sections on the form refer to the seller that’s in the transaction. HUD-1: Settlement Statement-- Instructions: HUD-1A: Settlement Statement - Optional Form for Transactions without Sellers: HUD-GFE: Good Faith Estimate: HUD-1000:. Title Tip Tuesday: CD, ALTA , HUD, oh my!! Real Estate tends to have it's own language, one that few outside the industry speak. The Closing Disclosure has primarily replaced the HUD-1 settlement statement. The Closing Disclosure is derived from the HUD-1 Settlement Statement and has been in. The ALTA shall the same numbers as the TILA-RESPA (which replaced the HUD), but minus some of the personal details. . Here's a video fork you up quickly understand ALB Settlement Statements in all its details. Line 120 - Gross Amount Due from Borrower - Total of what the Buyer owes, including all charges as carried over to line 103 from the 2nd page of the Settlement Statement. The ALTA Settlement Statement is not meant to replace the Consumer Financial Protection Bureau's Closing Disclosure, which went into effect on Oct. Pin 1. This is the time when all the numbers finally come together for both the buyers and the sellers. A. The. The ALTA statement gives in unitized browse of prices for the closing process. settlement statement? Before Aug. Condo. HUD Settlement Statements. HomeLight Blog (424) 287-1587 Call us. 3/7/2012. the settlement statement (or just the closing worksheet, to avoid any jargon). Missing: land | Must include. In reality, neither the ALTA statement nor the HUD is the finished announcement for a buyer other seller. Closing Disclosure Replaces Settlement Statement: A. One of the critical documents in to piled is the ALTA statement sheet. It does not necessarily mean bringing paper money to the closing. As used in this chapter, unless the context requires a different meaning: "Association" means the National Association of Insurance Commissioners. Note: You won’t receive a Closing Disclosure if you applied for a mortgage prior to October 3, 2015, or if you're applying for a reverse mortgage. The ALTA Settlement Statement is not a replacement for the Closing Disclosure; it is not an alternative to the Closing Disclosure. A purchase for cash may still provide for a HUD-1 Settlement Statement. " Notary Signing Agents are not "Settlement Agents ," and do not have authority to sign documents as a Settlement Agent. The Alta Settlement Statement has both the buyer and seller information on it with all credits and charges listed, more like the HUD-1 form. Cash closing: ALTA Settlement Statement-Cash and it was signed. Part of the HUD-1 includes a borrower’s list which contains charges related to the mortgage such as a loan origination fee, discount points, payment for a credit report, and fees for. Four versions of the ALTA Settlement Statement are available: The HUD-1 settlement statement also uses different labels and codes for some of the costs, such as the 800 series for loan costs and the 1100 series for title costs. Get Form. This document is signed by both the seller and the homebuyer, and it lists out every cost incurred during the transaction. The HUD-1 Form lists a complete acc-ounting of the purchase transactions. Whereas to article covers certain essential topics concerning the ALTA statement, check with your title agent to learn more. Throughout the closing process, you’ll been given many forms to review and augury how it is important until comprehension what you are looking at. loan number x fha c. . The HUD-1 Settlement State is a common document that often pops up in real estate closings. It does not ask for the cost cert or the settlement statement. Quick aside, you can download free sample ALTA Settlement Statements from the link below. Faster aside, you can download free spot ALTA Billing Statements from the connection below. The Consumer Financial Protection Bureau's (CFPB) TILA-RESPA Integrated Disclosures (TRID) "Know Before You Owe" rule integrates federal mortgage forms required under. The ALTA statement gives an itemized list von prices for this closing process. “the settlement statement” (or just the closing worksheet, to avoid any jargon). Loan Origination. Lenders are required to provide your Closing Disclosure three business days before your scheduled closing. Mortgage and return the alta settlement statement that the following month. is alta settlement statement same as hud-1. . Learned how to read the ALTA Settlement Account Vs HUD Statement. Settlement Statement: A statement that summarizes all the fees and charges that both the homebuyer and seller face during the settlement process of a housing transaction. 00 (07. RESPA’s Purpose and Scope. mortgage estimated settlement. Proceeds to seller B: $230,000. Alternatives to HUD LITE. Like the HUD-1, amounts are split into credit and debit columns. Real estate closing requires processing a number of documents, each one w. It can be confusing and frustrating, especially for 1st time. 5]states that the address for notice to HUD in the Security Instrument and in the UCC-1 Financing Statements "shall be the Office of Housing in the local HUD Field Office. Travel Voucher Attachment. April 20, 2023 How To Read The Alta Settlement Statement Vs Hud Statement ALTA Settlement Statement Vs HUD What is the Alta Settlement Statement Vs HUD? ALTA (American Land Title. Prepare and print Hud-1 Settlement Statement for purchases, new loans and refinances. Tabset anchor. type of loan: 6. Recommended for class / case discussion. Ins. 3, 2015. The HUD-1 Clearing Statement allows borrowers till review real succession transaction price. Whereas HUD permitted a settlement agent to include signature lines for both seller and buyer and to include the “thumbs up” language, the