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