Lesson 5 of 5 · 6 min
What a real closing looks like
People say not to follow anyone who will not show proof. Proof of what, though? Here it is closings. The wires, the statements and the recorded deeds. Not a screenshot of an account balance.
What proof looks like here
A real closing leaves paper behind. A settlement statement. A wire confirmation. A recorded deed. Together they show that a deal happened, in what order, and who was paid.
Every closing shown on this site has every dollar amount blurred. The names, the county, the dates and the title company are blurred too. What you can see is the shape of the deal. That is the point of it.
How to read a settlement statement
- Parties: who is the seller, who is the buyer, and who is the lender or funder.
- The payoff line: the funder's repayment comes out of the B to C proceeds.
- Fees and credits: every charge is listed, nothing is netted away.
- The balance: what is left at the bottom goes to the person leaving with cash.
In a double close you read two statements, one per closing. The numbers on the second should explain the payoff on the first.
Why not income
Income screenshots prove how much someone says they made. A closing proves that a deal funded. We show closings.
What comes next
That is the course. You now know how the money moves, where fraud hides, how a desk decides, what to tell title and what a closing looks like on paper.
Funding for members' deals is not open yet. When it is, it will be announced in the group first.
What to remember
- Proof here means closings: statements, wires and recorded deeds.
- Every dollar amount, name, county, date and title company is blurred.
- In a double close, read both statements. The second explains the payoff on the first.
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This lesson explains how deals are papered and funded. It is not legal advice and does not look at your own deal. Ask your closing attorney about yours.