ALTA Settlement Statement

Drafts a mathematically balanced, ALTA-compliant settlement statement allocating all transaction costs between buyer and seller at closing.

Prerequisites

1. Purchase and Sale Agreement — sales price, earnest money, seller concessions, cost allocation.
2. Title Commitment — premiums, endorsements, exception items requiring payoff.
3. Loan Documents — new loan amount, lender fees, prepaid items.
4. Payoff Statements — existing mortgage(s) and lien balances with per diem rates.
5. Closing/Disbursement Dates — both required for proration calculations.
6. Tax Records — current year amount, payment status (arrears vs. advance), last paid date.
7. HOA Documents — dues, transfer fees, special assessments.
8. Commission Instructions — total amount and brokerage split.

Output Structure

Header Block