california real estate: What is a HUD-1 Statement or Settlement Form? - 06/04/12 03:46 AM
HUD-1 is a settlement form that is completed by the closing agent; this itemizes the charges, whether you are the buyer or seller involved in a real estate transaction. This also includes any fees that are associated with the transaction but are to be paid prior to the closing.
Any mortgage loans in the United States that are related to federal loan require that a HUD-1 form be completed. The Real Estate Settlement Procedures Act (RESPA) has statutes that require a HUD-1 form to be completed as the standard settlement form.
The distribution of the HUD-1 form,┬áper the RESPA, a copy should … (3 comments)

 
Deepak Chauhan, Irvine, CA ... the place to be (Versailles Property)

Deepak Chauhan

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