A closing document required by HUD that outlines the settlement cost of a loan. The closing agent generally prepares the document and buyer receives it shortly after the loan is closed.
A form settlement (closing) statement required by the U.S. Department of Housing and Urban Development (HUD) where federally related mortgages are being made on residential properties. It is a balance sheet showing the source of funds and the distribution of funds in connection with the purchase and/or mortgaging of residential property.
The standard closing costs report recommended by the U.S. Department of Housing and Urban Development. Both Buyer's and Seller's costs and credits are disclosed on the same form and cover all details of the final settlement.
A form number assigned by the Department of Housing and Urban Development (HUD) to a standard Settlement Statement required by HUD to be completed by a settlement agent, typically an escrow or title company at the time of closing. It is a balance sheet showing the source of funds and the distribution of funds in connection with the purchase and/or mortgaging of residential property.
is a statement of the funds received and spent at the closing of a real estate sale. It is furnished by the real estate closing agent to the Buyer and Seller separately. The standard form "HUD 1" is used in most residential transactions.
a closing document required by HUD that outlines the settlement cost of a loan. It contains an itemized list of closing costs and is signed by the buyer and the seller.
See Settlement Statement. UD Information Booklet - Describes the closing process and costs and the loan applicant's rights under the Real Estate Settlement Procedures Act (RESPA).
A closing agent makes a closing document that states the settlement cost of the loan. Once the agent finishes the document it is sent to the buyer at closing.
