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Link to full blog post article

The HUD-1 Explained

The HUD-1 Explained aka Settlement Statement The buyer and seller should receive a copy of the HUD-1 (closing paperwork) at least one day before closing, ostensibly so they can check it over for errors. Even if changes are made at the last minute, it is crucial to take the time to read over the form to make sure that no errors have been made. What follows is an explanation of each Sec. of the HUD-1: Sec. A-I: Lender info, settlement agent info, loan type, settlement date and property address. Sec. L: Settlement Charges Sec. 700: Agency Commissions Sec. 900: Items Required by Lender to be Paid in Advance Sec. 1000: Reserves Deposited with Lender Sec. 1100: Title Charges Sec. 1200 - Government…
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Tampa Bay Pro Group

Keller Williams Realty- Tampa Bay Pro Group
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated Jun 14, 2024 6:28:am.