Definitions for "HUD-1"
Related Terms:
Hud-1 settlement statement, Settlement sheet, Settlement statement, Closing statement, Hud 1, Hud-1 statement, Hud-1 uniform settlement statement, Statement of adjustments, Hud1 statement, Uniform settlement statement, Respa statement, Adjustments, Advance fee, Sales concession, Completion statement, Prorations, Advance fees, Finder's fee, Closing cost item, Proration, Closing costs, Closing cost, Deposit, Escrow fee, Good-faith estimate, Closing, Settlement, Earnest money, Escrow closing, Commission, Purchase price, Seller contribution, Prorate, Settlement costs, Closing day, Consideration, Earnest money deposit, Gfe , Settlement, Owner financing, Holding deposit, Installment sales contract, Seller financing, Seller carryback, Close of escrow, Non-recurring closing costs, Earnest, Seller take-back, Holdback
A standard form, which itemizes the closing costs, associated with the purchase or the refinance of a one-to-four family residential property. .
Another term for a Closing Statement
Form See Real Estate Settlement Statement.
Also called a "Settlement Statement" of all costs and fees in your closing.
Settlement Statement A document that lists all closing costs on a real estate purchase or refinance transaction. Also known as the "closing statement" or "settlement sheet."
A document that gives a breakdown of costs that the seller and buyer may pay at closing.
A document that provides an itemized listing of the funds to be paid, or that were paid at closing. Items that appear on the statement include real estate commissions, loan fees, points and initial escrow amounts. Each type of expense goes on a specific numbered line on the sheet. The totals at the bottom of the HUD-1 statement define the seller’s net proceeds and the buyer’s net payment at closing. It is called a HUD-1 because the form is printed by the Department of Housing and Urban Development (HUD). The HUD-1 statement is also known as the “closing statement” or “settlement sheet.
This is a document required by the Federal Department of Housing and Urban Development on all federally assisted loans. It is typically used in all residential real estate closings as the settlement statement which identifies how all of the money obtained at or before the closing is disbursed. The money is disbursed by the closing agent.
another term for "settlement sheet."
A two-page financial disclosure statement detailing the closing costs of a home purchase.
A two-page document that details the sources and uses of all funds collected and paid out by the buyers, sellers, and their agents at loan closing.
A document that gives a breakdown of the costs that the buyer and seller pay at closing. The lender, broker, escrow agent or attorney can prepare the HUD-1, which is also called a closing statement and settlement statement.
(See Settlement Statement).
Statement An itemized listing of the costs associated with a real estate transaction, including commissions, loan fees, points, and escrow amounts. The amount of costs paid by the buyer and the seller are listed, and the seller's net proceeds are disclosed. Also called settlement sheet.
Impound account