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.
Definition of fee. 1  1a (1) : an estate in land held in feudal law from a lord on condition of homage and service (2) : a piece of land so heldb : an inherited or heritable estate in land. 2  2a : a fixed chargeb : a sum paid or charged for a service.