settlement statement

Real Estate Law

Breaking Down the HUD-1 Settlement Statement

by Joshua M. Marks, Esq. | May 27, 2008

The Settlement Statement, often referred to as the “HUD-1”, is a document that contains a detailed breakdown of the closing costs apportioned between the buyer and seller of property. Typically, the closing agent (often a representative from the title company), gathers the pertinent information, completes the Settlement Statement and disperses the required funds once the [...]

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