Understanding the HUD-1 Settlement Statement

January 3, 2014 67 No Comments

Description

When it’s time to finalize your home purchase, a settlement agent will prepare a HUD-1 Settlement Statement. This standard form lists the various costs involved in your real estate transaction and tells you who is responsible for paying each.

In short, it’s a three-page guide for your entire transaction. It may look overwhelming, but it’s actually pretty straightforward, so let’s walk through it.

Learn more at http://firstam.us/1bcioIb

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