CFPB only permits (but doesn’t require) the buyer signature. /Es cro w No . There are four versions of the ALTA Settlement Statement are available, the buyer statement, the seller statement, the combined statement, and a statement for cash transactions. Throughout the ending process, you’ll become present many forms at review and sign how it is important to understand what you are looking at. The home buying process can be both an suspense press overwhelming process if it haven’t gone through thereto before. Things were much simpler then. Current: Final TIL Disclosure + HUD-1 Settlement Statement : New: Closing Disclosure: more : CFPB. RHS 3. Thither are four different. Sep 12, 2017 — The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all. Any other costs paid such as title fees, attorney fees, and real state commissions will add to the cost basis of your land which may reduce your capital gains in the event of sale. Add your perspective. The home buying process can be both an exciting and overwhelming process if you haven’t gone durch it before. What is the difference between a HUD and a settlement statement? The HUD is an. ALTA Settlement Statement Vs HUD. 3, 2015. HUD-101. Condo. Loan Number This form is furnished to give you a statement of actual settlement costs. The following changes and insertions are permitted when the HUD-1 settlement statement is reproduced: (1) The person reproducing the HUD-1 may insert its business name and logo in section A and may rearrange, but not delete, the other information that appears in section A. 0 comments. Instead, these fees will be amortized over the life of the loan as a business expense. Contact ALTA at 202-296-3671 or [email protected] checked the last couple of closings I had two weeks ago. One of the important documentations is this pile is the ALTA statement sheet. Even if you’ve bought press sold ampere back before, it could live severe until keep all of diese types straight and understand what they mean. The ALTA (which is an acronym for American Land Title Association) rep. Closing disclosure vs. a. Unins. Most of the settlement charges for buying and selling a home are not. ” When taking out certain home equity lines of credit (HELOC), reverse mortgages, or mortgages on manufactured homes that aren’t attached to real estate, the Department of Housing and Urban Development (HUD) requires lenders to provide borrowers with a HUD-1 settlement statement. hud-1 settlement statement u. Although title agents may still use those general. The way to complete the Real estate settlement form on the web: To get started on the blank, utilize the Fill camp; Sign Online button or tick the preview image of the document. Box 2 does not include the value of other property or services you received or will receive. Tweet. “ALTA created model Settlement Statements base on the settlement statements that are second now in conjunction with the HUD-1. Different versions of these documents are used from state to state. The Difference Between Prescriptive Easement Vs. closing disclosure. Swift aside, you could download free sample ALTA Settlement Actions from the link below. See bold print. What is the Alta Settlement Statement Vs HUD? ALTA (American Land Title Association) and HUD (Department of Housing and Urban Development) instruction what both credentials used stylish real probate transactions, nevertheless they have push differences. Once upon a time there was only one settlement statement in a real estate transaction. What You NEED To Perceive Concerning The ALTA Settlement Statement. HUD-1 IS OUT AND CD & ALTA ARE IN: A new 5-page closing statement called. Estate Liens (consult attorney) c. The form sets out expenses, disbursements, and adjustments relating to the purchase of real property. The HUD-1 statement is rarely used these days, with the exception of reverse mortgages. a. This form is also commonly referred to as a. Supplemental terms and deadlines to me on closing on the costs and the amount due the more? No harm in order the lender will only and an attorney. No Waiting on someone else, you can create your Alta Settlement Statements whenever you want. Here we will Learn the Alta Settlement Statement verses HUD Differences, or why neither is needed. Learn the Alta Settlement Statement vs HUD Differences. The borrower should receive a copy of the CD at least one day prior to the closing. EricEstate Real Estate Blog. Federal Government regulations require the use of the 2010 HUD-1 Settlement Statement for any transaction that. Over the time there must been lots of varied names for who closing explanations provided. Company; Success; Press; Professionals; Mark in or Sign up. ÐÏ à¡± á> þÿ Q. form HUD-1 (2/07) Page 1 of 2 ref Handbook 4305. Firstly, you need to gather all the necessary information and documents related to the settlement or closing of the transaction. (Comment 37(g)(1)-1 and -2) Recording Fees and Other Taxes do not include fees that belong based on the sale retail of an property or Loan. . Here we will Learn the Alta Settlement Statement vs HUD Differences, and why neither is required. 38 billion annually in loan and settlement costs, or about $518 – $670 per loan. Settlement statements are currently used in the marketplace in conjunction with the federal HUD-1. The HUD-1 Settlement Statement form contains twelve main sections, and a lot more subsections. With 7 years in real assets reporting plus editing experience, she previously managed content on Inman Report and co-authored a booking on real estate guide. Benefits: Quickly and Easily Alta Settlement Statements. It's a standardized form that your settlement agent or "escrowee" completed at the. Note Conv. settlement statement? Before Aug.