They are not obligated to pay the full $9500 if you don't end up spending the full $19K on repairs, but would typically pay you at least the $7500 remaining of the Actual Cash Value settlement.2) You can spend whatever amount you want to do the repairs, but the insurance company will pay no more than the total of the loss $19,000 minus your deductible of $1,000.

So the property taxes, insurance, everything is paid through the client's settlement account.

Settlement cost, on the purchase and a real estate commission on the sale?

BUT, here's the caveat: I never wrote him a check, or took money out of my own pocket...I simply financed out $10,000 of the $50,000 fee that I was making on this deal, and that was reflected in the settlement statement.

They will run title to make sure there are no liens attached to the home and then draw up settlement statements for you.

But I believe per Fannie/Freddie, any property purchased in the last twelve months or so much be documented via CD or what used to be the Settlement Statement. 

I don't know what your situation is, but often times settlement ends up being the best option.

Thanksappraisal 450, closing fee 195, credit report 28, doc prep fee 125, flood certification fee 9.50, lenders title insurance 156, processing fee 395, recording fees 60, renovation fees 600, settlement fee 700, tax service 78, underwriting fee 395, wire transfer 35

The other unit the vendor settled with me when the unit failed (at about 2 years) but as part of the settlement I can not state anything about the company, what failed, etc. 

You could have a contract of sale with the seller, your mother in law, taking back a note subject to it being sold at time of settlement.