HUD-1 Statement : A document that provides an itemized listing of the funds that are payable at closing. Items that appear on the statement include real estate commissions, loan fees, points, and initial escrow amounts. Each item on the statement is represented by a separate number within a standardized numbering system. The totals at the bottom of the HUD-1 statement define the seller's net proceeds and the buyer's net payment at closing. The blank form for the statement is published by the Department of Housing and Urban Development (HUD). The HUD-1 statement is also known as the "closing statement" or "settlement sheet."

 

Maria Borci P.A, ABR, TRC | Realtor Homes 4 You LLC.
8300 NW 53rd Street . Suite 350
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1 Comments on For Sellers and Buyers: What is a HUD-1 Statement

SEP
14
2008

Thanks, this is a great start in understanding the HUD1 statement.

Mike
8:14am • #1

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Maria Borci P.A. ABR-TRC-REO Doral Kendall FL Real Estate

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