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Understanding The New HUD

By
Real Estate Agent with RE/MAX Properties II - Montgomery, AL

The HUD-1 Settlement Statement (HUD-1) is a form that lists all the charges and credits to the seller and borrower in a transaction. You have the right under RESPA (Real Estate Settlement Procedures Act) to inspect the  HUD-1 Settlement Statement before settlement occurs. The new booklet from the US Department of Housing and Urban Development helps guide you through this extensive form.

For Sellers, some highlights include,

  • Purchasing Time-line
  • Negotiating the Terms of the Sales Agreement
  • Understanding which charges can change at settlement
  • Line by line explanation of the entire form

Click here for a FREE download of the complete report.

Cheryl Ashurst, Realtor
334-323-1124 or Toll Free 800-475-2243 ext 124
Certified Residential Specialist (CRS) & Broker Associate
Helping You Move Team with RE/MAX of Montgomery

Comments (1)

Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Stopping by to share our Re/Max RELO message -  http://actvra.in/4jHG

 

Nov 02, 2014 10:17 PM