The required document that details the loan or purchase transaction. HUD-1 statement.
The HUD-1 Settlement Statement itemizes the amounts to be paid by the buyer and the seller at closing. The (blank) form is published by the U.S. Department of Housing and Urban Development (HUD). Items on the statement include: real estate commissions, loan fees, points, and escrow amounts. The form is filled out by your closing agent and must be signed by the buyer and the seller. The buyer should be allowed to review the HUD-1 Settlement Statement on the business day before the closing meeting to know the closing costs in advance. The HUD-1 Settlement Statement is also known as the "closing statement" or "settlement sheet."
The computation of costs payable at closing which determines the seller's net proceeds and the buyers net payment.
The information sheet which sets out the allocation of funds on closing.
The computation of costs payable at closing that determines the seller's net proceeds and the buyer's net payment.
The computations of costs payable at closing that determine the seller's net proceeds and the buyer's net payment.
the document prepared at closing which sets forth the purchase price, all the deductions, additions and adjustments to the price and all the items charged to the buyer and the seller at the closing.
Settlement Sheet is otherwise known as Closing Statement. It is a document prepared by an agent to describe a real estate transaction, which includes the escrow deposits, taxes, commissions, loan fee, mortgage insurance, and other related details. Sometimes it is also referred to as the HUD-1.
