The items shown on the statement will reflect the purchase price, the funds deposited or credited to your account, payoffs on existing encumbrances and/or liens, the costs for all services and a determination of the funds you are entitled to at the close of the escrow.
In English law, a fee simple or fee simple absolute is an estate in land, a form of freehold ownership. It is a way that real estate may be owned in common law countries, and is the highest possible ownership interest that can be held in real property.
Fee simple ownership is the highest form of property ownership available. While fee simple ownership traces its lineage back to feudal England, it is still used in modern real estate all over the world. Fee simple ownership entitles owners to certain rights that are not available with other forms of property ownership.