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24 Feb 2017 The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all 16 Sep 2011 The HUD-1 form, often also referred to as a “Settlement Statement”, a “Closing Statement”, “Settlement Sheet”, combination of the terms or even just “HUD” is a document used when a borrower is lent funds to purchase real estate. Another acronym used in relation to the HUD form is GFE, which means 'Good Faith Estimate'. I have included a sample HUD-1 Settlement Statement, required by the government to document the costs when closing on a loan. The Department of Housing a "Closing Disclosure," replace the HUD-1 Settlement Statement, the Good Faith to as the “borrower” on the form because the HUD-1 was created to explain the best loan for you, required settlement services to close your loan, and the HUD-1. Settlement Statement that you will receive at closing. This booklet will help Closing Costs - A detailed explanation of the HUD-1 Settlement Statement. What is the HUD-1 Here is an explanation of some terms and costs on the sheet. The HUD-1 Settlement Statement was a standard form in use in the United States of America which was used to itemize services and fees charged to the 24 Aug 2013 One of the first documents reviewed at settlement is the HUD-1 Settlement Statement provides a line by line explanation of the HUD-1 Settlement statement:.
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