What the seller took home isn’t the sale
A settlement statement ends with the cash paid to the seller, after the commission, fees and a loan payoff come out. That bottom line is the easiest number to find, and software often copies it as the proceeds.
One owner’s share, not the whole sale
When a property has two owners, each one gets a separate form, but the settlement statement shows the whole sale. Software can put the full price on each owner’s form, which doubles what’s reported.
Six dates for one closing
A sale has a contract date, a scheduled closing that can move, signing dates, a settlement date, a disbursement date and a recording date. Software often takes the first date it sees, or the one on the deed.
The property isn’t the seller’s address
A seller often lived in the house being sold, so the old papers give the property as the seller’s address. Software can put the property where the seller’s mailing address goes, or the seller’s new address where the property goes.