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HUD-1 Form

4 Posts
1 Sections
1 Types

January 1, 1 5 min read Definitions

Adjustments (Closing)

Closing Adjustments Settlement Statement Proration Real Estate Transactions HUD-1 Form Title Company Pro Rata

Adjustments made at the settlement of a real estate transaction that outline expenses and fees charged to the buyer or seller.

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January 1, 1 7 min read Definitions

Closing Statement

Closing Statement Real Estate Transaction Real Estate Finance Settlement Statement HUD-1 Form Title Company Real Estate Settlement Procedures Act

A closing statement is an accounting of funds from a real estate sale, made to both the seller and the buyer separately. It details the financial transactions involved in finalizing a real estate transfer.

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January 1, 1 6 min read Definitions

HUD-1 Form Uniform Settlement Statement Real Estate Closing Closing Disclosure Settlement Charges Borrower and Seller Charges

The HUD-1 Form, also known as the Uniform Settlement Statement, is used to itemize all charges imposed upon a borrower and seller for a real estate transaction, keeping them informed during the closing process.

Read more about HUD-1 Form.

January 1, 1 6 min read Definitions

Uniform Settlement Statement

Uniform Settlement Statement HUD-1 Form RESPA Real Estate Transaction Closing Process Mortgage Disclosure

The Uniform Settlement Statement, otherwise known as the HUD-1 Form, is mandated by the Real Estate Settlement Procedures Act (RESPA) for federally related mortgages. This document contains crucial details about the closing, outlining all charges and funds involved in a real estate transaction.

Read more about Uniform Settlement Statement.