Uniform Settlement Statement

A Uniform Settlement Statement is a detailed document used during real estate transactions to itemize all costs involved in buying or selling a property. It outlines expenses such as loan fees, taxes, inspections, and closing costs, providing transparency for both parties. The goal is to clearly show who owes what and ensure all funds are properly accounted for at closing. By standardizing this statement, it helps prevent misunderstandings and promotes clarity, making the settlement process fair and predictable for buyers, sellers, and their agents.