Which document typically outlines the financial aspects of a property sale?

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The correct choice is the Closing Statement, as this document provides a detailed account of the financial transactions involved in a property sale. It typically summarizes the costs, credits, and debits associated with closing the deal, including the purchase price, closing costs, and any adjustments for items like taxes and utilities. Both the buyer and seller receive a copy of the Closing Statement, which helps ensure that all financial details are transparent and agreed upon before the transfer of ownership takes place.

In contrast, the Home Inspection Report focuses on the condition of the property instead of its financial elements, highlighting any issues that may need addressing prior to sale. The Offer Letter represents the buyer's proposal and intent to purchase the property, but it does not contain the financial breakdown; rather, it outlines the terms and conditions of the offer. The Deed of Trust is a legal document that secures a loan on the property and confirms the borrower's obligation to repay the loan, but it does not summarize the financial aspects of the sale itself.

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