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What is the HUD-1?

This is the second post in a nine part series on the mortgage loan process.



The HUD-1 is a government-designed form used to note the participants in a real estate transaction and itemize the expenses and proceeds for both the buyer and seller. This document is executed at the time of settlement, and all parties receive a copy.

The HUD-1 Settlement Statement will allow you to compare the costs provided on the “Good Faith Estimate” with the actual final costs and pre-paid expenses for your transaction. Be sure to save a copy to use at tax time.

We want you to know as much as possible about your transaction. If you would like to see a sample of the HUD-1 form or learn more about the difference between fees and expenses, please ask. Your questions are welcome; all contact information is here.

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