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
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