Definitions for "HUD1 Statement"
The closing document which shows all costs and discloses payment responsibility - also known as settlement sheet.
also known as the "settlement sheet", itemizes all closing costs involved with the transaction. The HUD1 Settlement Statement is prepared by the closing company and is explained to the buyer and seller at the time of closing. II II
A "settlement sheet" that itemizes all closing costs. It must be given to the borrower at or before closing.